Branch closure advertisement requirement: notice must state Regional Director approval, list closed locations, and give effective date. The prescribed advertisement for closing a Nidhi branch must name the Nidhi and its CIN, state that prior approval of the Regional Director has been ... Summary
Branch closure advertisement requirement: notice must state Regional Director approval, list closed locations, and give effective date.
The prescribed advertisement for closing a Nidhi branch must name the Nidhi and its CIN, state that prior approval of the Regional Director has been obtained with approval number and date, list the branches/collection centres/offices/deposit centres to be closed, specify the effective closure date, be signed by an authorised signatory, and include the Nidhi's address.
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