Membership and voting rights of Members of Producer Company

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..... ber, irrespective of his shareholding or patronage of the Producer Company. (b) In a case where the membership consists of Producer Institutions only, the voting rights of such Producer Institutions shall be determined on the basis of their participation in the business of the Producer Company in the previous year, as may be specified by articles: Provided that during the first year of regis .....

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..... n conflict with business of the Producer Company, shall become a Member of that Company. (5) A Member, who acquires any business interest which is in conflict with the business of the Producer Company, shall cease to be a Member of that Company and be removed as a Member in accordance with the articles. ] ************* NOTES:- 1. Inserted vide THE COMPANIES ( .....

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