Deemed grant of fiscal concessions to Producer Company ensures continuity of licences and exemptions after transformation. All fiscal and related statutory advantages, including licences, concessions, benefits, privileges and exemptions granted to an inter-State cooperative society in connection with its affairs and business shall be deemed to have been granted to the Producer Company with effect from the date of transformation, ensuring continuity of those entitlements under any law in force.
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 grant of fiscal concessions to Producer Company ensures continuity of licences and exemptions after transformation.
All fiscal and related statutory advantages, including licences, concessions, benefits, privileges and exemptions granted to an inter-State cooperative society in connection with its affairs and business shall be deemed to have been granted to the Producer Company with effect from the date of transformation, ensuring continuity of those entitlements under any law in force.
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