Section 378M: Concession etc., to be deemed to have been granted to Producer Company
This section is for transferring concessions and benefits from an inter-State co-operative society to a Producer Company after transformation.
The section, clause by clause
What the section says
In plain terms
With effect from the date of transformation, all fiscal and other concessions, licences, benefits, privileges and exemptions granted to the inter-State co-operative society in connection with the affairs and business of the inter-State co-operative society under any law for the time being in force shall be deemed to have been granted to the Producer Company.
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.
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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.