Companies Act, 2013

Appendix IV - Part IXA of Companies Act, 1956

APPENDIX IV

PART IXA OF COMPANIES ACT, 1956

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 section 581W;
(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) admitted as a Member of a Producer Company and who retains the qua .... To read the full section download the app from Google Play store