https://www.taxtmi.com/acts?id=39184 Section 378L provides that upon transformation all properties and assets of the inter-State co-operative society vest in the Producer Company and all rights, debts, liabilities, interests, privileges and obligations transfer to it; debts, contracts and matters engaged for the society's purposes are deemed to be those of the Producer Company, sums due are deemed due to the Producer Company, the society's capital forms part of the company's capital, statutory or contractual references to the society refer to the Producer Company, organisations and assistance arrangements continue under the Producer Company, and pending legal proceedings do not abate but continue with the Producer Company as party. en-us Sat, 03 Oct 2020 17:47:09 +0530 Tue, 16 Dec 2025 14:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39184 Section 378L provides that upon transformation all properties and assets of the inter-State co-operative society vest in the Producer Company and all rights, debts, liabilities, interests, privileges and obligations transfer to it; debts, contracts and matters engaged for the society's purposes are deemed to be those of the Producer Company, sums due are deemed due to the Producer Company, the society's capital forms part of the company's capital, statutory or contractual references to the society refer to the Producer Company, organisations and assistance arrangements continue under the Producer Company, and pending legal proceedings do not abate but continue with the Producer Company as party. Act-Rules Companies Law Sat, 03 Oct 2020 17:47:09 +0530 https://www.taxtmi.com/acts?id=39184