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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>42 Companies Declared as Nidhis Under Section 620A of Companies Act 1956; Subject to Specific Directions and Modifications</h1> The notification by the Ministry of Corporate Affairs, dated September 20, 2007, exercises the powers under Section 620A of the Companies Act, 1956, to declare certain companies as Nidhis. This declaration subjects these companies to specific directions previously issued by the government. The notification lists 42 companies, detailing their names and registered office addresses, which are recognized as Nidhis. It also specifies that certain provisions of the Companies Act will not apply or will apply with modifications to these companies, as outlined in Schedule III of the notification.
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