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[Cites 0, Cited by 0] [Section 581C] [Entire Act]

Union of India - Subsection

Section 581C(4) in The Companies Act, 1956

(4)The Producer Company may reimburse to its promoters all other direct costs associated with the promotion and registration of the company including registration, legal fees, printing of a memorandum and articles and the payment thereof shall be subject to the approval at its first general meeting of the Members.