Corporate law
Praneeta shrivastava (cwa inter) (32 Points)
19 October 2013
what is d difference between normal company and producer company?
1 Replies
CA Ashish Lodha
(Chartered Accountant)
(184 Points)
Replied 19 October 2013
- Producer company is multi objectives
- Producer company area of restriction is entire union of India take operation
- Producer company share is not Tradable but it can transferable to limited members on per value
- Producer company membership will be individual, group, Association, producer of service.
- In Producer company one member can vote only one vote company can not hold veto power.
- Producer company borrowing power is more freedom and more alternative.
Normal company does not have this provisions.
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