Section 378X of CA 2013 : Section 378X: Secretary Of Producer Company
CA 2013
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Explanation using Example
Imagine a cooperative of farmers named "GreenGrow Producer Company Limited" that specializes in organic produce. Over the last three years, GreenGrow has seen a significant increase in demand for its products, leading to an average annual turnover of seven crore rupees. According to Section 378X of the Companies Act, 2013, because their turnover exceeds five crore rupees, they are now required to appoint a whole-time secretary.
GreenGrow's management starts s...
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