Regarding Norms for revenue recognition and classification of assets applicable to Nidhi or Mutual Benefit Society.

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....To All Regional Directors All Registrar of Companies/ All Official Liquidators Sir, Subjects:- Circulation of following Notifications:- (i) GSR 555(E); 26.07.2001-Certain directions to be complied by Nidhi and Mutual Benefit Society - in supersession of Notifications Nos. GSR 737(E), GSR 780(E)(, GSR 347 dated 1.11.99, 19.11.99, 25.4.2000 respectively - regarding (ii) GSR 556(E); 26.07.2001 ....