Incorporation and incidental matters.

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....s 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 provided under the proviso t....