Mudra Nidhi Limited, a Chennai based company, wants to acquire another company Prakrit Private Limited through change in management, can it do so? Will your answer change if it wants to acquire Prakrit Private Limited by

Pursuant to the provisions of Rule 6(d) of the Nidhi Rules, 2022, no Nidhi shall acquire or purchase securities of any other company or control the composition of the Board of Directors of any other company in any manner whatsoever or enter into any arrangement for the change of its management. Therefore, Mudra Nidhi Limited cannot acquire Prakrit Private Limited either by purchase of securities or through change in management.