Articles of Association (Section 581G) : The articles should contain the following provisions, namely: (a) the qualifications for member, the conditions for continuance or cancellation of member and the terms, conditions […]
Company Law - 101. page
Memorandum of Producer Company (Section 581F)
Memorandum of Producer Company (Section 581F) : The memorandum of association of every producer company should contain the following: (a) the name of the company with “producer company Limited” as […]
Objects and Formation of A Producer Company
Objects and Formation of A Producer Company : Producer company means a body corporate having objects or activities specified in Section 581B and registered as a producer company under the Companies […]
Definitions
Definitions : Section 581A summarises the following definitions: (a) “active member” means a member who fulfils the quantum and period of patronage of the producer company as may be required by […]
Power to modify Act in its application to producer companies (Section 581ZT)
Power to modify Act in its application to producer companies (Section 581ZT) : (1) The Central Government may, by notification in the Official Gazette, direct that any of the provisions of […]
Major distinctions between Producer Company and the Private Company
Major distinctions between Producer Company and the Private Company : All the provisions of Part-IXA (contained in sections 581A to 581ZT) relating to producer companies shall prevail over all the provision […]
Application of provisions relating to private companies (Section 581ZR)
Application of provisions relating to private companies (Section 581ZR) : All the limitations, restrictions and provisions of this Act, other than those specified in this part, applicable to a private company, shall, […]
Over-riding effect
Over-riding effect: The provisions of Part-IXA shall override other laws (Section 581ZQ). In other words, the provisions of this part shall have effect notwithstanding an ything inconsistent therewith contained in this Act […]
Structure of the Companies (Amendment) Act, 2002
Structure of the Companies (Amendment) Act, 2002: Part-IXA introduced by the Amendment Act, 2002 contains the twelve chapters dealing with the respective matters as shown below: Chapter-I Definitions Chapter-II Incorporations of producer […]
Background of the law relating to producer companies
Background of the law relating to producer companies: The co-operative movement in India is considered as the backbone of the Indian economy. The movement was able to make rapid strides in the […]