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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..... ENT OF COMPANY AFFAIRS, 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 .....

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..... (vi) issue any further preference shares, (vii) issue any new shares to any 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 ear .....

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..... to less than one thousand members at any time, (ii) obtain a certificate every year from the statutory auditors certifying that it has complied with the directions specified in this 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) .....

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