Power of Central Government or Company Law Board to accord approval, etc. - Nidhis/Mutual Benefit Society - Amendments in Notification No. GSR 603(E), dated 20-10-1997

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..... ubject:- Power of Central Government or Company Law Board to accord approval, etc. - Nidhis/Mutual Benefit Society - Amendments in Notification No. GSR 603(E), dated 20-10-1997 GSR 85(E).- In exercise of the powers conferred by sub-section (1) of section 637A of the Companies Act, 1956 (1 of 1956), the Central Government hereby amends the notification of the Government of India in the Minist .....

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..... lakhs rupees, where the deposits of such Nidhi or Mutual Benefit Society from its members are more than twenty crores rupees but are fifty crores rupees or less; (D) fifteen lakhs rupees, where the deposits of such Nidhi or Mutual Benefit Society from its members are more than fifty crores rupees : Provided that no Nidhi or Mutual Benefit Society shall give to any borrower loans and ad .....

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