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of <h1>Producer Companies Subject to Private Company Rules Under Section 581ZR of Companies Act, 1956, Unless Conflicting Provisions Exist.</h1> Section 581ZR of the Companies Act, 1956, stipulates that all limitations, restrictions, and provisions applicable to private companies under this Act shall also apply to Producer Companies. This application is conditional on the provisions not conflicting with those specified in the relevant part of the Act concerning Producer Companies. Essentially, Producer Companies are treated similarly to private limited companies under the law, except where specific provisions for Producer Companies take precedence.
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