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Impact of 269SS and 269T on Co. coming under Nidhi

This query is : Resolved 
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(Querist)
07 April 2008 What will be the Consequense if a Co. Covered by the provisions of Nidhi is making repayment of deposits in cash. will it attract the section 269. What are the options for the same.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
08 April 2008 No doubt section 269T is attracted. What do you mean by options? The section is self explanatory
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