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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 378L - Vesting of undertaking in Producer Company - Companies Act, 2013

Extract

..... oducer Company. (3) Without prejudice to the provisions contained in sub-section (2), all debts, liabilities and obligations incurred, all contracts entered into and all matters and things engaged to be done by, with or for, the society as on the date of transformation for or in connection with their purposes, shall be deemed to have been incurred, entered into, or engaged to be done by, with or for, the Producer Company. (4) All sums of money due to the inter-State co-operative society immediat .....

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Section 378L - Vesting of undertaking in Producer Company - Companies Act, 2013

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..... shall be deemed to be reference to the Producer Company. (9) If, on the date of transformation, there is pending any suit, arbitration, appeal or other legal proceeding of whatever nature by or against the inter-State co-operative society, the same shall not abate, be discontinued or be in any way prejudicially affected by reason of the incorporation of the Producer Company under section 378C or transformation of the inter-State co-operative society as a Producer Company under section 378J, as t .....

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Section 378L - Vesting of undertaking in Producer Company - Companies Act, 2013

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