269SS
This query is : Resolved
05 February 2020
Is S. 269SS applicable to a Nidhi Company since it deals only with its members.
05 February 2020
Applicable in view of RBI Circular no DNBR (PD) CC.No.086/03.10.001/2016-17
(Notification).
(Notification).
05 February 2020
Yes applicable for following reasons:
1) RBI Circular no DNBR (PD) CC.No.086/03.10.001/2016-17 (Notification).
2) Also it doesnt fall in exception to the said sec.
1) RBI Circular no DNBR (PD) CC.No.086/03.10.001/2016-17 (Notification).
2) Also it doesnt fall in exception to the said sec.
06 February 2020
Nidhi company is exempted from registration with RBI. Then how these directions apply
to a Nidhi Company. More over it is similar to a Mutual Association.
to a Nidhi Company. More over it is similar to a Mutual Association.
09 February 2020
S. 269SS is applicable to a Nidhi Company as it doesn not falls in exception to same.
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