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Ready to Close Your Nidhi Company in Solapur?
Complete member deposit settlement, NDH compliance clearance, and Form STK-2 filing. Expert CA/CS support from ₹7,999.
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Here's How It Works
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Fill the Form
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02
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Our startup expert will connect with you & complete legalities.
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Close Your Nidhi Company
Voluntary strike off under Section 248 of the Companies Act, 2013 read with Nidhi Rules, 2014. We handle everything.
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Nidhi Company Closure Package in Solapur
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Member Deposit Settlement Coordination
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Board Resolution & EGM Special Resolution
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Closing a Nidhi Company in Solapur is the legal process of removing the company from the Ministry of Corporate Affairs (MCA) register under Section 248 of the Companies Act, 2013 read with Section 406 and the Nidhi Rules, 2014. A Nidhi Company is a type of NBFC that operates as a mutual benefit society, accepting deposits from and lending only to its members. Due to member deposits, Nidhi closure requires additional steps compared to a standard Private Limited Company strike off.
The preferred closure route is voluntary strike off via Form STK-2, which takes 4 to 8 months for a compliant Nidhi Company. The process involves settling all member deposits (fixed, recurring, and savings), clearing pending NDH-1 and NDH-3 filings, passing a special resolution with 75% majority, and filing STK-2 with the ROC. Government fee is ₹5,000 to ₹10,000.
Solapur is one of India's active business centers in India. Based on our experience with 500+ company closures across India, IncorpX provides end-to-end Nidhi Company closure services in Solapur starting at ₹7,999. Our service covers deposit settlement coordination, NDH compliance clearance, resolution drafting, affidavit and indemnity bond preparation on India stamp paper, Form STK-2 e-filing, and post-filing gazette monitoring. Our team of practicing Chartered Accountants (CAs) and Company Secretaries (CSs) ensures your DIN is protected throughout the process, with an average completion time of 4.5 months for compliant Nidhis.
Nidhi Company vs Private Limited Closure
Unlike a standard Pvt Ltd closure (2 to 4 months), a Nidhi Company must settle all member deposits before filing STK-2. The deposit settlement phase alone takes 4 to 12 weeks depending on member count and deposit volume. Additionally, Nidhi-specific forms NDH-1 and NDH-3 must be filed alongside regular AOC-4 and MGT-7 returns.
What is Nidhi Company Strike Off?
Nidhi Company Strike Off is the voluntary removal of a Nidhi Company's name from the Register of Companies under Section 248(2) of the Companies Act, 2013. The company applies using Form STK-2 on the MCA V3 portal after meeting all preconditions: no business operations for 2 consecutive financial years, all member deposits settled, nil assets and liabilities, and all statutory filings current.
A Nidhi Company, defined under Section 406, is a mutual benefit society that accepts deposits exclusively from its members and lends only to them. It must maintain a minimum of 200 members, a Net Owned Fund (NOF) of ₹20 lakh, and a deposit-to-NOF ratio not exceeding 1:20 as per Nidhi Rules, 2014. Before closure, every member deposit must be returned with interest, and every outstanding loan must be recovered.
Key facts about Nidhi Company Strike Off:
Legal basis: Section 248(2) Companies Act, 2013 read with Section 406 and Nidhi Rules, 2014.
Deposit settlement is mandatory: All fixed deposits, recurring deposits, and savings balances must be repaid before STK-2 filing.
NDH compliance clearance: All pending NDH-1 (annual) and NDH-3 (half-yearly) must be filed with late fees at ₹100/day/form.
Timeline: 4 to 8 months for compliant Nidhis; 6 to 10 months for non-compliant.
Reversible: A struck off Nidhi can be revived within 20 years via Form STK-5 with NCLT under Section 252.
Methods to Close a Nidhi Company
The Companies Act, 2013 provides three routes for closing a Nidhi Company. The choice depends on deposit settlement status, compliance history, and complexity:
Feature
Voluntary Strike Off (STK-2)
NCLT Winding Up
ROC Suo Motu Strike Off
Governing Section
Section 248(2)
Section 271-274
Section 248(1)
Initiated By
Company (directors + shareholders)
Company, creditors, or members
ROC (on its own motion)
Suitable For
All deposits settled, nil liabilities
Deposits cannot be fully repaid
Not voluntary (regulatory action)
Timeline
4 to 8 months
1 to 3 years
ROC-driven (no control)
Cost
₹15,000 to ₹35,000
₹1,00,000 to ₹3,00,000+
Late filing penalties only
Director DIN Impact
DIN remains active
DIN remains active
DIN deactivated (5-year ban)
Revival Possible
Yes, within 20 years (NCLT)
No (dissolution is final)
Yes, within 20 years (NCLT)
Member Deposits
Must be settled before filing
Liquidator settles from assets
Deposits remain unpaid (risk)
Recommended Approach
For most Nidhi Companies with settled deposits, Voluntary Strike Off via STK-2 is the recommended route. It is faster, cheaper, and protects director DINs. IncorpX specializes in STK-2 closures and handles all formalities end-to-end.
