Minimum capital requirement: entities must maintain prescribed net owned funds plus preference share capital under government-specified thresholds and timelines.
The notification substitutes the eligibility condition to require that the total of an entity's net owned fund and its preference share capital is not less than twenty-five lakh rupees or such amount as the Central Government may specify from time to time, and provides that existing Nidhis or Mutual Benefit Societies must reach the prescribed amount by the specified compliance date.

Depreciation rates updated for float glass melting furnaces under Companies Act; new single-shift WDV and SLM rates prescribed.
The Central Government, under Section 641(1) of the Companies Act, 1956, amended Schedule XIV by inserting an asset entry "Float Glass Melting Furnaces [NESD]" under Plant and Machinery and prescribing its depreciation treatment: single-shift Written Down Value and Straight Line Method rates are set in the schedule while double- and triple-shift columns for that entry remain unfilled; the amendment is notified as G.S.R. 500(E) dated 18-8-1998.

Bench constitution directs allocation of jurisdiction among Principal and Regional Benches, defining case categories and referral mechanism.
The order allocates jurisdiction among a Principal Bench (Chairman plus one Member) for specified reconstruction, winding-up and related statutory matters, establishes Regional Benches of not less than two Members for other designated sections, and provides that remaining company matters and interlocutory applications be dealt with by a Single Member at Regional Benches. Benches may sit anywhere in India and may refer matters to the Principal Bench for joint consultation and disposal.

Service qualification period reduced by amendment to Company Law Board membership rule, shortening the required prior service term.
Amendment to rule 3(5)(b) of the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993, substitutes the previously prescribed duration with a shorter duration; the Central Government enacted the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Amendment Rules, 1998, which take effect on publication in the Official Gazette.

Registrar of Companies office establishment shifts regional company registration jurisdiction to a new local office to improve compliance.
A new Registrar of Companies office is established in Pune to assume responsibility for companies with registered offices in the districts of Pune, Nasik, Kolhapur and Ratnagiri, transferring functions from the Mumbai Registrar of Companies. The office will be headed by a Registrar with supporting staff, will commence operations at designated local premises from the stated effective date, and is intended to facilitate prompt statutory compliance and more convenient service for the corporate sector and public in the reassigned districts.

Loan limits for Nidhis and Mutual Benefit Societies: tiered caps based on deposit tiers and prior profit history.
Amendment replaces the prior sub item to set tiered maximum loans and advances for Nidhis and Mutual Benefit Societies based on bands of total member deposits, and imposes a lower lending cap where the society has not made profits in the three preceding years.

Managerial remuneration exemption for nidhis and mutual benefit societies: no whole-time manager, directors' pay within profit cap, special resolution.
Exemption from Central Government approval under section 309(4) for managerial remuneration of nidhis and mutual benefit societies is permitted where the entity lacks a managing director, whole-time director, or manager; aggregate directors' remuneration in a financial year does not exceed a ceiling tied to net profits or a lower monetary cap; and such remuneration is approved by a special resolution of the nidhi or mutual benefit society.