Recently, the Allahabad High Court stated that the application for registration of a company cannot be rejected and declared as Nidhi without giving hearing opportunity. The bench of Justice Shree Prakash Singh was dealing with the petition challenging the order passed by the Deputy Director, Ministry of Corporate Affairs while rejecting the application for registration
Application for Registration of Company Cannot Be Rejected and Declared as Nidhi Without Giving Hearing Opportunity: Allahabad HC
