https://www.taxtmi.com/acts?id=13027 A Producer Company may transfer assets and liabilities, divide, amalgamate or merge with other Producer Companies by a members' resolution passed by at least a two thirds majority. Notice of the proposed resolution must be given to all members and creditors who may consent or, within the option period, exercise dissent rights (share transfer with board approval for members; withdrawal of deposits or loans for creditors). The resolution must specify measures for vesting of assets, treatment of agreements, provision for dissenters, and related incidental matters; upon effect the resolution vests assets in the transferee and leads to cancellation of the transferor's registration, subject to preservation of pre existing rights and an available judicial appeal. en-us Wed, 18 May 2011 18:00:26 +0530 Wed, 18 May 2011 18:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13027 A Producer Company may transfer assets and liabilities, divide, amalgamate or merge with other Producer Companies by a members' resolution passed by at least a two thirds majority. Notice of the proposed resolution must be given to all members and creditors who may consent or, within the option period, exercise dissent rights (share transfer with board approval for members; withdrawal of deposits or loans for creditors). The resolution must specify measures for vesting of assets, treatment of agreements, provision for dissenters, and related incidental matters; upon effect the resolution vests assets in the transferee and leads to cancellation of the transferor's registration, subject to preservation of pre existing rights and an available judicial appeal. Act-Rules Companies Law Wed, 18 May 2011 18:00:26 +0530 https://www.taxtmi.com/acts?id=13027