Producer Company registrations can be struck off for failing to commence business, ceasing member transactions, or breaching mutual assistance principles. The Registrar may order striking off a Producer Company that fails to commence business within one year, ceases to transact with members, or is no longer ... Summary
Producer Company registrations can be struck off for failing to commence business, ceasing member transactions, or breaching mutual assistance principles.
The Registrar may order striking off a Producer Company that fails to commence business within one year, ceases to transact with members, or is no longer carrying on specified objects after inquiry; such an order requires a notice to show cause and a reasonable opportunity to be heard. The Registrar may also strike off where a company is not maintaining the specified mutual assistance principles. A member aggrieved may appeal to the Tribunal within sixty days, and an appeal suspends the strike-off until disposed.
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