Enforcement of new chapter relating to Producer Companies
MCA notifies commencement of Chapter XXIA and insertion of Rules governing Producer Companies. The brief summary of the amendment is detailed below:
1 | Rule date | 11.02.2021 |
2 | Subject | Producer Companies Rules, 2021. |
3 | Effective date | They shall come into force on the date of their publication in the Official Gazette. |
4 | Applicability | These rules shall apply to a Producer Company as referred in clause (I) of section 378A. |
5 | Brief description | o New rules defines the term ‘co-operative society’ for the purpose of this rule.
o New rule specifies Rules for Change of place of registered office from one State to another of Producer Companies and Investment of general reserves of Producer Companies. |
Please also find attached notification herewith for your ready reference.
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