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of <h1>Section 378P: Rules on appointing producer company directors, their term, reappointment, and expert co-opted members</h1> Section 378P governs appointment and tenure of directors of a Producer Company. The memorandum and articles may initially designate a Board of not less than five directors to manage affairs until formal election. Directors must be elected within ninety days of registration, extended to three hundred sixty-five days for certain converted inter-State co-operative societies with at least five existing directors. Directors hold office for a term between one and five years as specified in the articles and may be reappointed on retirement. Directors are generally elected or appointed by members in the annual general meeting. The Board may co-opt non-voting expert or additional directors, limited to one-fifth of total directors and for periods fixed by the articles.
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