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of <h1>Producer Companies: Minimum 5, Maximum 15 Directors; Inter-State Co-op Exception for First Year per Companies Amendment 2020.</h1> Every Producer Company must have a minimum of five and a maximum of fifteen directors. However, an inter-State cooperative society that is incorporated as a Producer Company may exceed the fifteen-director limit for one year from its incorporation date. This provision was introduced by the Companies (Amendment) Act, 2020.
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