Member Deposit Settlement - The Critical Step
Deposit settlement is the most critical and time-consuming phase of Nidhi Company closure. Unlike a regular company, a Nidhi must repay every rupee of member deposits before the ROC will accept Form STK-2. Directors face criminal prosecution under Section 447 (fraud) if deposits remain outstanding at closure.
Types of deposits to be settled:
Fixed Deposits (FD): Return principal + accrued interest. Pre-mature closure may require paying the contracted rate or a penalty-adjusted rate.
Recurring Deposits (RD): Return all installments received + interest. Calculate interest at the contracted rate.
Savings Deposits: Return the full savings balance + any accrued interest.
Outstanding Loans: Recover all loans issued to members. Adjust against their deposits where authorized in writing.
Deposit Settlement Case Studies
Case A: Compliant Nidhi (50 Members, ₹8 Lakh Deposits)
A Nidhi Company with 50 active members holding ₹8 lakh in total deposits. NOF of ₹22 lakh (sufficient). All NDH forms filed. Settlement time: 4 to 6 weeks. Individual notices sent to members, deposits returned via bank transfer, signed acknowledgment letters collected. STK-2 filed within 3 months of starting the process.
Case B: Partially Compliant Nidhi (150 Members, ₹35 Lakh Deposits)
A Nidhi with 150 members, ₹35 lakh deposits, and 2 years of pending NDH-1 filings. NOF of ₹25 lakh (insufficient to cover all deposits from own funds). Settlement time: 8 to 12 weeks. Required loan recovery from 40+ borrowing members first. NDH compliance cleared with ₹73,000 in late fees. Total closure timeline: 6 months.
Case C: Non-Compliant Nidhi (200+ Members, ₹80 Lakh Deposits)
A Nidhi with 200+ members, ₹80 lakh in deposits, 3+ years of unfiled returns, and NOF below ₹20 lakh. STK-2 not viable as deposits cannot be fully repaid from company assets. Referred to NCLT winding up under Section 271 where a court-appointed liquidator settles claims from available assets. Timeline: 1 to 3 years. Cost: ₹1,00,000 to ₹3,00,000+.
Warning: Criminal Liability for Unrepaid Deposits
Directors who file STK-2 without fully settling member deposits face criminal prosecution under Section 447 (fraud) of the Companies Act, 2013, with imprisonment up to 10 years and fine up to 3 times the fraud amount. Always complete deposit settlement with signed acknowledgment letters before initiating the closure process. Based on IncorpX's data, 35% of STK-2 rejections from other firms occur due to incomplete deposit settlement documentation.
Step-by-Step Process to Close a Nidhi Company
The voluntary strike off process for a Nidhi Company follows 10 steps under Section 248 of the Companies Act, 2013 read with Nidhi Rules, 2014:
Step 1: Assess Eligibility and Review Member Deposits
Verify Section 248 conditions: no business operations for 2 consecutive financial years. Review the complete member deposit register (FDs, RDs, savings). Assess the Net Owned Fund (NOF) position. Check for pending liabilities, outstanding loans, and government investigations. Prepare a settlement plan for all deposits.
Step 2: Settle All Member Deposits and Recover Loans
Repay every member deposit including fixed deposits (with interest), recurring deposits, and savings balances. Recover all outstanding loans from borrowing members. Prepare detailed settlement receipts and obtain signed acknowledgment letters from every member. This is the longest phase: 4 to 12 weeks.
Step 3: File All Pending Statutory and NDH Returns
Clear all overdue filings: Form AOC-4 (financial statements), Form MGT-7 (annual return), NDH-1 (annual Nidhi return), NDH-3 (half-yearly return), ITR-6, and GST returns. Late filing fees of ₹100 per day per form apply. Cancel GST via Form REG-16 on the GST portal and file GSTR-10 (final return).
