Rescission of Nidhi declaration based on inspection and regulatory information removes company's Nidhi status upon notification. Central Government rescinded the declaration that M/s. Singh Mutual Benefit Company Limited was a Nidhi, based on an inspection report and Reserve Bank information establishing the company does not function as a Nidhi; the rescission takes effect from the date of publication and withdraws the earlier government notification declaring it a Nidhi.
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Rescission of Nidhi declaration based on inspection and regulatory information removes company's Nidhi status upon notification.
Central Government rescinded the declaration that M/s. Singh Mutual Benefit Company Limited was a Nidhi, based on an inspection report and Reserve Bank information establishing the company does not function as a Nidhi; the rescission takes effect from the date of publication and withdraws the earlier government notification declaring it a Nidhi.
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