(1) The producers, who are active Members may, if so provided in the articles, have special rights and the Producer Company may issue appropriate instruments to them in respect of such special rights.
(2) The instruments of the Producer Company issued under sub-section (1) shall, after obtaining approval of the Board in that behalf, be transferable to any other active Member of that Producer Company.
Explanation.--For the purposes of this section, the
expression "special right" means any right relating to
supply of additional produce by the active Member or any
other right relating to his produce which may be conferred
upon him by the Board.]
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1. Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).
Section 378ZA Annual general meetings
Section 378ZC Special user rights
Section 378ZD Transferability of shares and attendant rights
Section 378ZE Books of account
Section 378ZG Duties of auditor under this Chapter
Section 378ZH Donation or subscription by Producer Company
Section 378ZI General and other reserves
Section 378ZJ Issue of bonus shares
Section 378ZK Loan, etc., to Members
Section 378ZL Investment in other companies, formation of subsidiaries, etc