Branches

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....es within the district or any branch outside the district, it shall obtain the prior permission of the Regional Director 1[by applying in Form NDH-2 along with fee specified in the Companies (the Registration Offices and Fees) Rules, 2014] and an intimation is to be given to the Registrar about opening of every branch within thirty days of such opening. (4) No Nidhi shall open branches 2[****] ou....

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....y days of receipt of such application. (b) After obtaining approval from the Regional Director, the Nidhi shall- (i) publish advertisement, as per format NDH-5, in a newspaper in vernacular language in the place where it carries on business at least thirty days prior to such closure, informing the public about such closure; (ii) fixes a copy of such advertisement or a notice informing such cl....

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....9-04-2022 before it was read as, "or collection centres or offices or deposit centres, or by whatever name called" 3. Substituted vide Notification No. G.S.R. 301(E) dated 19-04-2022 before it was read as, "(6) A Nidhi shall not close any branch unless it- (a) publishes an advertisement in a newspaper in vernacular language in the place where it carries on business at least th....