Step 4: Dispose of Assets, Settle Liabilities, Close Bank Accounts
Pay all outstanding debts (vendor dues, statutory liabilities). Transfer or liquidate company assets. Close bank accounts and obtain closure certificates. Achieve nil assets and nil liabilities status required for STK-2.
Step 5: Conduct Board Meeting and Pass Resolution
Convene a Board of Directors meeting. Pass resolution authorizing the voluntary strike off application, calling an EGM, and designating a director to sign and file Form STK-2.
Step 6: Hold EGM and Pass Special Resolution (75% Majority)
Issue 21 clear days notice to all shareholders and members. Conduct the EGM where shareholders pass a special resolution with 75% majority approving the strike off. File Form MGT-14 with the ROC within 30 days.
Step 7: Prepare Indemnity Bond, Affidavit, and Deposit Statement
Prepare the indemnity bond on non-judicial stamp paper (as per India stamp duty rates) signed by all directors. Draft and notarize directors' affidavits. Prepare the CA-certified statement of accounts (not older than 30 days) and the comprehensive deposit settlement statement.
Step 8: File Form STK-2 on MCA V3 Portal
File Form STK-2 electronically with all attachments: board resolution, special resolution, indemnity bonds, affidavits, statement of accounts, deposit settlement statement, member acknowledgment letters, and creditor NOCs. Digitally signed using director's Class 3 DSC and certified by a practicing CA/CS. Government fee: ₹5,000 to ₹10,000.
The ROC publishes a notice in the Official Gazette and on the MCA portal. Members, creditors, and interested parties get 30 days to raise objections. For Nidhi Companies, members with unsettled deposits can block the strike off during this window.
Step 10: ROC Issues Final Strike Off Order
After 30 days with no valid objections, the ROC issues the final strike off order under Section 248. The Nidhi Company's name is removed from the register, the CIN is permanently deactivated, and the company ceases to exist. Directors receive confirmation and their DINs remain active.
Expert CA/CS team. From ₹7,999. 4 to 8 months.
Nidhi Company Closure Timeline in Solapur
The total timeline for closing a Nidhi Company in Solapur is 4 to 8 months for a compliant company. Non-compliant Nidhis take 6 to 10 months. Here is the phase-wise breakdown:
Member notices, FD/RD/savings repayment, loan recovery, signed acknowledgment letters
Phase 3: Tax Closures
1 to 2 weeks
GST cancellation (REG-16), GSTR-10 final return, final ITR filing
Phase 4: Resolutions
3 to 4 weeks
Board resolution, 21-day EGM notice, special resolution (75%), MGT-14 filing
Phase 5: Document Preparation
3 to 5 days
Indemnity bond on India stamp paper, affidavit, statement of accounts, deposit statement
Phase 6: STK-2 Filing & Gazette
8 to 13 weeks
STK-2 e-filing, 30-day gazette notice, ROC processing, final strike off order
Documents Required for Nidhi Company Closure
Complete checklist of documents for Nidhi Company STK-2 filing:
Category
Document
Details
Director Documents
PAN Card
All directors' PAN cards
Aadhaar Card
All directors' Aadhaar for KYC
Class 3 DSC
Valid digital signature of authorized director
Company Documents
Certificate of Incorporation
Original COI with CIN
MOA & AOA
Memorandum and Articles of Association
Audited Financial Statements
Latest Balance Sheet, P&L, Cash Flow Statement
Nidhi-Specific
Member Deposit Register
Complete register of all FD, RD, and savings deposits
Deposit Settlement Receipts
Individual receipts for each member's deposit return
Member Acknowledgment Letters
Signed letters from each member confirming deposit receipt
Closure Documents
Board Resolution
Authorizing strike off application
Special Resolution (EGM)
75% majority approval for voluntary dissolution
Indemnity Bond
On India stamp paper, signed by all directors
Affidavit
Notarized director affidavit verifying all facts
Statements
Statement of Accounts
CA-certified, not older than 30 days from STK-2 date
Deposit Settlement Statement
Comprehensive statement showing every deposit repaid
Bank Closure Certificate
Confirmation of company bank account closure
Tax Documents
GST Cancellation Certificate
REG-16 cancellation + GSTR-10 final return
ITR Acknowledgment
Final income tax return acknowledgment
Pro Tip: Document Management
Maintain digital scans of all documents in a single folder before starting the STK-2 filing. The MCA V3 portal accepts PDF uploads up to 6 MB per attachment. Prepare the CA-certified statement of accounts last (it must not be older than 30 days from filing date). IncorpX provides a pre-formatted document checklist to all Nidhi closure clients in Solapur.
