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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Producer Companies must keep 5-15 directors, with one-year relaxation for converted inter-State co-operative societies boards</h1> Producer Companies are required to maintain a minimum of five and a maximum of fifteen directors on their board. An exception is provided for inter-State co-operative societies that are converted and incorporated as Producer Companies: such converted entities may exceed the fifteen-director limit for a transitional period of one year from the date of their incorporation as a Producer Company. After expiry of this one-year period, the general limit of not more than fifteen directors applies, ensuring standardized governance structure while allowing temporary flexibility during conversion.
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