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Section 581K – The Companies Act,1956

The Companies Act, 1956

581K. Effect of incorporation of Producer Company.

Every shareholder of the inter-State co-operative society immediately before the date of registration of Producer Company (hereafter referred to as the transformation date) shall be deemed to be registered on and from that date as a shareholder of the Producer Company to the extent of the face value of the shares held by such shareholder.

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The Companies Act, 1956

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