Investment of general reserves limited to specified securities, banks, co-operative societies and public financial institutions under producer company rules. Producer Companies Rules, 2021 apply to Producer Companies and adopt definitions from the Act and related rules. They provide for change of registered office across States by applying the Companies (Incorporation) Rules procedures and prescribe permissible investment of general reserves in approved securities, deposits and instruments issued by government bodies, co-operative societies, scheduled banks, co-operative banks, specified trust securities, shares or securities of co-operative societies, and assets of public financial institutions.
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Provisions expressly mentioned in the judgment/order text.
Investment of general reserves limited to specified securities, banks, co-operative societies and public financial institutions under producer company rules.
Producer Companies Rules, 2021 apply to Producer Companies and adopt definitions from the Act and related rules. They provide for change of registered office across States by applying the Companies (Incorporation) Rules procedures and prescribe permissible investment of general reserves in approved securities, deposits and instruments issued by government bodies, co-operative societies, scheduled banks, co-operative banks, specified trust securities, shares or securities of co-operative societies, and assets of public financial institutions.
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