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Amulya Producer Company Limited was formed with equity shares of Rs. 5,00,000 (50000 equity shares of Rs. 10 each) and now for raising its funds the company intends to issues debentures to its members and increase the capital by doing so. It intends to raise the capital of Rs. 3, 50,000 (3500 debentures of Rs.…

March 30, 2020

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For the purpose of law, the Producer companies shall be dealt as if it is:

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PQR Producer Company Limited has a Paid-up capital of Rs.4,00,00,000 and average annual turnover of Rs. 6,00,00,000 of preceding 3 financial years. Does the company need to appoint a company secretary under Sec 203 of companies Act or under section 581K?

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