Modification of Act for Nidhis permits government to exempt or adapt provisions, subject to parliamentary draft approval. The Central Government may, by notification, exempt any Nidhi or class of Nidhis from specified provisions of the Act or permit those provisions to apply ... Summary
Modification of Act for Nidhis permits government to exempt or adapt provisions, subject to parliamentary draft approval.
The Central Government may, by notification, exempt any Nidhi or class of Nidhis from specified provisions of the Act or permit those provisions to apply with specified exceptions, modifications and adaptations, provided the Nidhi conforms to prescribed rules; every such draft notification must be laid before both Houses of Parliament and may be disapproved or modified by them before issue.
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