A producer company is essentially a company enrolled to manage the essential creation of its dynamic part connected with cultivating. The fundamental goal incorporates creation to its selling and sending out too. With the end goal of consolidation of producer company, Part IXA of Companies Act, 1956 is pertinent until any extraordinary Act is established for such organizations.
A producer company is enlisted with at least ten part being producers; or any at least two producer foundations; or its mix. The same some other company, the risk of its individuals is restricted to the degree of neglected share capital by its individuals. The producer company is considered to be a private restricted company under this Act, nonetheless, the limit of the quantity of individuals doesn’t make a difference to same.
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