Power of Central Government or Company Law Board to accord Approval, etc., subject to conditions and to prescribe fees on applications - Declaration of Nidhi companies by Central Government subject to certain conditions

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....MENT OF COMPANY AFFAIRS, MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS Subject:- Power of Central Government or Company Law Board to accord Approval, etc., subject to conditions and to prescribe fees on applications - Declaration of Nidhi companies by Central Government subject to certain conditions GSR 773(E).- In exercise of the powers conferred by sub-section (1) of section 637A of the ....

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....s members,           (iv) admit as member any body corporate or trust,           (v) issue any new equity shares of nominal value exceeding rupees ten,           (vi) issue any further preference shares,         &....

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....carry on any business other than the business of borrowing or lending in its own name,           (xiii) enter into any new partnership arrangement in its borrowing or lending activities,           (xiv) give any new loans or advances without the security in the form of fixed deposits or recurring deposi....