{"id":81780,"date":"2023-11-29T12:46:26","date_gmt":"2023-11-29T07:16:26","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=81780"},"modified":"2023-11-29T12:46:28","modified_gmt":"2023-11-29T07:16:28","slug":"section-378zp","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378zp\/","title":{"rendered":"Section 378ZP. Strike Off Name Of Producer Company"},"content":{"rendered":"\n<p><strong><span id='easy-footnote-1-81780' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378zp\/#easy-footnote-bottom-1-81780' title='Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).'><sup>1<\/sup><\/a><\/span>[378ZP. Strike off name of Producer Company.&#8211;<\/strong>\u00a0(1) Where a Producer Company fails to commence business within one year of its registration or ceases to transact business with the Members or if the Registrar is satisfied, after making such inquiry as he thinks fit, that the Producer Company is no longer carrying on any of its objects specified in section 378B, he shall make an order striking off the name of the Producer Company, which shall thereupon cease to exist forthwith:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Provided that no such order cancelling the registration as aforesaid shall be passed until a notice to show cause has been given by the Registrar to the Producer Company with a copy to all its directors on the proposed action and reasonable opportunity to represent its case has been given.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(2) Where the Registrar has reasonable cause to believe that a Producer Company is not maintaining any of the mutual assistance principles specified, he shall strike its name off the register in accordance with the provisions contained in section 248.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(3) Any Member of a Producer Company, who is aggrieved by an order made under sub-section&nbsp;<em>(1)<\/em>, may appeal to the Tribunal within sixty days of the order.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(4) Where an appeal is filed under sub-section&nbsp;<em>(3)<\/em>, the order of striking off the name shall not take effect until the appeal is disposed of.]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>[378ZP. Strike off name of Producer Company.&#8211;\u00a0(1) Where a Producer Company fails to commence business within one year of its registration or ceases to transact business with the Members or if the Registrar is satisfied, after making such inquiry as he thinks fit, that the Producer Company is no longer carrying on any of its [&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 378ZP. Strike Off Name Of Producer Company - Enterslice<\/title>\n<meta name=\"description\" content=\"Explore Section 378ZP for streamlined procedures to strike off the name of a producer company. 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