Companies Act, 2013

Section - 378S - Matters to be transacted at general meeting

Matters to be transacted at general meeting.

378S. The Board of Directors of a Producer Company shall exercise the following powers on behalf of that Company, and it shall do so only by means of resolutions passed at the annual general meeting of its Members, namely:-

(a)-approval of budget and adoption of annual accounts of the Producer Company;
(b)-approval of patronage bonus;
(c)-issue of bonus shares;
(d)-declaration of limited return and decision on the distribution of patronage;
(e)-specify the conditions and limits of loans that may be .... To read the full section download the app from Google Play store