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. |
Notification is attached here with for your ready reference & reading.