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<h1>Nidhi recognition under section 406(1) Companies Act grants Shri Narayani formal statutory status to operate as a Nidhi.</h1> The Central Government, under section 406(1) of the Companies Act, 2013, declares Shri Narayani (Kumbakonam) Nidhi Limited to be a Nidhi, granting it formal statutory recognition. The notification identifies the company by name and Corporate Identification Number and records its registered office in Kumbakonam, Tamil Nadu, as the administrative basis for the declaration.