https://www.taxtmi.com/acts?id=39542 Re-conversion of a Producer Company to an inter-State co-operative society requires an application to the Tribunal following either member approval by a specified supermajority or a creditor request by creditors representing a substantial value. The Tribunal directs meetings, and if the requisite majority in number and value present and voting agree, it may sanction the re-conversion after being satisfied that all material facts and financial disclosures are made. The sanction is effective only upon filing a certified copy with the Registrar, copies of the order must be annexed to subsequent constitutional documents, penalties attach for non-filing, and the Tribunal may stay proceedings while the application is pending. Following sanction, the company must apply for registration as a multi-State or other co-operative society and report the registration to relevant authorities. en-us Wed, 17 Feb 2021 15:28:34 +0530 Tue, 16 Dec 2025 17:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39542 Re-conversion of a Producer Company to an inter-State co-operative society requires an application to the Tribunal following either member approval by a specified supermajority or a creditor request by creditors representing a substantial value. The Tribunal directs meetings, and if the requisite majority in number and value present and voting agree, it may sanction the re-conversion after being satisfied that all material facts and financial disclosures are made. The sanction is effective only upon filing a certified copy with the Registrar, copies of the order must be annexed to subsequent constitutional documents, penalties attach for non-filing, and the Tribunal may stay proceedings while the application is pending. Following sanction, the company must apply for registration as a multi-State or other co-operative society and report the registration to relevant authorities. Act-Rules Companies Law Wed, 17 Feb 2021 15:28:34 +0530 https://www.taxtmi.com/acts?id=39542