TaxTMI 
TaxTMI 
Re-conversion of Producer Company to inter-State co-operative society
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....rstwhile inter-State co-operative society, formed and registered under this Chapter, may make an application- (a) after passing a resolution in the general meeting by not less than two-thirds of its Members present and voting; or (b) on request by its creditors representing three-fourths value of its total creditors, to the Tribunal for its re-conversion to the inter-State co-operative socie....
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....n made under sub-section (1) has disclosed to the Tribunal, by affidavit or otherwise, all material facts relating to the company, such as the latest financial position of the company, the latest report of the auditor on the accounts of the company, the pendency of any investigation proceedings in relation to the company under Chapter XIV, and the like. (4) An order made by the Tribunal under sub....
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....uation of any suit or proceeding against the company on such terms as the Tribunal thinks fit, until the application is finally disposed of. (8) Every Producer Company, which has been sanctioned re-conversion by the Tribunal, shall make an application under the Multi-State Co-operative Societies Act, 2002 (39 of 2002) or any other law for the time being in force for its registration as multi-Stat....