NDH Form Compliance Before Closure
All pending Nidhi-specific compliance forms must be filed before the ROC will accept Form STK-2. Late filing fees of ₹100 per day per form apply:
Form
Full Name
Filing Frequency
Due Date
Purpose
NDH-1
Return of Statutory Compliances
Annual
Within 90 days of FY end
Confirms compliance with Nidhi Rules (membership, NOF, deposit ratio)
NDH-2
Application for Time Extension
As needed
Before deadline expires
Request extension for meeting minimum member/NOF requirements
NDH-3
Half-Yearly Return
Every 6 months
Within 30 days of half-year end
Reports deposit, loan, and financial data
NDH-4
Declaration of Compliance
Once (post-incorporation)
Within 90 days of incorporation
Declares compliance with Nidhi requirements after incorporation
Penalty Example
A Nidhi Company that has not filed NDH-1 and NDH-3 for 3 years faces: NDH-1 penalties = 3 forms x ~₹1,095 days x ₹100 = ₹3,28,500. NDH-3 penalties = 6 forms x ~₹1,095 days x ₹100 = ₹6,57,000. Combined with AOC-4 and MGT-7 penalties, total can exceed ₹15 lakh. Early closure prevents this accumulation.
Cost to Close a Nidhi Company in Solapur (2026)
The total cost for closing a Nidhi Company in Solapur depends on compliance status and deposit complexity:
Component
Compliant Nidhi
Non-Compliant Nidhi
Government Fee (STK-2)
₹5,000 to ₹10,000
₹5,000 to ₹10,000
Form MGT-14 Fee
₹500 to ₹1,000
₹500 to ₹1,000
Late Filing Penalties
Nil
₹20,000 to ₹5,00,000+
Stamp Duty (India)
Affidavit: ₹10 to ₹100 | Indemnity Bond: ₹100 to ₹500 (as per India Stamp Act)
Notarization
₹500 to ₹1,500
₹500 to ₹1,500
DSC Renewal (if expired)
₹800 to ₹2,000/director
₹800 to ₹2,000/director
Professional Fee (IncorpX)
From ₹7,999
From ₹15,000
Total Estimate
₹15,000 to ₹35,000
₹35,000 to ₹75,000+
State-Wise Stamp Duty for Closure Documents
Stamp duty for affidavit and indemnity bond varies by state. In India, the rates are as per the India Stamp Act:
State
Affidavit Stamp Duty (₹)
Indemnity Bond Stamp Duty (₹)
Maharashtra
₹100
₹500
Tamil Nadu
₹20
₹100
Delhi
₹10
₹100
Karnataka
₹20
₹200
Telangana / Andhra Pradesh
₹20
₹200
Gujarat
₹20
₹100
Uttar Pradesh
₹10
₹100
West Bengal
₹10
₹100
Rajasthan
₹10
₹100
NCLT Winding Up Cost
If deposits cannot be fully repaid and NCLT winding up is required under Section 271-274, costs range from ₹1,00,000 to ₹3,00,000+ including NCLT filing fees (₹5,000+), liquidator fees, and legal representation. Timeline: 1 to 3 years.
Government Fee Comparison by Company Type
How Nidhi Company closure fees compare with other company types:
Company Type
STK-2 Fee
Additional Filings
Total Govt Cost (Est.)
Typical Timeline
Nidhi Company
₹5,000 to ₹10,000
NDH-1, NDH-3, AOC-4, MGT-7, MGT-14
₹8,000 to ₹15,000
4 to 8 months
Private Limited
₹5,000 to ₹10,000
AOC-4, MGT-7, MGT-14
₹6,000 to ₹12,000
2 to 4 months
LLP
₹5,000 to ₹10,000
Form 8, Form 11
₹5,000 to ₹10,000
2 to 3 months
Section 8 Company
₹5,000 to ₹10,000
AOC-4, MGT-7, MGT-14, Regional Director NOC
₹10,000 to ₹20,000
6 to 12 months
Red Flags That Your Nidhi Company Needs Closure
Below 200 Members
Cannot meet the minimum 200-member requirement under Rule 5 of Nidhi Rules, 2014. Non-compliance triggers MCA scrutiny.
NOF Below ₹20 Lakh
Net Owned Fund fallen below the ₹20 lakh minimum. Deposit-to-NOF ratio exceeding 1:20 creates regulatory risk.
