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Corporate law

Praneeta shrivastava (cwa inter) (32 Points)

19 October 2013

what is d difference between normal company and producer company?

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CA Ashish Lodha (Chartered Accountant) (184 Points)
Replied 19 October 2013

Producer company is multi objectives
Producer company area of restriction is entire union of India take operation
Producer company share is not Tradable but it can transferable to limited members on per value
Producer company membership will be individual, group, Association, producer of service.
In Producer company one member can vote only one vote company can not hold veto power.
Producer company borrowing power is more freedom and more alternative.

Normal company does not have this provisions.

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