Section 378ZB Share capital
- Chapter
- XXIA · Producer Companies
- Amendments
- 1
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021378ZB. Share capital.—
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(1) The share capital of a Producer Company shall consist of equity shares only.
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(2) The shares held by a MemberDefined in section 2(55): member, in relation to a company, means the subscriber to the memorandum entered in the register of members, every other person who agrees in writing to become a member and is entered in the register of members, and every person holding shares whose name is entered as a beneficial owner in depository records. in a Producer Company, shall as far as may be, be in proportion to the patronage of that company.