Section 620A(l) and (2) of the Companies Act, 1956 - Power to modify Act in its application to Nidhis, etc. - GSR 242, - Companies Law

NOTIFICATION NO. GSR 242, 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. G.S.R. 242.- 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, Shri Navrathana Benefit Fund Limited having its registered office at 22, West Hanumar Koil Street, Villupuram - 605602, 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 III 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. 152 and the entries relating thereto, the following item and entries shall be added, namely: "153. Shri Navrathana Benefit Fund Limited."