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shrimal_sandeep
Can a pvt. ltd. company become a member of a producer company u/s 581 of companies act, 1956?
Definition
"Member" means a person or Product institution (whether incorporated or not) admitted as a Member of a Producer Company and who retains the qualifications necessary for continuance as such.
581C. Formation of Producer Company and its registration.
(1) Any ten or more individuals, each of them being a producer or any two or more producer institutions, or a combination of ten or more individuals and producer institutions, desirous of forming a Producer Company having its objects specified in section 58IB and otherwise complying with the requirements of this Part and the provisions of this Act in respect of registration, may form an incorporated Company as a Producer Company under this Act.
can in this circumstance, a pvt. ltd. company become a member of producer company
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