Provision relating to Nidhis and its application, etc.

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....or Mutual Benefit Society, as the case may be. (2) The Central Government may, by notification in the Official Gazette, direct that any of the provisions of this Act specified in the notification- (a) shall not apply to any Nidhi or Mutual Benefit Society; or (b) shall apply to any Nidhi or Mutual Benefit Society with such exceptions, modifications and adaptations as may be sp....

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.... under this section shall, as soon as may be after it has been issued, be laid before each House of Parliament.]     *************** NOTES:- 1. Substituted vide Section 81 of the Companies (Amendment) Act, 2017 w.e.f. 15-08-2019 (Notified vide Notification No. S.O. 2269(E) dated 01-07-2019) before it was read as, "406. Power to modify Act....