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).

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.


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.

09 February 2020 S. 269SS is applicable to a Nidhi Company as it doesn not falls in exception to same.




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