law: Companies Act, 2013 
  Chapter
  
  XXVI
  Nidhis
  406.
  
    Power
  
  to modify Act in its application to Nidhis .
  1.      In this section, “Nidhi”
  
   means a company which has been incorporated as a Nidhi with the
  
  object of cultivating the habit of thrift and savings amongst its members,
  
  receiving deposits from, and lending to, its members only, for their mutual
  
  benefit, and which complies with such rules as are prescribed by the Central
  
  Government for regulation of such class of companies.
  2.      Save as otherwise
  
  expressly provided, the Central Government may, by notification, direct that
  
  any of the provisions of this Act shall not apply, or shall apply with such
  
  exceptions, modifications and adaptations as may be specified in that
  
  notification, to any Nidhi or Nidhis of any class or description
  
  as may be specified in that notification.
  3.      A copy of every
  
  notification proposed to be issued under sub-section (2 ), shall be laid
  
  in draft before each House of Parliament, while it is in session, for a total
  
  period of thirty days which may be comprised in one session or in two or more
  
  successive sessions, and if, before the expiry of the session immediately
  
  following the session or the successive sessions aforesaid, both Houses agree
  
  in disapproving the issue of the notification or both Houses agree in making
  
  any modification in the notification, the notification shall not be issued or,
  
  as the case may be, shall be issued only in such modified form as may be agreed
  
  upon by both the Houses.