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of <h1>Producer Companies to Inherit All Benefits and Exemptions from Inter-State Co-operatives Under Companies Act, 2013 Amendment.</h1> With effect from the date of transformation, all fiscal and other concessions, licenses, benefits, privileges, and exemptions previously granted to an inter-State co-operative society under any current law will be deemed to have been granted to the Producer Company. This provision ensures that the Producer Company inherits all legal and financial advantages that were available to the inter-State co-operative society, as per the Companies Act, 2013, amended by the Companies (Amendment) Act, 2020.
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