Modification of Companies Act application to Nidhis - notifies specified companies as Nidhis and prescribes applicable exemptions. Central Government, invoking section 620A of the Companies Act, 1956, declares the listed companies to be Nidhis and directs that specified provisions of the Act shall not apply or shall apply with exceptions, modifications and adaptations as indicated in prior government notifications; the notification amends the principal Schedule by adding serial entries identifying each notified Nidhi by name and registered office, integrating these entities into the statutory framework governing Nidhis.
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Provisions expressly mentioned in the judgment/order text.
Modification of Companies Act application to Nidhis - notifies specified companies as Nidhis and prescribes applicable exemptions.
Central Government, invoking section 620A of the Companies Act, 1956, declares the listed companies to be Nidhis and directs that specified provisions of the Act shall not apply or shall apply with exceptions, modifications and adaptations as indicated in prior government notifications; the notification amends the principal Schedule by adding serial entries identifying each notified Nidhi by name and registered office, integrating these entities into the statutory framework governing Nidhis.
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