TMI BlogPower to modify Act ‑ Notification notifying provisions of the Act as not applicable or applicable with modification in relation to nidhis, etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. Alandur Praja Sahaya Saswatha Nidhi Ltd., Madras 3. Bhuvanagiri Hindu Saswatha Paropakara Nidhi Ltd., Madras 4. Chennai Sri Andal Dhanasekara Saswatha Nidhi Ltd., Madras 5. Chennai Sri Ekambareswarar Saswatha Nidhi Ltd., Madras 6. Chidambaram Hindu Saswatha Jananukula Nidhi Ltd., Madras 7. Chingleput Dhanasekara Nidhi Ltd., Madras 8. Choolai Janopakara Nidhi Ltd., Madras 9. Conjeevaram Hodsonpet Dhanasekara Nidhi Ltd., Madras 10. Cuddalore Permanent Fund Ltd., Madras 11. Egmore Benefit Society Third Branch Ltd., Madras 12. Kumbakonam Mutual Bene ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Triplicane Permanent Fund Ltd., Madras 35. Trivellore Janopakara Saswatha Nidhi Ltd., Madras 36. Villupuram People s Mutual Benefit Society Ltd., Madras 37. Abiramapuram Fund Ltd., Madras 38. Arcot Dhana Sekara Nidhi Ltd., Madras 39. Arcot Tiruvalluvar Nidhi Ltd., Madras 40. Saraswathi Vilasam Shanmugananda Nidhi Ltd., Madras 41. Thirumagal Mutual Benefit Fund Ltd., Madras 42. Varalakshmi Fund (Vellore) Ltd., Madras 43. Vellore Saswatha Nidhi Ltd., Madras 44. Walajabad Dhanasekara Saswatha Nidhi Ltd., Madras 45. Chittoo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sriman Madhva Sidhanta Permanent Nidhi Ltd. 67. Thirumylai Saswatha Sahaya Nidhi Ltd. 68. Taheri Aid Fund Ltd. 69. Kumbakonam Diocesan Catholics Permanent Fund Ltd. 70. Matha Vara Nidhi Ltd. 71. Amritsar Radhasaomi Finance Co. (P.) Ltd. 72. Nambalam Benefit Society Ltd. 73. Makkal Nala Abivirthi Niddhi Ltd. 74. Kilpank Benefit Society Ltd. 75. Samarasa Mutual Benefit Fund Ltd. 76. Chromepet Saswatha Nidhi Ltd. 77. Sri Raja Raja Cholan Mutual Benefit Fund Ltd. 78. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shree Ambika Nidhi Ltd. 105. West Mambalm Permanent Fund Ltd. 106. Al-Falah Mutual Benefits Ltd. 107. Manipal Sowbhagya Nidhi Ltd. 108. Jayalakshmi Mutual Benefits Fund Ltd.. 109. Kodambakkam Benefits Fund Ltd. 110. 111. Park Town Benefit Fund Ltd. 112. 113. 114. 115. Kanchi Mutual Benefit Fund Ltd. 116. Thirumangalam Janopakara Permanent Fund Ltd 117. St. Marry s Funds Ltd. 118. Sr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 152. ICS Benefit Fund Ltd. 153. Shri Navrathana Benefit Fund Ltd. 154. Sullivan Garden Benefit Fund Ltd. 155. Shabab Islamic Investment and Mutual Benefits (India) Limited, Lucknow 156. Venkatesapuram Benefit Fund Limited, Madras 157. Canara Nidhi Limited, Manipal 158. SMP Mutual Benefit Limited, Haldwani, Uttar Pradesh 159. Trywell Finance Mutual Benefit Company Limited, New Delhi 160. The Hasnapuram Mutual Benefit Permanent Fund Limited, Madras 161. Manappuram Benefit Fund Limited, Trissur 162. Galaxy Mutual Benefit Company Limited, Lucknow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Limited, Madras. 193. Chepauk Benefit Fund Limited, Chennai 194. Baggyalakshmi Benefit Fund Limited, Chennai 195. Samayapuram Mariamman Benefit Fund Limited, Trichy, Tamilnadu 196. Lakshmipuram Benefit Fund Limited, Tiruninravur, Chennai 197. Sri Devigayathri Benefit Fund Limited, Chennai 198. Eravi Vinayagar Benefit Fund Limited, Kanyakumari District, Tamilnadu 199. Bhavsar Maratah Benefit Fund Limited, Chennai 200. Minjur Benefit Fund Limited, Minjur, Tamilnadu 201. Sakthi Benefit Fund Limited, Chennai 202. Kulitalai Benefit Funds Limited, Kulitalai, Tamilnadu 203. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 219. Hari Sankara Benefit Fund Limited, No. 5, East Street, Tirukoilur - 605757, Tamilnadu. 220. Chiranjeevi Benefit Fund Limited, 13/7, Thiruchen dur Road, Tuticorin - 628003, Tamilnadu. 221. Sri Benefit Fund Limited, 39, Bazaar Street, Sirkali - 609110, Tamilnadu. 222. Villivakkam Janopakara Fund Limited, 1, Meetu Street, Villivakkam, Chennai - 600049. 223. South Madras Benefit Fund Limited, 20, Kallukaran Street, Mylapore, Chennai-600004. 224. Thiruvallur Thripurasundari Benefit Fund Limited, 33, North Raja Street, Tiruvallur-602001, Tamilnadu. 