Deemed registration of shareholders converts inter-State co-operative members into producer company shareholders from the transformation date. Every shareholder of the inter-State co-operative society immediately before the transformation date shall be deemed to be registered on and from that date as a shareholder of the Producer Company to the extent of the face value of the shares held by such shareholder.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed registration of shareholders converts inter-State co-operative members into producer company shareholders from the transformation date.
Every shareholder of the inter-State co-operative society immediately before the transformation date shall be deemed to be registered on and from that date as a shareholder of the Producer Company to the extent of the face value of the shares held by such shareholder.
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