Yes, as per regulatory requirements, Nidhi Companies must appoint a practicing Chartered Accountant as the auditor to conduct the annual audit of financial statements.

Failure to hold an AGM within the prescribed time frame can lead to penalties and legal complications. It's essential for Nidhi Companies to convene the AGM within the statutory timelines to comply with regulatory requirements.

Yes, non-compliance with annual compliance obligations can result in penalties, legal actions, and even deregistration of the Nidhi Company. It's crucial for Nidhi Companies to fulfill their regulatory obligations to avoid such consequences.

While electronic records are permissible for certain compliance activities, statutory registers such as the Register of Members, Register of Deposits, etc., often need to be maintained physically as per the Companies Act. It's advisable for Nidhi Companies to consult with legal experts to ensure compliance with record-keeping requirements.

Yes, every registered company in India, whether private, public, or a one-person company (OPC), must file annual returns.

Yes, most annual filings can be completed online through the Ministry of Corporate Affairs (MCA) portal.

Penalties vary depending on the nature of non-compliance and the duration of delay but can range from monetary fines to disqualification of directors.

Yes, every company must appoint a qualified statutory auditor to audit its financial statements.

Typically, the responsibility falls on the secretary or a designated individual within the organization. However, in smaller groups or informal meetings, any participant may be assigned the task. The key is to ensure that the person is capable of accurately recording the proceedings.

Meeting minutes should contain essential information such as the date, time, and location of the meeting, list of attendees, agenda items, discussions held, decisions made, action items assigned, and any resolutions passed. Additionally, any relevant attachments or presentations should be referenced.

Minutes should be clear, concise, and organized in a logical manner. They should follow a consistent format, typically including headings for each agenda item, summaries of discussions, and action points. Bullet points or numbered lists are commonly used to convey information efficiently.

In India, companies are required to maintain meeting minutes for a minimum period as prescribed under the Companies Act, 2013, and any other applicable regulations. Typically, minutes should be retained for at least eight years from the date of the meeting. However, it's advisable to check specific legal requirements and organizational policies for precise retention periods.

 No, only LLPs meeting certain criteria such as turnover and capital limits are required to undergo audit.

Yes, LLPs can revise their filings within a specified time frame if there are errors or omissions.

The due date varies depending on the financial year-end of the LLP.

LLPs can verify the status of their filings by checking the MCA portal or obtaining acknowledgment receipts for confirmation.