Power to modify company law application to Nidhis via notification, allowing tailored exemptions and parliamentary laying. Central Government may, by notification in the Official Gazette, direct that specified provisions of the Companies Act shall not apply to companies declared to be Nidhis or Mutual Benefit Societies, or shall apply to them with such exceptions, modifications and adaptations as specified; every notification must be published and a copy laid before each House of Parliament as soon as may be after issue.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power to modify company law application to Nidhis via notification, allowing tailored exemptions and parliamentary laying.
Central Government may, by notification in the Official Gazette, direct that specified provisions of the Companies Act shall not apply to companies declared to be Nidhis or Mutual Benefit Societies, or shall apply to them with such exceptions, modifications and adaptations as specified; every notification must be published and a copy laid before each House of Parliament as soon as may be after issue.
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