{"id":81652,"date":"2023-11-28T15:08:40","date_gmt":"2023-11-28T09:38:40","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=81652"},"modified":"2023-11-28T15:08:43","modified_gmt":"2023-11-28T09:38:43","slug":"section-378f","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378f\/","title":{"rendered":"Section 378F. Memorandum Of Producer Company"},"content":{"rendered":"\n<p><strong><span id='easy-footnote-1-81652' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378f\/#easy-footnote-bottom-1-81652' title='Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).'><sup>1<\/sup><\/a><\/span>[378F. Memorandum of Producer Company.&#8211;<\/strong>The memorandum of association of every Producer Company shall state&#8211;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(a) the name of the company with &#8220;Producer Company Limited&#8221; as the last words of the name of such Company;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(b) the State in which the registered office of the Producer Company is to situate;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(c) the main objects of the Producer Company shall be one or more of the objects specified in section 378B;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(d) the names and addresses of the persons who have subscribed to the memorandum;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(e) the amount of share capital with which the Producer Company is to be registered and division thereof into shares of a fixed amount;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(f) the names, addresses and occupations of the subscribers being producers, who shall act as the first directors in accordance with sub-section&nbsp;<em>(2)<\/em>&nbsp;of section 378J;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(g) that the liability of its members is limited;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(h) against the subscriber&#8217;s name, the number of shares each subscriber takes:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Provided that no subscriber shall take less than one share;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(i) that in case the objects of the Producer Company are not confined to one State, the States to whose territories the objects extend.]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>[378F. Memorandum of Producer Company.&#8211;The memorandum of association of every Producer Company shall state&#8211; (a) the name of the company with &#8220;Producer Company Limited&#8221; as the last words of the name of such Company; (b) the State in which the registered office of the Producer Company is to situate; (c) the main objects of the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":"215"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 378F. Memorandum Of Producer Company - Enterslice<\/title>\n<meta name=\"description\" content=\"Explore Section 378F: Memorandum of Producer Company details. 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