COMPANY LIMITED BY SHARES ARTICLES OF ASSOCIATION
OF
SHETIPANDHARI FARMER PRODUCER COMAPNY LTD
INTERPRETATION
The company or “this company” means “SHETIPANDHARI FARMER PRODUCER COMAPNY LTD”
In this part, unless the context otherwise requires.
a. “Act” means Companies Act, 2013 and its statutory modifications from time to time and all rules made there under.
b. “Active Member” means a member of this producer company, which fulfils all qualification for active membership as laid down in the Articles.
c. “Board of Directors” or “The Board” means the Board of Directors for the time being of the Company.
d. “Chief Executive” means an individual appointed as such under sub-section (1) of section 378W(1) of the Companies Act, 2013
e. “Directors” mean the Directors for the time being of the Company.
f. “Limited Return” means the maximum dividend as may be specified by the Board.
g. “Member” means a person or a producer institution (whether incorporated or not) or a co operative society admitted as a member of a producer company and who retains the qualifications necessary for continuation as such;
The membership shall be voluntary and available to all eligible persons who, can participate or avail of the facilities or services of the company and are willing to accept the duties of membership.
h.”Inter-state Co-operative society” means a multi-state co-operative society as defined in clause (p) of section 3 of the Multi State Co-operative Societies Act,2002 (39 of 2002) and includes any co-operative society registered under any other law for the time being in force, which has, subsequent to its formation, extended any of objects to more than one state by enlisting the participation of persons or by extending any of its activities outside the state, whether directly or indirectly or through an institution of which it is a constituent.