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Memorandum of Producer Company (Section 581F)

Memorandum of Producer Company (Section 581F) :

The memorandum of association of every producer company should contain the following:

(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 581B;

(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 58IJ.

(g) that the liability of its member is limited;

(h) opposite to the subscriber‟s name the number of shares each subscriber takes:

Provided that no subscriber shall take less than one share;

(i) in case the objects of the producer company are not confined to one State, the States to whose territories the objects extend.

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