https://www.taxtmi.com/article/detailed?id=11895 Modifications exempt Nidhi companies from multiple provisions of the Companies Act, 2013 by limiting individual service obligations for small shareholders to public notice and notice-board display, disapplying several private placement and further issue formalities including application, allotment timelines and filing obligations, permitting purchase of shares from departing depositors without treating it as capital reduction, capping individual poll voting power, relaxing dividend distribution and small-dividend discharge by public announcement, reducing nomination deposit for director candidature, allowing loans to directors in member capacity with disclosure, and adjusting managerial remuneration and filing fee calculations. en-us Thu, 28 Sep 2023 11:50:10 +0530 Thu, 28 Sep 2023 11:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11895 Modifications exempt Nidhi companies from multiple provisions of the Companies Act, 2013 by limiting individual service obligations for small shareholders to public notice and notice-board display, disapplying several private placement and further issue formalities including application, allotment timelines and filing obligations, permitting purchase of shares from departing depositors without treating it as capital reduction, capping individual poll voting power, relaxing dividend distribution and small-dividend discharge by public announcement, reducing nomination deposit for director candidature, allowing loans to directors in member capacity with disclosure, and adjusting managerial remuneration and filing fee calculations. Articles Corporate Laws / IBC / SEBI Thu, 28 Sep 2023 11:50:10 +0530 https://www.taxtmi.com/article/detailed?id=11895