Producer Company Registration

Get Registered

DSC and DIN

Name reservation via RUN (One Time)

MOA and AOA

Certificate of Incorporation

PAN & TAN

Note: – Difference in Stamp duty as per State Stamp Act if any shall be paid by the client.


Introduction

What is Producer Company?

Producer Company means a corporate body having objects or activities as specified under the Companies Act, 2013. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce.

In a producer company, you can appoint Farmers as members and accept deposits in the form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them. Producer Company Registration is done through Corporate Advisor.

Indian Economy is largely Agriculture based and over 85% of the Farmers in India are small and marginal farmers. This fragmentation in farmers and farm lands, leads to disorganization and it is not viable for Indian farmers to adopt the latest technologies.By organization of these farmers into producer companies, economies of scale can be unlocked and the livelihood of farmers can be improved. Thus the basic concept behind producer company is empowering farmers by creating group of farmers organized as a Producer Company. Producer Company is registered with a minimum paid up capital of Rs. 5 lac having minimum five directors and ten members.

What Makes a Producer Company, So Unique

Separate Legal Existence

Producer Company is a separate legal entity from its promoter or shareholders. That is the members of the Company have no liability to the creditors of a Company for any debts. It can own property and also incur debts

Perpetual Succesion

A Producer Company being a separate legal person is unaffected by death or disability of any director. It continues to exist unless and until it is winded up legally.

Limited Liability

Limited liability means the liability of the members is limited to the extent of their share taken up by them. There is no personal liability of director(s)/shareholder(s).

Better Credibility

Producer Company are registered and monitored by Central Government therefore it enjoys better credibility when compared to any unregistered Producer Organizations

Limited Liability

Limited liability means the liability of the members is limited to the extent of their share taken up by them. There is no personal liability of director(s)/shareholder(s).

Documents Required

  Self Attested copy of PAN for Indian Nationals and Notarised Passport for Foreign Nationals.

  Self Attested copy of Identity Proof of all the Directors and Shareholders- Voter Id/ Driving License/ Passport/ Aadhar Card/
   Bank Statement / Electricity Bill (Any One.)

  Self Attested copy of Additional Identity Proof of all the Directors and Shareholders - Bank Statement / Electricity Bill/
   Telephone Bill/ Gas connection Bill (Any One).

  Municipal Registered Deed/ House Tax Paid Receipt of the Registered Office (if owned) Rent Agreement & NOC is also
  required in case property is not owned.

  Additional Proof of the Registered Office- Electricity Bill/ Telephone Bill/ Mobile Bill (Any One.)

  Bank Statement/ First Page of Pass Book/ Printed Cancelled Cheque is required for Bank Account proof which must contain
   Account No & IFSC Code (For GST Registration).

  Required Business Name.

  Hard Copy of Digital Signature Application Form signed Individually by all the Directors/ Subscribers.

What we can do

We at Compliance Advisor are providing registration and Compliances services in India, offering registrations of Limited Liability Partnerships (“LLPs”), Partnerships, Private Limited Company, Public Limited Company, one person company (“OPCs”), Nidhi Company, Section 8 Company, Producer Company and Indian Subsidiary of a Foreign entity.

Average 10-15 working days required to complete a Incorporation, subject to submission of complete documents by the client and the government processing time. For any query related to Incorporations and business formation in India, get free advice by scheduling an appointment with a Compliance Advisor.