1. Balance Sheet and Statement of Profit and Loss
- Nidhi Companies must prepare a Balance Sheet and Profit and Loss Account annually as per Schedule III of the Companies Act, 2013
- The Balance Sheet includes share capital, reserves, member deposits, loan assets, and fixed assets
- The Profit and Loss statement shows interest income from loans, interest paid on deposits, operating expenses, and net profit
- These statements must be audited by a Chartered Accountant and approved by the Board
- They form the basis for statutory filing with the Registrar of Companies
2. Cash Flow Statement and Notes to Accounts
- Companies meeting specific thresholds must also prepare a Cash Flow Statement under Ind AS or AS-3
- It includes cash flows from operating, investing, and financing activities
- Notes to Accounts disclose key accounting policies, contingent liabilities, and detailed schedules for deposits and loans
- Related party transactions and director remuneration must be properly reported
- These details ensure financial transparency and compliance with auditing standards
3. Form AOC-4: Filing of Financial Statements
- After Board and member approval, the audited financial statements must be filed using Form AOC-4 with the ROC
- It includes balance sheet, profit and loss, cash flow, audit report, and board report
- The form must be filed within 30 days of the annual general meeting (AGM)
- The auditor’s report in Form ADT-1 and the auditor appointment status are cross-referenced
- Late filing attracts additional fees and penalties as per MCA norms
4. Form NDH-3: Half-Yearly Return
- Nidhi Companies must submit Form NDH-3 every six months, reporting deposits, loans, members, and Net Owned Funds
- The form must be certified by a Chartered Accountant, Company Secretary, or Cost Accountant
- It must be filed within 30 days from the end of each half-year (i.e., by 30th April and 31st October)
- This return helps monitor adherence to the 1:20 deposit-to-NOF ratio and 10% unencumbered term deposit rule
- The data must match the internal books and audit records
5. Other Registers and Statutory Books
- Nidhi Companies must maintain various registers such as
– Register of Members
– Register of Deposits
– Register of Loans
– Minutes Book of Board and General Meetings
– Register of Charges (if any) - These registers are not submitted online but must be maintained and produced during audits or inspections
- Regular updating ensures accuracy of reporting and supports compliance with ROC and MCA requirements
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