Section 378D of CA 2013 : Section 378D: Membership And Voting Rights Of Members Of Producer Company

CA 2013

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Explanation using Example

Imagine a cooperative of farmers, "GreenGrow Producer Company", which is registered under the Companies Act, 2013. The company is formed by individual farmers and some large agricultural institutions (Producer Institutions) that work together to market their produce.

According to Section 378D(1)(a), if GreenGrow consisted only of individual farmers as members, each farmer would have one vote in company decisions, regardless of how much each farmer has invested or how much they use the company's services.

However, if GreenGrow consisted solely of agricultural institutions, as per Section 378D(1)(b), the voting rights would depend on how much business each institution did with GreenGrow the pr...

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