Condition to be imposed for conersion of ordinary Society into Producer Company,Part-IX A of the Companies act,1956. - Companies Law - 29/2012

General Circular 29/2012 Dated 10-9-2012 The question of acceptance of documents by the Registrar of Companies for conversion of a Cooperative Society (not registered as the Multi State Society) under Section 581J ( 5) of the Companies Act has been examined in the Ministry. I am desirous to say that:- 2. Consequent upon the receipt of such an application/form seeking conversion of a Cooperative Society (society not registered as the Multi State Society) into a Producer Company, the ROCs will seek a written consent from the local Cooperative Department of the concerned State certifying that the Society desirous of being converted into Producer Company, under part IXA of the Companies Act, 1956 , has no dues payable to the State at the time of such conversion and the Cooperative Department has 'no objection' to its being converted into a Producer Company under the Companies Act, 1956 . Further, the ROCs must satisfy themselves fully that the applicant society has indeed extended its activities outside the State where it is registered as a Cooperative Society under the local/State level law governing Cooperative Societies which are not inter-State Cooperative Societies. 3. In case of any doubt a reference may be made to the Ministry for further guidance before incorporation under Section 581J ( 5) . 4. This circular shall be effective from the date of issue of circular. [F. No. 17/63/2012-CL-V]