Section 378K of the Companies Act, 2013: Effect of incorporation of Producer Company

The Companies Act, 2013

Chapter– XXIA Producer Companies

Part- II Incorporation of Producer Companies and other Matters

1[Section 378K: Effect of incorporation of Producer Company.

378K. Every shareholder of the inter-State co-operative society immediately before the date of registration of Producer Company (hereafter in this Chapter referred to as the date of transformation) shall be deemed to be registered on and from that date as a shareholder of the Producer Company to the extent of the face value of the shares held by such shareholder.]


Reference

1. Inserted by the Companies (Amendment) Act, 2020, w.e.f. 11.02.2021[S.O. 644(E) dated 11.02.2021].


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