MCA has notified the Producer Companies (General Reserve) Rules, 2003. These rules shall apply to a Producer Company as referred in clause (l) of section 378A. These rules shall come into force from February 11, 2020.


  1. Change of place of registered office from one State to another. – The Rules 27 (Notice and Verification of Change of Situation of the Registered Office – Form INC 22), 30 (Shifting of Registered office from one State or Union Territory to another state – Form INC 23) and 31 (Certified Copy of Central Government’s Order – Form INC 28) of the Companies (Incorporation) Rules, 2014, including the forms stated therein shall be applied for the purpose of change of place of registered office of a Producer Company from one State to another.
  • Investment of general reserves – A Producer Company shall make investments from and out of its general reserves in any one or in combination of the following, namely: –
  • in approved securities, fixed deposits, units and bonds issued by the Central Government or State Governments or co-operative societies or scheduled bank; or
  • in a co-operative bank, State co-operative bank, co-operative land development bank or Central co-operative bank; or
  • with any other scheduled bank; or
  • in any of the securities specified in section 20 of the Indian Trusts Act, 1882 (02 of 1882); or
  • in the shares or securities of any other inter-State co-operative society or any co-operative society; or
  • in the shares, securities or assets of public financial institutions specified under clause (72) of section 2 of the Act.