Section 637A(1) of the Companies Act, 1956 - Power of Central Government or Company Law Board to accord approval, etc., subject to conditions and to prescribe fees on applications - GSR 604(E), - Companies Law
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Nidhi membership requirement increased with transitional period for existing societies to meet the new threshold under amended notifications. The Central Government amends prior notifications under its authority to set conditions and fees, increasing the minimum membership threshold for nidhi entities and granting existing Nidhis and Mutual Benefit Societies a one-year transitional period to meet the new membership requirement; additionally, a specified sub-item in GSR 773(E) is omitted from the date of publication.
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.
Nidhi membership requirement increased with transitional period for existing societies to meet the new threshold under amended notifications.
The Central Government amends prior notifications under its authority to set conditions and fees, increasing the minimum membership threshold for nidhi entities and granting existing Nidhis and Mutual Benefit Societies a one-year transitional period to meet the new membership requirement; additionally, a specified sub-item in GSR 773(E) is omitted from the date of publication.
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