NDH Forms Overdue 2+ Years
Pending NDH-1 and NDH-3 filings accumulating ₹100/day/form in penalties. Total can exceed ₹10 lakh over 3 years.
Zero Lending Activity
No new loans disbursed in 12+ months. Deposit income insufficient to cover operational costs and compliance burden.
Director/Promoter Disputes
Irreconcilable differences among promoters. Deadlock in board decisions preventing compliance filings.
MCA Show-Cause Notice Received
ROC has issued notice for non-compliance. Suo motu strike off imminent. Voluntary closure protects DINs.
Consequences of Not Closing Your Nidhi Company
Abandoning a Nidhi Company without proper closure has severe consequences, amplified by the deposit-taking nature of the business:
Consequence
Legal Basis
Impact
Director Disqualification
Section 164(2), Companies Act
Cannot hold directorship in any company for 5 years. DIN deactivated.
Criminal Prosecution
Section 447 (Fraud)
If member deposits remain unpaid. Imprisonment up to 10 years and fine.
Penalty Accumulation
Section 403, Companies Act
₹100/day/form for NDH-1, NDH-3, AOC-4, MGT-7. Can exceed ₹15 lakh over 3 years.
Member Complaints
Nidhi Rules + Consumer Protection Act
Members can file complaints with ROC, NCLT, and consumer forums for deposit recovery.
Personal Liability
Section 248(5), Companies Act
Directors personally liable for company debts and deposit repayment even after strike off.
Existing directorships in other companies vacated. Cannot serve as director anywhere.
Critical Warning
Nidhi Companies face stricter consequences than regular companies due to member deposits. Members can file criminal complaints for misappropriation. Directors face personal prosecution under Section 447 (fraud) with imprisonment up to 10 years. Voluntary closure via STK-2 is the only way to protect your DIN and avoid criminal liability.
STK-2 vs NCLT: Choosing the Right Closure Route
Detailed comparison to help you choose between voluntary strike off and NCLT winding up:
Parameter
Voluntary Strike Off (STK-2)
NCLT Winding Up (Section 271)
When to Choose
All deposits settled, nil liabilities, compliant
Deposits cannot be repaid, disputes exist
Authority
Registrar of Companies
National Company Law Tribunal
Form/Petition
Form STK-2 on MCA V3 portal
Winding Up Petition before NCLT
Timeline
4 to 8 months
1 to 3 years
Cost
₹15,000 to ₹35,000
₹1,00,000 to ₹3,00,000+
Liquidator
Not required
NCLT appoints official liquidator
Deposit Handling
Settled by directors before filing
Distributed by liquidator per priority
Legal Representation
CA/CS certification sufficient
Advocate required for NCLT hearings
Director DIN
Remains active
Remains active
Revival Possible
Yes, within 20 years (NCLT)
No, dissolution is final
Common Mistakes During Nidhi Company Closure
Filing STK-2 Before Settling Deposits
ROC will reject the application if any member deposits are outstanding. Always complete deposit settlement with signed acknowledgment letters first.
Ignoring NDH Form Backlog
Pending NDH-1 and NDH-3 must be filed before STK-2. Late fees at ₹100/day/form accumulate rapidly. Clear the backlog early to minimize penalties.
Not Getting Member Acknowledgment Letters
Verbal confirmations are insufficient. Obtain signed, dated acknowledgment letters from every member confirming receipt of their deposit. These are mandatory STK-2 attachments.
Forgetting GST Cancellation
If your Nidhi has GST registration, cancel it via Form REG-16 and file GSTR-10 (final return) before STK-2. ROC may reject the application without GST cancellation proof.
Leaving the Nidhi Dormant Instead of Closing
An inactive Nidhi with deposits accumulates penalties and risks ROC suo motu strike off, which leads to 5-year director disqualification. Voluntary closure protects DINs.
Stale Statement of Accounts
The CA-certified statement of accounts must be not older than 30 days from the STK-2 filing date. Prepare it just before filing, not months in advance.
Why Choose IncorpX for Nidhi Company Closure in Solapur?
Nidhi Closure Specialists
Dedicated team experienced in Nidhi Company closures. We understand the unique deposit settlement, NDH compliance, and member coordination requirements.
Transparent Pricing from ₹7,999
No hidden charges. Detailed cost estimate after initial assessment. Government fees and stamp duty charged at actuals.
Deposit Settlement Coordination
We coordinate with members for deposit returns, prepare settlement receipts, and collect signed acknowledgment letters.
