The Central Govt. hereby makes the following amendments in the notification of the Govt of India, erstwhile Ministry of Law, Justice and Company Affairs No. GSR 555(E), dated 26-7-2001, and published in the Gazette of India, in Part II, Section 3, sub-section (i), dated the 26th July, 2001.

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EXTRAORDINARY

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PART H—Section 3—Sub-section (i)

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PUBLISHED BY AUTHORITY

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MINISTRY OF CORPORATE AFFAIRS

(1)

(2)

NOTIFICATION

(T) 1 : 20 alfirW'Wg 31-3-2011 MI

New Delhi, the 3rd November, 2010

By 31-3-2013

More than 1 : 30 but

up to 1 : 40

Act, 1956 (1 of 1956), the Central Government hereby makes the following amendments in the notification of the Government of India, erstwhile Ministry of Law, Justice and Company Affairs (Department of Company Affairs) No. GSR 555(E), dated 26-7-2001, and published in the Gazette of India, in Part II, Section 3, sub-section (i), dated the 26th July, 2001, namely:

By 31-3-2014

More than 1 : 40 but

In the said notification, in clause (1),-

up to 1 : 45

(i) in sub-clause (d),—

By 31-3-2015";

More than I : 45 but

(a) in item (i), for the first proviso, the following

up to 1 : 50

Proviso shall be substituted, namely:—

(b) "in item (ii),-

in sub-item (A), For the figures and words "12 months", the figures and words "06 month"

shall be substituted;

in sub-item (C), For the figures "20,000'', the "Provided in the case of Nidhi incorporated on or before the 26th July, 2001 having deposits in excess of the aforesaid limits, the same shall be brought to the specified limit by increasing the Net Owned Fund position or alternatively by reducing the deposit according to the time table given below :

figures "50,000" shall be substituted;

Ratio of Net Owned Fund Date by which the company to Deposits (as on 31-3-2010) has to achieve prescribed

ceiling of 1 : 20

(ii) in sub-clause (h), in item (ii), for the words "five percent", the words "seven and half percent", mall

be substituted.

(2)

( 1)

[F. No. 11/17/2009-CL.VI] (a) More than 1 : 20 but By 31-3-2011

up to 1 : 25

RENUKA KUMAR, It Secy.