Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications - Nidhi or Mutual Benefit Society - Amendment in Notification No. GSR 309(E), dated 30-4-2002

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....ION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 03^rd November, 2010 subject:- Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications - Nidhi or Mutual Benefit Society - Amendment in Notification No. GSR 309(E), dated 30-4-2002 GSR 880(E).-In exercise of t....

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....he mutual benefit society has valid recourse may be reduced from the aggregate outstanding amount if the proceedings for sale of mortgaged property have been initiated in a court of law within the previous two years of the interest, income or instalment remaining unrealised";.      (ii) For the Table occurring after Explanation, the following Table shall be substituted, name....