Power of Central Government or Company Law Board to accord Approval, etc., subject to conditions and to prescribe fees on applications - Declaration of Nidhi companies by Central Government subject to certain conditions

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..... FFAIRS, MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS Subject:- Power of Central Government or Company Law Board to accord Approval, etc., subject to conditions and to prescribe fees on applications - Declaration of Nidhi companies by Central Government subject to certain conditions GSR 773(E).- In exercise of the powers conferred by sub-section (1) of section 637A of the Companies Act, 1956 (1 .....

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..... y select group of persons other than bona fide deposits, (viii) acquire control of any other company by way of acquisition of shares, or by composition of the Board of Directors of such company, (ix) allow use of its name by any other body corporate whose main object is to earn profit by borrowing and lending, (x) enter into any financial dealing with any person other than its members, (xi .....

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..... s notification and has maintained its books of account according to recognised principles of accounting. 2. The directions specified in sub-clauses (i) to (xiv) of clause (a) and sub-clauses (i) and (ii) of clause (b) of this notification shall, as far as may be apply to every company declared as a Nidhi or Mutual Benefit Society under section 620A of the said Act on or after the publication of t .....

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