225. Sri Annamalai Benefit Fund Limited, 1st Floor, Annamalai Tower, 50, Kubera Street, Villupuram-605602, Tamilnadu. 226. Thendral Benefit Fund Ltd., No. 44, 6th Cross Street, M.K.B. Nagar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nnai-600101. 242. Azax Benefit Fund Limited, No. 666/1, T.H. Road, Chennai-600019. 243. Muthoot Mercantile Syndicate Limited, 75, Attukal Shopping Complex, East Fort, Thiruvananthapura-695023, Kerala. 244. Uttiramerur Benefit Fund Limited, No. 45, Bazar Street, Uttiramerur-603406, Tamilnadu. 245. Kasi Viswanathar (Chennai) Benefit Fund Limited, No. 9, Market Street, (1st Floor), Ayanavaram, Chennai-600023. 246. Raj Benefit Fund Limited, 2F, Bharathy Road, Cuddalore-607 001, Tamil Nadu. 247. Trisea Benefit Fund Limited, 227F, Roy Building, Rajakkamangalam Road, Ramanputhoor, Nagercoil-4, Tamil Nadu. 248. Vilavancode Selfreliance Credit Services Limited, Good News Centre, Unnamalakadai-629 179, Tamil Nadu. 249. Muthoot M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reet, Kavindapadi-638 455, Erode (RMS), Tamilnadu. 264. Sri Mangalam Benefit Fund Limited, 139, T.H. Road, Kaladipet, Thiruvottiyur, Chennai-19, Tamilnadu. 265. Sri Veerabathira Benefit Fund Limited, 76, Nanayakara Street, Nagapattinam-611 011, Tamilnadu. 266. Madras Harbour Benefit Fund Limited, New No. 5, (Old No. 9) Nyniappn Street, (behind Broadway Theatre), Mannady, Chennai-600 001, Tamilnadu. 267. Kumari Christavar Benefit Fund Limited, III-A, Joshua Street, Nagercoil-629 001, Tamilnadu. 268. Kannadasan Nagar Benefit Fund Limited, New No. 144-A, (Old No. 32A), T.H. Road, M.R. Nagar, Kodungaiyur, Chennai-600 118. 269. Kanya Benefit Fund Limited, Sat Anugraha , Cross Road, North Car Street, Nagercoil-629 001, Tamilnadu. 270. Hold Grow Benefit Funds Limited, 1st floor, K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... avur-613 001, Tamilnadu. 285. Camp Road Benefit Fund Limited, Sakthi Complex, 201/807, Velachery Road, Selaiyur, Chennai-600 073, Tamilnadu. 286. Ashok Nagar Benefit Fund Limited, New No. 72, Old No. 83/1, 53rd Street, 7th Avenue, Ashok Nagar, Chennai - 600 083, Tamilnadu. 287. Gomukhi Benefit Fund Limited 21-B, Gandhi Road, Kallakurichi-606 202, Villupuram District, Tamilnadu. 288. Social Mutual Benefits Co. Limited, Social Bhawan, Anekant Palace, 29, Rajpur Road, Dehradun - 248 001 (U.A.). 289. Kuzhithurai Benefit Fund Limited, Kazhuvanthitta, Kuzhithurai (P.O.), Kanyakumari District, Tamilnadu. 290. Suresh Benefit Fund Limited, New No. 5, Old No. 2, Kulandai Gramani Street, Purasawakkam, Chennai - 600 084, Tamilnadu. 291. Nagai Sivasakthi Benefit Fund Limited, No. 20, Neela ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M/s. Ashwini Benefit Fund Limited, No. 101-B, Neeli Appadurai Street, Ponneri - 601 204, Tamilnadu. 306. M/s. Maragadhambal Benefit Fund Limited, No. 128 (New). Erukkanchery High Road, Vyasarpadi, Chennai - 600 039. 307. M/s. Sri Arunai Benefit Fund Limited. 13, Thenmathathi Street, Tiruvannamalai - 606 601, Tamilnadu. 308. M/s. Sri Mukunth Benefit Fund Limited, 9 J/1, Jawahar Main Street, S.S. Colony, Madurai - 625 010, Tamilnadu. 309. M/s. East Rajaji Nagar Benefit Fund Limited, No. 84/71, Jayaprakash Street, Jambulingam Main Road, G.K.M. Colony, Chennai - 600 082. 310. M/s. Kudalmanagar Benefit Fund Limited, Aruna Arcade, 37, Kansamettu Street, Ist Floor, Madurai - 625 020, Tamilnadu. 311. M/s. Sri Ratna Permanent Fund Limited, D. No. 34-1-19/1, Temple Street, Kakinada - 533 001, Andhra Pradesh. 312. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Fund Limited, 7/54, Junction Main Road, Ideal Garden Complex, Five Road, Salem - 636 004, Tamilnadu. 327. M/s. Veer Mutual Benefits Limited, Delhi Road, New Hardwar-249 407. 328. M/s. KAY ESS ARR Benefit Fund Limited, 12/161, G.R. Complex, Theppakulam Street, Tiruchengode - 637 211, Namakkal District, Tamilnadu. 329. M/s. Vilavancode Benefit Fund Limited, VBF Towers , Main Road, Marthandam - 629165, Tamilnadu. 