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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 581ZN: Existing tax breaks and licences automatically follow co-operative societies converted into Producer Companies</h1> From the date an inter-State co-operative society is transformed into a Producer Company under the Companies Act, all fiscal and other concessions, licences, benefits, privileges, and exemptions previously granted to the co-operative society for its affairs and business under any prevailing law automatically transfer to, and are deemed to have been granted to, the Producer Company. This provision ensures continuity of legal and financial advantages without requiring fresh applications, approvals, or re-grant of such concessions solely due to the change in organizational form.
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