Companies Act, 1956

Section - 581A - Definitions

[PART IXA

CHAPTER I

PRODUCER COMPANIES

Definitions.

581A. In this Part, unless the context otherwise requires,—

  (a)   "active Member" means a member who fulfils the quantum and period of patronage of the Producer Company as may be required by the articles;

 (b)   "Chief Executive" means an individual appointed as such under sub-section (1) of ;

  (c)   "limited return" means the maximum dividend as may be specified by the articles;

 (d)   "Member" means a person or Producer institution (whether incorporated or not) adm .... To read the full section download the app from Google Play store