Shareholders of inter-State co-operative societies become shareholders of the Producer Company on transformation to the extent of share face value. Every shareholder of an inter-State co-operative society immediately before the date of registration of a Producer Company is deemed to be registered from that date as a shareholder of the Producer Company to the extent of the face value of the shares held by that 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.
Shareholders of inter-State co-operative societies become shareholders of the Producer Company on transformation to the extent of share face value.
Every shareholder of an inter-State co-operative society immediately before the date of registration of a Producer Company is deemed to be registered from that date as a shareholder of the Producer Company to the extent of the face value of the shares held by that shareholder.
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