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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Registrar May Strike Off Producer Company Under Section 581ZP for Inactivity or Non-Compliance with Objectives.</h1> Section 581ZP of the Companies Act, 1956, outlines the conditions under which the Registrar can strike off the name of a Producer Company. If the company fails to commence business within a year, ceases operations with its members, or does not adhere to its objectives, the Registrar may order its dissolution after due inquiry and notice. Additionally, if the company is not following mutual assistance principles, it may also be struck off. Affected members can appeal this decision to the Company Law Board within sixty days, and the order will be stayed pending the appeal's resolution.
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