CHAPTER XXIA PRODUCER COMPANIES

PART I

PRELIMINARY

PART II

INCORPORATION OF PRODUCER COMPANIES AND OTHER MATTERS

378B. Objects of producer company.

378C. Formation of Producer Company and its registration.

378D. Membership and voting rights of Members of Producer Company. 378E. Benefits to Members.

378F. Memorandum of Producer Company. 378G.Articles of association.

378H. Amendment of memorandum. 378-I. Amendment of articles.

378J. Option to inter-State co-operative societies to become Producer Companies.

378K. Effect of incorporation of Producer Company. 378L.Vesting of undertaking in Producer Company.

378M. Concession, etc., to be deemed to have been granted to Producer Company.

378N. Provisions in respect of officers and other employees of inter-State co-operative society.

PART III MANAGEMENT OF PRODUCER COMPANY

378-O. Number of directors. 378P. Appointment of directors.

378Q. Vacation of office by directors. 378R. Powers and functions of Board.

378S. Matters to be transacted at general meeting. 378T. Liability of directors.

378U. Committee of directors.

378V. Meetings of Board and quorum. 378W. Chief Executive and his functions. 378X. Secretary of Producer Company.

378Y. Quorum. 378Z. Voting rights.

378ZA. Annual general meetings.

 

PART IV GENERAL MEETINGS

PART V

378ZB. Share capital. 378ZC. Special user rights.

 

SHARE CAPITAL AND MEMBERS RIGHTS

378ZD. Transferability of shares and attendant rights.

PART VI

FINANCE, ACCOUNTS AND AUDIT

378ZE. Books of account. 378ZF. Internal audit.

378ZG. Duties of auditor under this Chapter. 378ZH.Donation or subscription by Producer Company. 378Z-I. General and other reserves.

378ZJ. Issue of bonus shares.

PART VII

LOANS TO MEMBERS AND INVESTMENTS

378ZK. Loan, etc., to Members.

378ZL. Investment in other companies, formation of subsidiaries, etc.

PART VIII PENALTIES

378ZM. Penalty for contravention.

PART IX

AMALGAMATION, MERGER OR DIVISION

378ZN. Amalgamation, merger or division, etc., to form new Producer Companies.

PART X RESOLUTION OF DISPUTES

378Z-O. Disputes.

 

PART XI MISCELLANEOUS PROVISIONS

 

378ZP. Strike off name of Producer Company.

378ZQ. Provisions of this Chapter to override other laws. 378ZR. Application of provisions relating to private companies.

PART XII

RE-CONVERSION OF PRODUCER COMPANY TO INTER-STATE CO-OPERATIVE SOCIETY

378ZS.Re-conversion of Producer Company to inter-State co-operative society. 378ZT. Power to modify Act in its application to Producer Companies.

378ZU. Power to make rules.