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The Companies Act, 1956

Producer Companies (581A - 581ZT)

Section 581K- Effect of incorporation of Producer Company.

Section 581K- Effect of incorporation of Producer Company.

Every shareholder of the inter-State co-operative society immediately before the date of registration of Producer Company (hereafter referred to as the transformation date) shall be deemed to be registered on and from that date as a shareholder of the Producer Company to the extent of the face value of the shares held by such shareholder.