Expert CA/CS Team
Practicing CAs and CSs handle all filings, certifications, and ROC coordination. Free refiling if STK-2 is rejected due to our error.
Complete NDH Compliance Clearance
We file all pending NDH-1, NDH-3, AOC-4, and MGT-7 returns. Late fee calculation and penalty estimation included.
DIN Protection Guarantee
We ensure voluntary closure via STK-2 so your Director Identification Number remains active. No risk of Section 164(2) disqualification.
Annual director KYC to keep your DIN active. From ₹499.
FAQs on Closing a Nidhi Company in Solapur
Frequently asked questions about Nidhi Company closure in Solapur, covering process, costs, timelines, and location-specific requirements:
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) defined under Section 406 of the Companies Act, 2013. It functions as a mutual benefit society that accepts deposits from and lends only to its members. Nidhi Companies must maintain a minimum of 200 members and a Net Owned Fund of ₹20 lakh as per Nidhi Rules, 2014.
Section 248 of the Companies Act, 2013 provides the legal framework for voluntary removal (strike off) of a company's name from the Register of Companies. A Nidhi Company can apply using Form STK-2 after settling all member deposits. The ROC publishes a 30-day gazette notice before final strike off. Government fee ranges from ₹5,000 to ₹10,000.
Form STK-2 is the MCA form used for voluntary strike off of a company under Section 248 of the Companies Act, 2013. For Nidhi Companies, it must be filed with the deposit settlement statement, member acknowledgment letters, affidavit, indemnity bond, and statement of accounts. Government fee is ₹5,000 to ₹10,000 based on authorised capital.
Net Owned Fund (NOF) is the total paid-up equity capital plus free reserves minus accumulated losses and intangible assets. Nidhi Rules, 2014 require a minimum NOF of ₹20 lakh for existing Nidhis (revised by 2022 amendment). During closure, the NOF position determines whether the company can repay all member deposits from its own funds or needs NCLT winding up.
NDH forms are Nidhi-specific compliance returns filed with the MCA. NDH-1 is the annual return of statutory compliances filed within 90 days of each financial year end. NDH-3 is the half-yearly return filed every 6 months. NDH-2 is for seeking time extension. NDH-4 is the declaration filed within 90 days of incorporation.
Generally, RBI NOC is not required for Nidhi Company closure. Nidhi Companies are exempt from core RBI provisions under Section 406 of the Companies Act, 2013. However, if the Nidhi Company had any dealing that brought it under direct RBI regulation (rare), an NOC may be needed. Consult a CA or CS to confirm your specific case.
An indemnity bond is a legal document where all directors personally guarantee to indemnify the ROC against any future liabilities that may arise after the company is struck off. For Nidhi Companies, it specifically includes a member deposit indemnity clause. The bond is executed on stamp paper worth ₹100 to ₹500 depending on state.
Yes. After the ROC publishes the gazette notice for 30 days, any member or creditor can file an objection. For Nidhi Companies, this risk is higher because members with unsettled deposits can block the strike off. That is why complete deposit settlement and obtaining signed member acknowledgment letters before filing STK-2 is critical.
After successful voluntary strike off via STK-2, directors' DIN remains active and they can continue serving as directors in other companies. However, if the ROC initiates suo motu strike off under Section 248(1) due to non-compliance, directors face disqualification under Section 164(2) for 5 years and their DIN is deactivated.
A special resolution requires 75% or more majority of shareholders voting in favour at an Extraordinary General Meeting (EGM). For Nidhi closure, a 21-day advance notice must be sent to all members. The resolution authorizes the board to file Form STK-2. It must be filed with the ROC via Form MGT-14 within 30 days.
Yes. A struck off Nidhi Company can be revived by filing Form STK-5 (application for restoration) with the NCLT within 20 years of the strike off date, as per Section 252 of the Companies Act, 2013. The applicant must demonstrate that the company was carrying on business or had pending deposits at the time of strike off. NCLT filing fees start at ₹5,000.
Close a Nidhi Company through voluntary strike off under Section 248(2) of the Companies Act, 2013 read with Nidhi Rules, 2014: (1) assess the member deposit register and verify the Net Owned Fund position, (2) settle all member deposits including fixed deposits, recurring deposits, and savings balances with documented receipts, (3) obtain signed acknowledgment letters from every member, (4) recover all outstanding loans, (5) file all pending NDH-1, NDH-3, AOC-4, and MGT-7 with the MCA V3 portal, (6) cancel GST via Form REG-16 and file GSTR-10, (7) file final income tax return, (8) hold board meeting and pass resolution, (9) hold EGM and pass special resolution with 75% majority, (10) file Form MGT-14 within 30 days, (11) prepare affidavit and indemnity bond on stamp paper, and (12) e-file Form STK-2 on the MCA V3 portal. Government fee: ₹5,000 to ₹10,000. ROC publishes a 30-day gazette notice. Total timeline: 4 to 8 months. Professional fee at IncorpX starts at ₹7,999.
