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Producer Company|Legal Suvidha

REGISTER PRODUCER COMPANY


Have the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Farmers/Members or import of goods or services for their benefit..

Starting at : ₹ 14999 + Government fee

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PRODUCER COMPANYPRODUCER COMPANY

Producer Company

A producer Company is a company incorporated for the purposes 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. Hence, a producer company primarily deals with agriculture & post harvesting activities. The concept of producer companies was introduced to empower the farmers.

It can be formed by 10 or more producers or two or more producer institutions or a combination of 10 or more producers and producer institutions. It can only have equity capital, require a minimum of five directors and an authorised capital of Rs. 5 lakh. The important point is to noted that it cannot be converted into a public company but can be converted into a multistate co-operative society. Production businesses, marketing businesses, technical service businesses, financing businesses & infrastructure businesses providing services to producers can be registered as a producer company. The process of registering a producer company is similar as a private limited company.

           
         


Why Producer Company?



SEPARATE LEGAL ENTITY A Producer company is considered as a separate legal entity for the purpose law. Accordingly, it can hold property in its own name, sue & be sued, borrow in its own name etc.
LIMITED LIABILITY The members are considered separated from company. So, they are not liable for the creditors of the company.
NO CLAIM ON PROPERTY OF COMPANY Since, it is considered as a juristic person, no member can claim any rights over the property of a Producer Company as long as it is going concern.
PERPETUAL SUCCESSION The existence of a producer Company does gets affected due to departure or death of any member.
CREDIBILITY A Producer Company enjoy better credibility as it is registered and managed by central government in contrary to mutual benefit organisations which are registered & monitored by state governments.


           
         


Producer Company Registration Process




1
Obtaining DSC & DIN
2
Name Approval
3
Drafting MOA And AOA Electronically
4
Company Registration












Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Company which is necessary to file the company registration documents. For this, you will only need to provide a few scanned documents and details; our representatives will fill the form and submit it online. DIN and DSC can be obtained for the proposed Directors within 1 to 2 days.

           
         


Documents required for Producer Company



To be Sbmitted by Directors & Shareholders

1. Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

2. Scanned copy of Voter's ID/Passport/Driver's License

3. Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

4. Scanned passport-sized photograph

5. Specimen signature (blank document with signature [directors only])

For The Registered Office

1. Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill


2. Scanned copy of Notarised Rental Agreement in English


3. Scanned copy of No-objection Certificate from property owner


4. Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

           
         

Frequently Asked Questions





How many people are required to register a producer company?
Atleast 5 people are required to register a producer company in India.

What is the validity period of registration of a producer company?
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

What is Director Identification Number (DIN)?
It is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a DIN. It never expires and a person can have only one DIN.

What is a Digital Signature Certificate?
It is an electronic version of a physical signature. It can be used to verify documents in the company registration process.

What are auditing requirements of a producer company?
The books of a producer company need to be audited from its very first year. And in case turnover crosses Rs. 5 crore, it must employ a full-time company secretary to manage its affairs.



           


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Transparent Pricing

100% Client Satisfaction