Section 620A(l) and (2) of the Companies Act, 1956 - Power to modify Act in its application to Nidhis, etc. - S.O. 1314, - Companies Law

NOTIFICATION NO. S.O. 1314, DATED 28-4-1995 Subject:- Section 620A(l) and (2) of the Companies Act, 1956 - Power to modify Act in its application to Nidhis, etc. S.O. 1314.- In exercise of the powers conferred by sub-sections (1) and (2) of section 620A of the Companies Act, 1956 (1 of 1956), the Central Government hereby declares ICS Benefit Fund Limited having its registered office at 21, Venkataswamy Road (East) R.S. Puram, Coimbatore - 641002, in the State of Tamil Nadu to be a Nidhi and directs that the provisions of the said Act, specified in column (1) of Schedule HI annexed to the notification of the Government of India in the Ministry of Commerce and Industry (Department of Company Law Administration) No. G.S.R. 978, dated 28th May, 1963, shall not apply, or as the case may be, shall apply with the exceptions, modifications and adaptations specified in the corresponding entry in column (2) thereof, to the said Nidhi and makes the following amendment in the said notification, namely :- In Schedule I to the said notification, after item No. 151 and the entries relating thereto, the following item and entries shall be added, namely: "152. ICS Benefit Fund Limited."