A Nidhi Company is a company registered under the Companies Act, 2013 to develop Cultivating the habit of thrift and savings amongst its members only. It is also considered as an NBFC & has been exempted from provisions of RBI Act, 1935.

Like all other business structures registered under the companies act, 2013, a Nidhi company is also required to fulfill certain compliances which are as below:

• File form NDH-1 within 90 days from the close of the first financial year after its incorporation and where applicable, the second financial year.
• File form NDH-2 in case of non-compliance with the following:

1.  To ensure 200 members in a financial year.
2.  To maintain the Net owned funds to deposit ratio of 1:20.

• File form NDH-3 (half-yearly return) at the end of 30th September and 31st March every time.
• Form AOC-4: Filing of Financial Statements
• Form MGT-7: Annual Return

In case of non-compliance beyond the second financial year, Nidhi Company shall not accept any further deposits from the commencement of the second financial year till it complies with the provisions contained in rule 5 sub-rule (1) of Nidhi Company Rules 2014, besides being liable for penal consequences as provided in the Act.