MANU/DCAF/0020/2021

Ministry : Ministry of Corporate Affairs

Notification No. : GSR112(E)

Date of Notification : 11.02.2021

Date of Publication : 11.02.2021

Producer Companies Rules, 2021

G.S.R.112(E).--In exercise of the powers conferred by sub-section (4) of section 378H and sub-section (1) of section 378ZL read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), and in supersession of the Producer Companies (General Reserve) Rules, 2003, except as respects things done or omitted to be done before such supersession, the Central Government hereby makes the following rules, namely:-

1. Short title and commencement.--

(1) These rules may be called the Producer Companies Rules, 2021.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. Applicability.--

These rules shall apply to a Producer Company as referred in clause (l) of section 378A.

3. Definitions.--

(1) In these rules, unless the context otherwise requires,-

(a) "Act" means the Companies Act, 2013 (18 of 2013);

(b) "section" means the section of the Act;

(c) "co-operative society" means a society registered or deemed to be registered under any law relating to co-operative societies for the time being in force in any State.

(2) Words and expressions used in these rules but not defined and defined in the Act or in the Companies (Specification of Definitions Deta........