Share capital
(1)
The share capital of a Producer Company shall consist of equity shares only.
(2)
The shares held by a Member in a Producer Company, shall as far as may be, be in proportion to the patronage of that company.
Chapters30
- ¶Chapter 21A overview
- 378ADefinitions
- 378BObjects of Producer Company
- 378CFormation of Producer Company and its registration
- 378DMembership and voting rights of Members of Producer Company
- 378EBenefits to Members
- 378FMemorandum of Producer Company
- 378GArticles of association
- 378HAmendment of memorandum
- 378IAmendment of articles
- 378JOption to inter-State co-operative societies to become Producer Companies
- 378KEffect of incorporation of Producer Company
- 378LVesting of undertaking in Producer Company
- 378MConcession, etc., to be deemed to have been granted to Producer Company
- 378NProvisions in respect of officers and other employees of inter-State co-operative society
- 378ONumber of directors
- 378PAppointment of directors
- 378QVacation of office by directors
- 378RPowers and functions of Board
- 378SMatters to be transacted at general meeting
- 378TLiability of directors
- 378UCommittee of directors
- 378VMeetings of Board and quorum
- 378WChief Executive and his functions
- 378XSecretary of Producer Company
- 378YQuorum
- 378ZVoting rights
- 378ZAAnnual general meetings
- 378ZBShare capital
- 378ZCSpecial user rights
- 378ZDTransferability of shares and attendant rights
- 378ZEBooks of account
- 378ZFInternal Audit
- 378ZGDuties of auditor under this Chapter
- 378ZHDonation or subscription by Producer Company
- 378ZIGeneral and other reserves
- 378ZJIssue of bonus shares
- 378ZKLoan, etc., to Members
- 378ZLInvestment in other companies, formation of subsidiaries, etc
- 378ZMPenalty for contravention
- 378ZNAmalgamation, merger or division, etc., to form new Producer Companies
- 378ZODisputes
- 378ZPStrike off name of Producer Company
- 378ZQProvisions of this Chapter to override other laws
- 378ZRApplication of provisions relating to private companies
- 378ZSRe-conversion of Producer Company to inter-State co-operative society
- 378ZTPower to modify Act in its application to Producer Companies
- 378ZUPower to make rules
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