Incorporation and incidental matters.

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....all comply with this requirement within a period of eighteen months from the date of such commencement] (2) On and after the commencement of the Act, no Nidhi shall issue preference shares. (3) If preference shares had been issued by a Nidhi before the commencement of this Act, such preference shares shall be redeemed in accordance with the terms of issue of such shares. (4) Except as pro....