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Home Acts & Rules Companies Law Acts Companies Act, 2013 Chapters List Chapter XXVI NIDHIS This
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Section 406 - Provision relating to Nidhis and its application, etc. - Companies Act, 2013

Extract

..... i or Mutual Benefit Society; or (b) shall apply to any Nidhi or Mutual Benefit Society with such exceptions, modifications and adaptations as may be specified in the notification. (3) A copy of every notification proposed to be issued under sub-section (2), shall be laid in draft before each House of Parliament, while it is in session, for a total period of thirty days, and if, both Houses agree in disapproving the issue of notification or both Houses agree in making any modification in the noti .....

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Section 406 - Provision relating to Nidhis and its application, etc. - Companies Act, 2013

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..... heir mutual benefit, and which complies with such rules as are prescribed by the Central Government for regulation of such class of companies. (2) Save as otherwise expressly provided, the Central Government may, by notification, direct that any of the provisions of this Act shall not apply, or shall apply with such exceptions, modifications and adaptations as may be specified in that notification, to any Nidhi or Nidhis of any class or description as may be specified in that notification. (3) A .....

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Section 406 - Provision relating to Nidhis and its application, etc. - Companies Act, 2013

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