(1) Subject to the provisions made in articles, every Member shall initially receive only such value for the produce or products pooled and supplied as the Board of Producer Company may determine, and the withheld price may be disbursed later in cash or in kind or by allotment of equity shares, in proportion to the produce supplied to the Producer Company during the financial year to such extent and in such manner and subject to such conditions as may be decided by the Board.
(2) Every Member shall, on the share capital contributed, receive only a limited return:
Provided that every such Member may be allotted bonus shares in accordance with the provisions contained in section 378ZJ.
(3) The surplus if any, remaining after making provision
for payment of limited return and reserves referred to in
section 378ZI, may be disbursed as patronage bonus, amongst
the Members, in proportion to their participation in the
business of the Producer Company, either in cash or by way
of allotment of equity shares, or both, as may be decided by
the Members at the general meeting.]
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1. Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).
Section 378B Objects of producer company
Section 378C Formation of Producer Company and its registration
Section 378D Membership and voting rights of Members of Producer Company
Section 378E Benefits to Members
Section 378F Memorandum of Producer Company
Section 378G Articles of association
Section 378H Amendment of memorandum
Section 378I Amendment of articles
Section 378J Option to inter-State co-operative societies to become Producer Companies
Section 378K Effect of incorporation of Producer Company
Section 378L Vesting of undertaking in Producer Company
Section 378M Concession, etc., to be deemed to have been granted to Producer Company