A body corporate having objects or activities specified in Section 581B and which is registered unde...........

Companies Act-Phase (I & II) Introduction to Company Act

A body corporate having objects or activities specified in Section 581B and which is registered under the provisions of the Act is a :

Small company

Producer Company

Cooperative Society

Investing Company

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Explanation:

Companies (Amendment) Act, 2002 had added a new part to main Companies Act i.e. Producer Company. It is a company having objects or activities specified in Section 581B and which is registered under the provisions of the Act. The membership of producer company is open to such people who themselves are the primary producers of any agricultural product.