https://www.taxtmi.com/acts?id=39190 The Board of Directors of a Producer Company, subject to the Act and articles, exclusively exercises all powers of the company, including dividend determination, withheld price and patronage recommendations, admission of members, policy and strategy formulation, Chief Executive appointment and supervision, maintenance of books and preparation of annual accounts, acquisition and disposal of property, investment of funds, and sanctioning loans to members (not directors or relatives). All powers must be exercised by the Board via resolutions passed at its meetings; directors or groups not constituting the Board cannot exercise these powers. en-us Sat, 03 Oct 2020 17:57:17 +0530 Tue, 16 Dec 2025 14:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39190 The Board of Directors of a Producer Company, subject to the Act and articles, exclusively exercises all powers of the company, including dividend determination, withheld price and patronage recommendations, admission of members, policy and strategy formulation, Chief Executive appointment and supervision, maintenance of books and preparation of annual accounts, acquisition and disposal of property, investment of funds, and sanctioning loans to members (not directors or relatives). All powers must be exercised by the Board via resolutions passed at its meetings; directors or groups not constituting the Board cannot exercise these powers. Act-Rules Companies Law Sat, 03 Oct 2020 17:57:17 +0530 https://www.taxtmi.com/acts?id=39190