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Home Acts & Rules Companies Law Acts Companies Act, 2013 Chapters List Part II INCORPORATION OF PRODUCER COMPANIES AND OTHER MATTERS This
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Section 378G - Articles of association - Companies Act, 2013

Extract

..... n participate or avail of the facilities or services of the Producer Company, and are willing to accept the duties of membership; (b) each Member shall, save as otherwise provided in this Chapter, have only a single vote irrespective of the shareholding; (c) the Producer Company shall be administered by a Board consisting of persons elected or appointed as directors in the manner consistent with the provisions of this Chapter and the Board shall be accountable to the Members; (d) particulars on .....

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Section 378G - Articles of association - Companies Act, 2013

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..... conditions for continuance or cancellation of membership and the terms, conditions and procedure for transfer of shares; (b) the manner of ascertaining the patronage and voting right based on patronage; (c) subject to the provisions contained in sub-section (1) of section 378N, the manner of constitution of the Board, its powers and duties, the minimum and maximum number of directors, manner of election and appointment of directors and retirement by rotation, qualifications for being elected or .....

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Section 378G - Articles of association - Companies Act, 2013

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..... tion 378ZJ; (i) the basis and manner of allotment of equity shares of the Producer Company in lieu of the whole or part of the sale proceeds of produce or products supplied by the Members; (j) the amount of reserves, sources from which funds may be raised, limitation on raising of funds, restriction on the use of such funds and the extent of debt that may be contracted and the conditions thereof; (k) the credit, loans or advances which may be granted to a Member and the conditions for the grant .....

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Section 378G - Articles of association - Companies Act, 2013

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