Nidhi Company Winding Up and Closure Services
A Nidhi Company is a special type of Non-Banking Financial Company (NBFC) formed under Section 406 of the Companies Act, 2013 for encouraging mutual savings and lending among its members. It accepts deposits only from members and provides loans only to its own members for mutual financial benefit.
If a Nidhi Company becomes inactive, non-compliant, financially unviable, or the members voluntarily decide to discontinue operations, it must be legally wound up or struck off through proper legal procedures. Since a Nidhi Company deals with member deposits and lending activities, its closure requires careful legal compliance and complete settlement of all member obligations before final closure.
Voluntary strike-off is commonly done under Section 248 of the Companies Act, 2013 by filing Form STK-2 with the Registrar of Companies (ROC). Before filing, the company must generally repay all member deposits, recover outstanding loans, clear liabilities, close bank accounts, complete pending annual filings, and obtain at least 75% member approval through a special resolution. Form MGT-14 is commonly filed for the special resolution before STK-2 filing. Supporting documents usually include Indemnity Bond (STK-3), Affidavit (STK-4), and a CA-certified statement of accounts showing nil liabilities.
Where the company has unresolved deposits, disputes, serious liabilities, or legal complications, formal winding up through the National Company Law Tribunal (NCLT) may be required instead of simple strike-off. In such cases, legal liquidation and creditor settlement become more detailed and regulated.
RadhaPrem Legal Service provides complete professional support for Nidhi Company winding up, voluntary closure, strike-off, ROC filing, compliance settlement, and post-closure legal advisory to help businesses complete lawful and secure closure.
We assist in board resolution drafting, special resolution filing, member approval management, MGT-14 filing, STK-2 filing support, member deposit settlement guidance, loan recovery compliance, bank account closure, CA-certified financial statement preparation support, ROC approval handling, and complete legal documentation.
Whether you are closing an inactive Nidhi Company, resolving compliance issues, exiting a member-based finance business, or restructuring your financial operations, our expert legal team provides reliable and end-to-end support for secure legal closure.
Our focus is on compliance safety, member protection, liability settlement, proper documentation, and professional guidance for successful Nidhi Company winding up.
Our Nidhi Company Winding Up Services Include:
- Nidhi Company Closure and Winding Up
- Voluntary Strike-Off Through STK-2
- Board Resolution and Special Resolution Drafting
- MGT-14 and ROC Filing Support
- Member Deposit Settlement and Loan Recovery Guidance
- Indemnity Bond (STK-3) and Affidavit (STK-4) Support
- CA-Certified Statement of Accounts Preparation
- Bank Account Closure and Statutory Compliance
- NCLT Winding Up Support for Complex Cases
- Professional Legal Consultation for Nidhi Company Closure
Contact us today for trusted Nidhi Company winding up services, business closure support, and professional legal consultation for secure and successful company closure.