Producer Company Registration

Producer Company Registration

    About Service
The concept of Producer Company was recognised for the first time by the Companies Act, 2013. It gives persons engaged in activities related to produce (especially farming) the opportunity to form a company. There must be 10 or more members to form a Producer company. Also, these members must be engaged in activities related to produce or growth. Another way of forming Producer company is coming together of two or more producer institutions; or a combination of 10 or more producers and producer institutions. Other requirements are that it can have only equity capital, a minimum of five directors and an authorised capital of Rs. 5 lakh. The process for registering a producer company similar to that of a private limited company.
 Timeline: 25-30 Working days
 Package Inclusions
  • DSC
  • DIN
  • Company Name Approval
  • MOA
  • AOA
  • Format for NOC
  • PAN Application
  • TAN Application
  • Filing of Forms
  • Certificate of Incorporation
 Documents Required
  • DSC
  • DIN
  • MOA
  • AOA
  • PAN Card
  • ID Proof (Voter ID, Passport, Aadhaar Card or DL)
  • Address Proof (Bank Statement/Passbook, Electricity Bill, Telephone Bill or Mobile Bill ( None should be older than two months)
  • Passport size photograph
  • Registered Office Proof:
  • If premises are on rent: Rent Agreement + Utility bill (Electricity bill, Gas bill, Telephone Bill, Water Bill) + Signed NOC
  • If Premises are owned: Ownership Proof + Utility Bill (Electricity bill, Gas bill, Telephone Bill, Water Bill) + Signed NOC
 Process Details
  • Obtaining DSC & DIN
  • Name Approval
  • Preparation of MOA and AOA of the proposed Producer Company
  • Making application for incorporation of Company
  • Filing of Forms such as DIR-12 and INC-22 along with other documents to RoC
  • Filing of application for PAN & TAN
  • Once ROC is satisfied, Certificate of Incorporation is granted
 Key Advantages
  • Limited Liability- Shareholders are legally responsible for the debts of the company only to the extent of the nominal value of their share
  • Uninterrupted Existence- The business has separate legal entity and there is continuity even if any of the shareholders die
  • Better Credibility- A producer company enjoys better credibility when compared to unregistered producer organisations. Producer companies are registered and monitored by the Central Government
  • Easy to Manage- The Board of Management of a producer company can be easily changed by filing simple forms with the Registrar of Companies
  • Ownership- No member can make any claim upon the property of the producer company as long as it is a going concern
  • Limited Liability- In a Producer Company, the members are not held personally responsible for the liabilities of the Producer company
  1. What is a Producer Company?
    A Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the members or import of goods or services for their benefit. Produce consists of things that have been produced or grown, especially by farming. Therefore, a producer company deals primarily with agriculture and post harvest processing activities.
  2. What is the minimum number of Directors required to form a Producer Company?
    A minimum of five directors to register a Producer Company.
  3. Is Physical presence required for incorporation of Producer Company?
    The entire procedure is online and you don’t have to be present at any office for incorporation.
  4. Can NRIs/Foreign nationals become a director in a Producer Company?
    Yes, after acquiring DIN/DPIN an NRI or Foreign national can become a designated partner in Producer Company though atleast one designated partner must be a resident of India.
  5. Who can be a member in a Producer Company?
    Any individual or organization can become the member of Producer Company including foreigners or NRI’s.

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