https://www.taxtmi.com/acts?id=13005 The section vests primary management authority in the Board of directors of a Producer Company, subject to the Act and articles, requiring the Board to exercise all powers and perform acts on behalf of the company by resolutions passed at Board meetings. It lists illustrative functions including dividend determination; withholding price and patronage recommendations; admission of members; policy, strategy and financial planning; appointment and supervision of executives; maintenance of accounts and audit responses; property acquisition, disposal and investment in the ordinary course; and sanctioning loans to members not being directors or their relatives. en-us Wed, 18 May 2011 17:13:46 +0530 Wed, 18 May 2011 17:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13005 The section vests primary management authority in the Board of directors of a Producer Company, subject to the Act and articles, requiring the Board to exercise all powers and perform acts on behalf of the company by resolutions passed at Board meetings. It lists illustrative functions including dividend determination; withholding price and patronage recommendations; admission of members; policy, strategy and financial planning; appointment and supervision of executives; maintenance of accounts and audit responses; property acquisition, disposal and investment in the ordinary course; and sanctioning loans to members not being directors or their relatives. Act-Rules Companies Law Wed, 18 May 2011 17:13:46 +0530 https://www.taxtmi.com/acts?id=13005