INTRODUCTION
The Government of India through an amendment in the Companies Act, 1956 by the Companies (Amendment) Act, 2002 incorporating a new part IXA dealing with Producer Company in the Companies Act, 1956 based on the recommendations of the Y.K. Alagh Committee. The Amendment Act came into force w.e.f. 6th February, 2003 vide Notification no. 135(E) dated 5th February, 2003.The producer companies are incorporated with the Registrar of Company (RoC). The objective was to formulate a
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