The Producer Company, introduced in theCompanies Act through an amendment in 2002,is a hybrid of a cooperative society and a private limited company. The concept is introduced on the recommendations of an expert committee headed by Y.K. Alagh, economist. Even though the authorities have decided to exempt producer companies from the sweeping changes of the new Act of 2013 and to continue with the old regulations, certain compliance provisions enacted by the new Act cover all companies which invariably affects producer companies also. This article is an attempt to observe producer companies through the eyes of legal compliance.
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