Nidhi classification: Government modifies application of the Companies Act and lists specified benefit fund companies as Nidhis. Power under Section 620A is exercised to declare specified benefit fund companies as Nidhis and subject them to directions in prior Government notifications. The instrument directs that particular provisions of the Companies Act, as listed in the referenced Schedule, shall not apply or shall apply with exceptions, modifications and adaptations, and it amends the principal notification by adding the newly declared Nidhis to Schedule I.
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 classification: Government modifies application of the Companies Act and lists specified benefit fund companies as Nidhis.
Power under Section 620A is exercised to declare specified benefit fund companies as Nidhis and subject them to directions in prior Government notifications. The instrument directs that particular provisions of the Companies Act, as listed in the referenced Schedule, shall not apply or shall apply with exceptions, modifications and adaptations, and it amends the principal notification by adding the newly declared Nidhis to Schedule I.
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