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Nidhi Amendment Rules 2019 – All About NDH-4 – Meaning, procedure and filings

Nidhi-Company-Rules-and-Regulations

Nidhi-Company-Rules-and-Regulations

If you are running a Nidhi Company and are already frustrated with the amount of compliance you face, we have bad news for you. The government of India has amended the original Nidhi rules 2014 through Nidhi (amendment) rules 2019. With new rules, the government has also introduced a brand new compliance form, NDH 4 which is required to be filed by every Nidhi Company.

Let us understand all about NDH – 4.

What is NDH – 4 form?

NDH – 4 is the recently introduced compliance form under Nidhi (amendment) rules, 2019. The form has been introduced by the government to make sure that every Nidhi Company must declare that it has been complying with all the prescribed rules and regulations to the government.


Claim status of Nidhi and Not incorporation after 15th August 2019

The new Nidhi rules have changed the basic status of Nidhi Companies. Now, companies have to claim the Nidhi status by filing an NDH-4 form instead of registration. It is one of the most important changes because if it in case a company does not follow the Nidhi rules, then it will lose the Nidhi status.
 

When to file – Due date for filing NDH–4?

The due date for filing the NDH-4 form is as follows;

ParticularsDue date
For every new Nidhi companyWithin sixty days after the expiry of one year from the date of its incorporation
For every existing companyWithin a period of one year from its date of incorporation OR within a period of six months from the date of commencement of Nidhi rules 2019, whichever is later
The due date for filing NDH–4


Content of NDH-4 form

The content of NDH-4 is important because, through this, the government will be looking at the important aspects of Nidhi rule, 2014 and if any deviation is found from the rules, the penal actions or Nidhi status cancellation may come into play.

Therefore it is important to understand all the required information of the NDH 4 form;


Conclusion

This form is one of the most important forms because the government will be keeping eye on your activity through this form. So, be alert, comply and file NDH 4 form on time.

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