According to sec 465 (1), producer companies are being governed by Part IX A of the Companies Act, 1956 until a Special Act is enacted for such companies.

Producer Company means a body corporate which has, as its objects or activities specified in section 581B of the Companies Act, 1956.

However, according to The Companies (Amendment) Bill, 2020 it is proposed that a new Chapter XXIA, Section 378A to 378U relating to Producer Companies on similar lines as in 1956 Act be introduced.