Certain companies not eligible

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Full Text of the Document

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.... has been registered under section 8 or declared as Nidhi under section 406 of the Act; (b) is a company limited by guarantee and also having share capital; (c) has any outstanding deposits accepted from the public as per Chapter V of the Act and rules made thereunder; (d) has a negative net worth; Explanation.- For the purposes of this clause, the expression "n....