Nidhi declaration: companies designated as Nidhis with prescribed statutory modifications and schedule additions under executive power. Declaration designates specified companies as Nidhis and subjects them to directions in the referenced government notification, invoking executive power to modify the Companies Act's application by excluding or adapting certain provisions as set out in an earlier notification; the instrument lists the companies and amends the regulatory schedule to add entries for these Nidhis, thereby incorporating them into the framework of prescribed exceptions and modifications.
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 declaration: companies designated as Nidhis with prescribed statutory modifications and schedule additions under executive power.
Declaration designates specified companies as Nidhis and subjects them to directions in the referenced government notification, invoking executive power to modify the Companies Act's application by excluding or adapting certain provisions as set out in an earlier notification; the instrument lists the companies and amends the regulatory schedule to add entries for these Nidhis, thereby incorporating them into the framework of prescribed exceptions and modifications.
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