Investment in other companies, formation of subsidiaries, etc.

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.... Government or co-operative or scheduled bank or in such other mode as may be prescribed. (2) Any Producer Company may, for promotion of its objectives acquire the shares of another Producer Company. (3) Any Producer Company may subscribe to the share capital of, or enter into any agreement or other arrangement, whether by way of formation of its subsidiary company, joint venture or in any oth....

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....are consistent with the objects of the Producer Company. (6) The Board of a Producer Company may, with the previous approval of Members by a special resolution, dispose off any of its investments referred to in sub-sections (3) and (4). (7) Every Producer Company shall maintain a register containing particulars of all the investments, showing the names of the companies in which shares have bee....