Section 378J of CA 2013 : Section 378J: Option To Inter-State Co-Operative Societies To Become Producer Companies

Explanation using Example

Imagine a scenario where an inter-State co-operative society named "GreenFarm Co-operative Society" operates in multiple states, promoting agricultural activities and supporting farmers in producing and selling their crops. The society decides it wants to leverage the benefits of being a Producer Company under the Companies Act, 2013, such as better access to capital, improved governance, and more flexibility in business operations.

GreenFarm's board of directors calls a special meeting where they pass a resolution with a two-thirds majority of its members to convert the society into a Producer Company. They prepare an application ...

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