330. M/s. Arunattu Benefit Fund Limited, New No. 399, Poonamalee High Road, Aminjikarai, Chennai - 600 029. 331. M/s. Padma Balaji Benefit Fund Limited, 103A, Ayyanar Koil Main Road, Sellur, Madurai - 625 002, Tamilnadu. 332. M/s. Ramanathapuram Benefit Fund Limited, 87-B, Vandikkara Street, First Floor, Ramanathapuram - 623 501. 333. Ms. Karavilai Benefit Fund Limited, 8-12A, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -629 851, Tamil Nadu. 348. M/s. Cordial Benefit Fund Limited, No. 16 (1st Floor) Elumalai Street, West Tambaram, Chennai-600 045. 349. M/s. Mailam Murugan Benefit Fund Limited, 11, Kamatchi Amman Koil Street, Tindivanam-604 001, Tamil Nadu. 350. M/s. Uthangarai Benefit Fund Limited, 41/15-B, Cuddalore Main Road, Uthangarai-635 207, Krishnagiri District, Tamil Nadu. 351. M/s. Nanjil Benefit Fund Limited, 52, Kattabomman Junction, Nagercoil, Kanyakumari District, Tamil Nadu. 352. M/s. Kumaragiri Benefit Fund Limited, 4/135-B, Main Road, Pudukottai-628 103, Thoothukudi District, Tamil Nadu. 353. M/s. Cape Benefit Fund Limited, Dr. Mathias Shopping Complex, Meenakshipuram Nagercoil-629 001, Tamil Nadu. 354. M/s. Kalkulam Benefit Fund Limited, Saraswati Bhawan, Kanjirathukonam, Mekkamanda ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shevapet, Salem-636001 (Tamil Nadu) 370 M/s. St. Mary's Benefit Fund Limited, No. 3, New Mahalipatti Road, Madurai-625001 (Tamil Nadu) 371 M/s. Udhayam Benefit Fund Limited, 115, Panakal Street, Kaveripattinam, Krishnagiri, Dharmapuri Distt.-635112 (Tamil Nadu) 372 M/s. Krishnanvaka Benefit Fund Limited, 7/18, Sri Parthasarathy Temple Campus, Nandavanam, Thuckalay, Distt., Kanyakumari -629175 373 M/s. Mayiladuthurai Ramu Benefit Fund Limited, 1/60-B, Main Road, Sembanarkoil-609309 (Tamil Nadu) 374 M/s. Rasipuram Benefit Fund Limited, 50, Upstairs Pookadai Street, Rasipuram, Salem, Distt.-637408 (Tamil Nadu) 375 M/s. Thiruvathipuram Benefit Fund Limited, New No. 125, Old No.46-A, Gandhi Road, Cheyyar-604407 (Tamil Nadu) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act Extent of Application (1) (2) Section 53(1) Shall apply subject to the modification that in the case of a Nidhi or Mutual Benefit Society a document may be served only on members who hold more than one thousand rupees in face value or more than one per cent of the total paid-up capital of the Nidhi company whichever is less. For other shareholders, document may be served by a public notice in newspaper circulated in the district where the Registered Office of a Nidhi Company is situated; and publication on the notice board of the Nidhi or Mutual Benefit Society. Section 67(3) proviso Shall not apply. Section 77(1) Shall not apply, when shares are purchased by the company from a member on his ceasing to be a depositor or borrower and it shall not be considered as reduction of capital under section 100 to section 104 of the Companies Act, 1956. Section 81 Shall not apply. Section 87(1)( b ) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a candidate for election as director. Section 296 Shall not apply provided the loan is given to a director or his relative in their capacity as members and such transaction is disclosed in the annual accounts by a note. Section 309(4) Shall apply with the modification that the remuneration of a director who is neither in the whole-time employment of the Nidhi or Mutual Benefit Society nor a managing director, for performing special services to the Nidhi or Mutual Benefit Society specified in the Articles of Association may be paid by way of monthly payment subject to the approval of the Central Government and also to the provisions of section 198 : Provided that no approval of the Central Government shall be required where,- ( a ) a Nidhi or a Mutual Benefit Society does not have a managing director or a whole-time director or a manager, ( b ) the remuneration payable during a financial year to all the directors of the Nidhi or the Mutual Benefit Society, as the case may be, does not exc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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