Conversion of inter-State co-operative societies to Producer Company permitted upon special resolution and prescribed registration formalities and notices. Inter-State co-operative societies with objects beyond one State may apply to the Registrar to register as a Producer Company by passing a special resolution (supermajority), submitting director and member particulars, confirming engagement in permitted producer objects, and providing director declarations; upon compliance and adoption of the name 'Producer Company Limited,' the Registrar shall certify incorporation within thirty days, after which the society is transformed and governed by the Producer Company provisions and the registering Registrar must notify the former Registrar for deletion from the co-operative register.
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Provisions expressly mentioned in the judgment/order text.
Conversion of inter-State co-operative societies to Producer Company permitted upon special resolution and prescribed registration formalities and notices.
Inter-State co-operative societies with objects beyond one State may apply to the Registrar to register as a Producer Company by passing a special resolution (supermajority), submitting director and member particulars, confirming engagement in permitted producer objects, and providing director declarations; upon compliance and adoption of the name "Producer Company Limited," the Registrar shall certify incorporation within thirty days, after which the society is transformed and governed by the Producer Company provisions and the registering Registrar must notify the former Registrar for deletion from the co-operative register.
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