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How to fill out the Ndh 1 online
The Ndh 1 form is essential for complying with statutory requirements under the Nidhi Rules, 2014. This guide will provide thorough instructions on how to accurately fill out the Ndh 1 online, ensuring that all necessary information is submitted correctly.
Follow the steps to complete the Ndh 1 form online.
- Press the ‘Get Form’ button to retrieve the Ndh 1 form and open it in your digital editor.
- Enter the Corporate Identification Number (CIN) of your Nidhi in the designated field.
- Provide the following information in the corresponding fields: (a) the name of the Nidhi, (b) the address of the registered office, (c) an email address, if applicable, and (d) a phone number.
- Fill out the subscriber and member details: (a) the number of subscribers to the Memorandum, (b) the number of members admitted from incorporation until the end of the first financial year, (c) the number of people who ceased to be members by that date, and (d) the total number of members at the end of the first financial year.
- Indicate whether the number of members at the end of the first financial year is 200 or more by selecting yes or no.
- If you selected 'No' in the previous step, indicate whether an application for an extension of time has been made to the Registrar by selecting yes or no. If yes, provide the SRN of the application.
- Complete the financial details by providing the paid-up equity share capital, free reserves, less accumulated losses, other intangible assets (with a breakdown), and calculating the net owned funds.
- Input details about unencumbered term deposits: (a)(i) deposits in scheduled commercial banks, (ii) deposits in Post Office, followed by calculating the total unencumbered term deposits.
- Provide the deposits outstanding at the close of business on the last working day of the second preceding month and calculate the percentage of (a)/(b).
- Indicate the ratio of net owned funds to deposits.
- In the verification section, confirm your authorization to sign the form and acknowledge that all requirements have been complied with, including accuracy of the information provided.
- The form must be digitally signed by the person designated, including their DIN.
- A professional (Chartered Accountant, Cost Accountant, or Company Secretary) must certify the form, confirming their engagement and verifying the information against original records.
- After completing all sections and verifying the information, you can save changes, download, print, or share the filled Ndh 1 form.
Complete your Ndh 1 form online today and ensure your compliance with statutory requirements.
NDH 1 is a crucial document for Nidhi companies that outlines their financial health and operational details to regulatory authorities. By accurately filing NDH 1, companies demonstrate their commitment to legal compliance and transparency. This filing is integral to building solid relationships with stakeholders while maintaining a responsible business image.
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