NDH-1 DUE DATE

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The NDH-1 form for Nidhi companies needs to be filed within 90 days of the end of the first financial year. If a company fails to meet membership or Net Owned Funds requirements in its first year, it may need to file the NDH-1 again in the second year after obtaining an extension from the Regional Director.

anshuman jain

anshuman jain (Querist)

11 July 2021 Do we need to file NDH-1 every year or only once after the completion of first FY

Deepa B

Deepa B (Expert)

12 July 2021 It has to be filed in the first year within 90 days from end of financial year.
In case the Nidhi company fails to meet the minimum requirement of having 200 members in the year of its incorporation and maintaining ratio of Net Owned Funds to deposits of not more than 1:20, then it has to seek extension from Regional Director within 30 days from end of first financial year, for complying the same in second year. So it has to file NDH-1 in second year.

anshuman jain

anshuman jain (Querist)

12 July 2021 but as per rules it has to be filed after the end of first financial year. Further the form also demands the data as per the details of the first financial year only.

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