Power of Central Government or Company Law Board to accord approval, etc., subject to conditions and to prescribe fees on applications - GSR 721(E), - Companies Law

Minimum capital requirement: entities must maintain prescribed net owned funds plus preference share capital under government-specified thresholds and timelines.

The notification substitutes the eligibility condition to require that the total of an entity's net owned fund and its preference share capital is not less than twenty-five lakh rupees or such amount as the Central Government may specify from time to time, and provides that existing Nidhis or Mutual Benefit Societies must reach the prescribed amount by the specified compliance date.