Reconversion of Producer Company to inter-State co-operative society.

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..... te co-operative society, formed and registered under this Part, may make an application: ___ (a) after passing a resolution in the general meeting by not less than two-third of its Members present and voting; or (b) on request by its creditors representing three-fourth value of its total creditors, to the High Court for its reconversion to the inter-State co-operative society. ( .....

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..... made under sub-section (1) has disclosed to the Court, by affidavit or otherwise, all material facts relating to the company, such as the latest financial position of the company, the latest auditor's report on the accounts of the company, the pendency of any investigation proceedings in relation to the company under sections 235 to 251, and the like. (4) An order made by the Court under sub-sec .....

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..... on of any suit or proceeding against the company on such terms as the Court thinks fit, until the application is finally disposed off. (8) Every Producer Company which has been sanctioned re-conversion by the High Court, shall make an application, under the Multi-State Co-operative Societies Act, 2002 (39 of 2002) or any other law for the time being in force for its registration as multi-State c .....

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