Government declares company as Nidhi under Section 406(1) of Companies Act, 2013

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....The Central Government, under the authority of section 406(1) of the Companies Act, 2013, has officially declared a specified company registered in Tamil Nadu to be a "Nidhi" company. This notification confirms the company's status and recognition as a Nidhi, which is a type of non-banking financial company focused on borrowing and lending among its members.....