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of <h1>Central Government Declares Eleven New Nidhis in Tamil Nadu Under Companies Act, 1956; Amends Schedule I</h1> The Central Government, exercising its powers under the Companies Act, 1956, has declared eleven additional companies as Nidhis, subject to specific directions previously outlined in several governmental notifications. These companies, primarily located in Chennai and other parts of Tamil Nadu, include Chepauk Benefit Fund Limited, Baggyalakshmi Benefit Fund Limited, and others. The notification also specifies that certain provisions of the Companies Act will either not apply or will apply with modifications to these newly designated Nidhis. The notification further amends Schedule I to include these companies, following serial number 192.
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