Voluntary strike off via Form STK-2 takes 4 to 8 months for a compliant Nidhi Company. Phase-wise breakdown: Assessment and compliance clearance: 1 to 4 weeks. Deposit settlement: 4 to 12 weeks (the longest phase). Tax closures: 1 to 2 weeks. Resolutions: 3 to 4 weeks (including 21-day EGM notice). Document preparation: 3 to 5 working days. STK-2 filing and gazette: 8 to 13 weeks. Non-compliant Nidhis with 3+ years of pending returns take 6 to 10 months. NCLT winding up for complex cases takes 1 to 3 years.
Yes. If your Nidhi Company holds a GST registration, you must apply for cancellation via Form REG-16 on the GST portal before filing STK-2. After cancellation approval, file GSTR-10 (final return) within 3 months. Attach the GST cancellation certificate to your STK-2 application. Failure to cancel GST can result in the ROC rejecting your strike off.
Yes. File the final income tax return for the current assessment year before filing Form STK-2. The return must reflect the company's income up to the date of cessation of business. Attach the ITR acknowledgment to STK-2. Additionally, clear all pending tax demands and obtain a tax clearance if applicable.
Yes. All directors of the Nidhi Company must sign the indemnity bond personally. The bond is executed on non-judicial stamp paper (value varies by state, ₹100 to ₹500) and notarized. Each director indemnifies the ROC against any liabilities arising after strike off, including unpaid member deposits. Directors remain personally liable under Section 248(5).
Total cost for a compliant Nidhi Company strike off: ₹15,000 to ₹35,000 (government fee ₹5,000 to ₹10,000 + professional fee from ₹7,999 + stamp duty ₹110 to ₹600 + notarization ₹500 to ₹1,500). For a non-compliant Nidhi with pending filings: ₹35,000 to ₹75,000+ due to late filing penalties at ₹100 per day per form. NCLT winding up costs ₹1,00,000 to ₹3,00,000+.
The government fee for filing Form STK-2 is ₹5,000 for companies with authorised share capital up to ₹1 lakh, and up to ₹10,000 for higher capital. Additional fees include ₹500 to ₹1,000 for Form MGT-14 (special resolution filing). Late filing penalties for overdue NDH-1, NDH-3, AOC-4, and MGT-7 are ₹100 per day per form.
Late filing penalty for NDH-1 and NDH-3 is ₹100 per day per form from the due date until the filing date. For a Nidhi Company that has not filed for 3 years, penalties can accumulate to ₹50,000+ per form. NDH-1 is due within 90 days of financial year end. NDH-3 is due every 6 months. All overdue filings must be cleared before STK-2.
Yes. A Nidhi Company with nil assets and liabilities (no pending deposits, no outstanding loans, no debts) is the easiest to close via STK-2. You still need to file all pending annual returns (AOC-4, MGT-7, NDH-1, NDH-3), pass a special resolution, and complete the affidavit and indemnity bond. Timeline is typically 3 to 5 months in such cases.
Yes. After successful voluntary strike off via STK-2, directors retain their DIN and can immediately incorporate a new company, including another Nidhi Company, Private Limited, LLP, or OPC. However, if your Nidhi was struck off by the ROC suo motu, directors face 5-year disqualification under Section 164(2) and cannot hold any directorship during that period.
Strike off (Section 248) is a simpler process via Form STK-2 that takes 4 to 8 months and costs ₹15,000 to ₹35,000. Winding up (Section 271-274) goes through NCLT, takes 1 to 3 years, and costs ₹1,00,000 to ₹3,00,000+. Strike off suits Nidhis with all deposits settled and nil liabilities. Winding up is mandatory when deposits cannot be fully repaid.
Both use Form STK-2 under Section 248, but Nidhi closure requires additional steps: (1) complete member deposit settlement with receipts, (2) NDH-1 and NDH-3 compliance clearance, (3) member acknowledgment letters, (4) deposit settlement statement, and (5) potential member objections during gazette notice. A Pvt Ltd with no deposits typically closes in 2 to 4 months vs 4 to 8 months for Nidhi. For Pvt Ltd closure details, see our Pvt Ltd Company Closure Service.
