close

23 Power to Enforce Compliance

(1) For the purposes of enforcing compliance with these rules, the Registrar of companies may call for such information or returns from Nidhi as he deems necessary and may engage the services of chartered accountants, company secretaries in practice, costaccountants, or any firm thereof from time to time for assisting him in the discharge of his duties.

(2) In respect of any Nidhi which has violated these rules or has failed to function in terms of the Memorandum and Articles of Association, the 1[Central Government] may appoint a Special Officer to take over the management of Nidhi and such Special Officer shall function as per the guidelines given by 2[Central Government]:

Provided that an opportunity of being heard shall be given to the concerned Nidhi by the 3[Central Government] before appointing any Special Officer.


Amendment

1,2 & 3. Substituted by Nidhi (Amendment) Rules 2019    Amendment Effective from 15th August 2019.

1. In sub-rule (2) for the words,

concerned Regional Director

the following shall be subtituted namely,

Central Government.

2. In sub-rule (2) for the words,

such Regional Director

the following shall be subtituted namely,

Central Government.

3. In the Proviso, for the words,

Regional Director

the following shall be subtituted namely,

Central Government.