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    <title>Power of Central Government or Tribunal to accord approval, subject to conditions and to prescribe fees on applications - Amendment in Notification No. GSR 555(E), dated 26-7-2001</title>
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    <description>Amendment substitutes a Table prescribing achievement dates and conditional extensions for meeting the Net Owned Fund to Deposits ratio, ties each non compliance band to specific dates for attaining the prescribed ceiling, prohibits acceptance or renewal of deposits where such action would cause or perpetuate a breach, disallows further extension requests, and exposes continued violators to penal measures including de notification of defaulting nidhi companies.</description>
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      <description>Amendment substitutes a Table prescribing achievement dates and conditional extensions for meeting the Net Owned Fund to Deposits ratio, ties each non compliance band to specific dates for attaining the prescribed ceiling, prohibits acceptance or renewal of deposits where such action would cause or perpetuate a breach, disallows further extension requests, and exposes continued violators to penal measures including de notification of defaulting nidhi companies.</description>
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