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of <h1>Government declares company as Nidhi under Companies Act 2013, recognizing mutual benefit society status</h1> The Central Government, under the authority of the Companies Act, 2013, has officially declared a specified company registered in Tamil Nadu to be a 'Nidhi' company. This designation recognizes the company as a mutual benefit society primarily engaged in borrowing and lending money among its members. The notification, issued on July 30, 2025, formalizes the company's status and compliance with the relevant legal provisions governing Nidhi companies.
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