Section 378F - Memorandum of Producer Company - Companies Act, 2013

1 [Memorandum of Producer Company. 378F. The memorandum of association of every Producer Company shall state- (a) the name of the company with Producer Company Limited as the last words of the name of such Company; (b) the State in which the registered office of the Producer Company is to situate; (c) the main objects of the Producer Company shall be one or more of the objects specified in section 378B; (d) the names and addresses of the persons who have subscribed to the memorandum; (e) the amount of share capital with which the Producer Company is to be registered and division thereof into shares of a fixed amount; (f) the names, addresses and occupations of the subscribers being producers, who shall act as the first directors in accordance with sub-section (2) of section 378J; (g) that the liability of its members is limited; (h) against the subscriber's name, the number of shares each subscriber takes: Provided that no subscriber shall take less than one share; (i) that in case the objects of the Producer Company are not confined to one State, the States to whose territories the objects extend. ] ************* NOTES:- 1. Inserted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020