Section 581ZN(13) in The Companies (Amendment) Act, 2002
(13)Where a Producer Company divides itself into two or more Producer Companies in accordance with the provisions of clause (b) of sub- section (1) and the new Producer Companies are registered in accordance with the provisions of sub- section (8), the re istration of the erstwhile Producer Company shall stand cancelled forthwith and that Company shall be deemed to have been dissolved and cease to exist as a corporate body.
