Enforcement powers: appointment of special officer to assume management of noncompliant nidhi after opportunity to be heard. The registrar may call for information and engage chartered accountants, company secretaries or cost accountants to enforce the Nidhi Rules, and where a Nidhi has violated the rules or failed to function per its Memorandum and Articles, the competent authority may appoint a Special Officer to take over management who shall act under issued guidelines, after affording the Nidhi an opportunity to be heard.
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.
Enforcement powers: appointment of special officer to assume management of noncompliant nidhi after opportunity to be heard.
The registrar may call for information and engage chartered accountants, company secretaries or cost accountants to enforce the Nidhi Rules, and where a Nidhi has violated the rules or failed to function per its Memorandum and Articles, the competent authority may appoint a Special Officer to take over management who shall act under issued guidelines, after affording the Nidhi an opportunity to be heard.
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