Declaration of Nidhi Companies as per section 620A of the Companies Act 1956 Power to modify Act in its application to Nidhis, etc - GSR 522(E). - Companies Law
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Declaration of Nidhi status designates specific companies as Nidhis and applies prior regulatory directions to them. Declaration of specified benefit fund companies as Nidhis, listing eleven companies with addresses and directing that their entries be added to the applicable schedule of an earlier notification. The notification also directs that the procedural and compliance directions contained in prior notifications concerning Nidhis shall apply to these newly declared Nidhis, thereby subjecting them to the existing regulatory framework for Nidhi companies.
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.
Declaration of Nidhi status designates specific companies as Nidhis and applies prior regulatory directions to them.
Declaration of specified benefit fund companies as Nidhis, listing eleven companies with addresses and directing that their entries be added to the applicable schedule of an earlier notification. The notification also directs that the procedural and compliance directions contained in prior notifications concerning Nidhis shall apply to these newly declared Nidhis, thereby subjecting them to the existing regulatory framework for Nidhi companies.
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