To close a Nidhi Company registered in Solapur, file Form STK-2 with the ROC India office through the MCA V3 portal. The process follows the same national framework under Section 248 of the Companies Act, 2013 read with Nidhi Rules, 2014. In India, stamp duty for the affidavit is ₹10 to ₹100 and for the indemnity bond is ₹100 to ₹500 depending on state rates. All filings for Nidhi Companies with registered offices in Solapur are routed electronically to the jurisdictional ROC. IncorpX provides Nidhi closure services in Solapur starting at ₹7,999 with complete deposit settlement coordination.
The total cost for closing a compliant Nidhi Company in Solapur includes: government fee for STK-2 (₹5,000 to ₹10,000), Form MGT-14 fee (₹500 to ₹1,000), stamp duty as per India Stamp Act for affidavit and indemnity bond, notarization (₹500 to ₹1,500), DSC renewal if expired (₹800 to ₹2,000 per director), and professional fee from ₹7,999 at IncorpX. Total estimate for a compliant Nidhi in India: ₹15,000 to ₹35,000. Non-compliant Nidhis with pending NDH-1, NDH-3, AOC-4, and MGT-7 filings cost ₹35,000 to ₹75,000+ due to late penalties at ₹100/day/form.
Nidhi Company closures with a registered office address in Solapur are processed by the Registrar of Companies (ROC), India. All Form STK-2 applications, NDH-1, NDH-3, AOC-4, and MGT-7 filings for companies in Solapur are submitted electronically through the MCA V3 portal and routed to the jurisdictional ROC office. The Corporate Identification Number (CIN) of your Nidhi Company contains the state code for India. IncorpX coordinates directly with the ROC India for all Solapur-based closures.
Stamp duty for Nidhi Company closure documents in India is charged as per the India Stamp Act. Affidavit stamp duty ranges from ₹10 to ₹100 depending on state. Indemnity bond stamp duty ranges from ₹100 to ₹500. For reference: Maharashtra charges ₹100 (affidavit) and ₹500 (bond, highest in India). Tamil Nadu charges ₹20 and ₹100. Delhi charges ₹10 and ₹100. Karnataka charges ₹20 and ₹200. Notarization costs an additional ₹500 to ₹1,500 in Solapur.
Before closing a Nidhi Company in India, you must clear all state-level obligations in addition to central MCA filings:
India Professional Tax: Clear any outstanding PT dues and file final PT returns if the company had employees or paid director remuneration.
India Shop and Establishment Act: Surrender the registration certificate if obtained.
India State GST: Cancel SGST registration through the GST portal via Form REG-16.
Labour Welfare Fund: Clear any pending contributions applicable in India.
Nidhi Company strike off in Solapur follows the same national timeline: 4 to 8 months for a compliant Nidhi with settled deposits. The deposit settlement phase (4 to 12 weeks) depends on your member count and deposit volume. After STK-2 filing through the MCA V3 portal, the ROC India publishes a 30-day gazette notice for objections before issuing the final strike off order. Processing times at the ROC India are consistent with national averages. IncorpX's average completion time for compliant Nidhis in India is 4.5 months.
If the ROC India initiates suo motu strike off of your Nidhi Company under Section 248(1) due to inactivity for 2+ years or non-filing, all directors face 5-year disqualification under Section 164(2). Their DIN is deactivated, they cannot hold directorship in any company across India, and personal liability for unrepaid member deposits persists under Section 248(5). Directors in Solapur should file voluntary STK-2 proactively to protect their DIN. Maintain your DIR-3 KYC filing while the closure is processed.
IncorpX's Nidhi Company closure service in Solapur starting at ₹7,999 includes: (1) initial assessment of deposit register, NOF position, and compliance history, (2) member deposit settlement coordination with acknowledgment letters, (3) NDH-1 and NDH-3 compliance clearance on MCA V3 portal, (4) AOC-4 and MGT-7 backlog filings, (5) GST cancellation via Form REG-16 and GSTR-10 final return, (6) board resolution and EGM special resolution drafting, (7) affidavit and indemnity bond preparation on India stamp paper at applicable rates, (8) CA-certified statement of accounts, (9) deposit settlement statement creation, (10) Form STK-2 e-filing, and (11) post-filing gazette monitoring. Government fees and stamp duty charged at actuals. Guarantee: Free refiling if STK-2 is rejected due to IncorpX error.
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