Nidhi recognition allows government to exempt or modify company law provisions by notification, subject to parliamentary review. The Central Government may, by notification, declare a company to be a Nidhi or Mutual Benefit Society and may specify that provisions of the Companies Act shall not apply to such entities or shall apply with exceptions, modifications and adaptations. Proposed notifications must be laid in draft before each House of Parliament for a total period of thirty days, during which both Houses may disapprove or require modifications; prorogations or adjournments exceeding four consecutive days are excluded from this period, and issued notifications must be laid before both Houses as soon as practicable.