Section 378B: Objects of Producer Company
This section is for outlining the objects and primary activities of a Producer Company.
The section, clause by clause
What the section says
In plain terms
(1)The objects of the Producer Company shall relate to all or any of the following matters, namely:—
The objects of a Producer Company must relate to matters such as production, processing, marketing, and selling of primary produce, as well as providing education, technical services, and other activities that benefit its Members.
(1)(a)production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit:
provisoProvided that the Producer Company may carry on any of the activities specified in this clause either by itself or through other institution;
(1)(b)processing including preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its Members;
(1)(c)manufacture, sale or supply of machinery, equipment or consumables mainly to its Members;
(1)(d)providing education on the mutual assistance principles to its Members and others;
(1)(e)rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its Members;
(1)(f)generation, transmission and distribution of power, revitalisation of land and water resources, their use, conservation and communications relatable to primary produce;
(1)(g)insurance of producers or their primary produce;
(1)(h)promoting techniques of mutuality and mutual assistance;
(1)(i)welfare measures or facilities for the benefit of Members as may be decided by the Board;
(1)(j)any other activity, ancillary or incidental to any of the activities referred to in clauses (a) to (i) or other activities which may promote the principles of mutuality and mutual assistance amongst the Members in any other manner;
(1)(k)financing of procurement, processing, marketing or other activities specified in clauses (a) to (j) which include extending of credit facilities or any other financial services to its Members.’’.
(2)Every Producer Company shall deal primarily with the produce of its active Members for carrying out any of its objects specified in this section.
A Producer Company must primarily deal with the produce of its active Members when carrying out its objects, such as procurement, processing, and marketing.
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Referred to by
s. 378A Definitionss. 378C Formation of Producer Company and its registrations. 378F Memorandum of Producer Companys. 378H Amendment of memorandums. 378J Option to inter-State co-operative societies to become Producer Companiess. 378ZN Amalgamation merger or division, etc. to form new Producer Companiess. 378ZP Strike off name of Producer Company
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.