PRODUCER COMPANY
This query is : Resolved
Aditya Maheshwari
(Expert)
28 August 2010
Section 581A(k) "producer" means any person engaged in any activity connected with or relatable to any primary produce
(l) "Producer Company" means a body corporate having objects or activities specified in section 581B and registered as Producer Company under this Act;
581B. Objects of Producer Company.—(1) The objects of the Producer
Company shall relate to all or any of the following matters, namely:—
(a) production, harvesting, procurement, grading, pooling, handling,
marketing, selling, export of primary produce of the Members or import
of goods or services for their benefit:
Provided that the Producer Company may carry on any of the activities specified in this clause either by itself or through other
institution;
(b) processing including preserving, drying, distilling, brewing, vinting,
canning and packaging of produce of its Members;
(c) manufacture, sale or supply of machinery, equipment or consumables
mainly to its Members;
(d) providing education on the mutual assistance principles to its Members
and others;
(e) rendering technical services, consultancy services, training, research and
development and all other activities for the promotion of the interests of
its Members;
(f) generation, transmission and distribution of power, revitalisation of land
and water resources, their use, conservation and communications
relatable to primary produce;
(g) insurance of producers or their primary produce;
(h) promoting techniques of mutuality and mutual assistance;
(i) welfare measures or facilities for the benefit of Members as may be
decided by the Board;
(j) any other activity, ancillary or incidental to any of the activities referred
to in clauses (a) to (i) or other activities which may promote the
principles of mutuality and mutual assistance amongst the Members in
any other manner;
(k) financing of procurement, processing, marketing or other activities
specified in clauses (a) to (j) which include extending of credit facilities
or any other financial services to its Members.
(2) Every Producer Company shall deal primarily with the produce of its
active Members for carrying out any of its objects specified in this section.
(l) "Producer Company" means a body corporate having objects or activities specified in section 581B and registered as Producer Company under this Act;
581B. Objects of Producer Company.—(1) The objects of the Producer
Company shall relate to all or any of the following matters, namely:—
(a) production, harvesting, procurement, grading, pooling, handling,
marketing, selling, export of primary produce of the Members or import
of goods or services for their benefit:
Provided that the Producer Company may carry on any of the activities specified in this clause either by itself or through other
institution;
(b) processing including preserving, drying, distilling, brewing, vinting,
canning and packaging of produce of its Members;
(c) manufacture, sale or supply of machinery, equipment or consumables
mainly to its Members;
(d) providing education on the mutual assistance principles to its Members
and others;
(e) rendering technical services, consultancy services, training, research and
development and all other activities for the promotion of the interests of
its Members;
(f) generation, transmission and distribution of power, revitalisation of land
and water resources, their use, conservation and communications
relatable to primary produce;
(g) insurance of producers or their primary produce;
(h) promoting techniques of mutuality and mutual assistance;
(i) welfare measures or facilities for the benefit of Members as may be
decided by the Board;
(j) any other activity, ancillary or incidental to any of the activities referred
to in clauses (a) to (i) or other activities which may promote the
principles of mutuality and mutual assistance amongst the Members in
any other manner;
(k) financing of procurement, processing, marketing or other activities
specified in clauses (a) to (j) which include extending of credit facilities
or any other financial services to its Members.
(2) Every Producer Company shall deal primarily with the produce of its
active Members for carrying out any of its objects specified in this section.
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