Annual Compliance of Producer Company
Annual compliance of Producer company is required to be completed by 30-09 of the following end of the financial year.
Holding AGM:
The Producer Company shall hold Annual General Meeting each financial year. The gap between two AGM shall not be more than fifteen Months.
First AGM shall be held within 90 days of its incorporation where the members shall adopt the articles of Producer Companies and shall appoint the Board of Directors.
Filing of annual Return:
Every producer Company shall file proceeding of annual general meeting along with Director’s Report, the audited Balance sheet and the profit and loss account with Registrar within sixty (60) days of the date of Annual General Meeting.