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of <h1>Amendment to GSR 978(E): Changes to Companies Act Impact Nidhi Societies on Voting, Dividends, Director Pay, and More.</h1> The amendment to Notification No. GSR 978(E) involves changes to various sections of the Companies Act, 1956, specifically concerning Nidhi or Mutual Benefit Societies. Key modifications include adjustments to document service requirements, voting rights limitations, dividend payment procedures, and conditions for director remuneration. Certain sections, such as 67(3), 77(1), 81, and others, are either not applicable or have specific conditions under which they apply. The filing fee for returns of allotment is also specified. These changes aim to tailor the application of the Companies Act to better suit the operations of Nidhi companies and Mutual Benefit Societies.
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