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Producer Company Registration is for farmers and primary producers to help them to gain easy access to credit, production technology, market, and inputs

INR 27,499 24,499/- including Govt. Expenses Hurry Up!!! Get it now or never in this price.

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Package Inclusions:

  1. Free Incorporation Advisory by expert Chartered Accountant

  2.  DIN and DSC for all 5 Directors

  3.  Company Name Search and Name Approval

  4.  MOA and AOA of the Company

  5. Government Registration Fees

  6.  Corporate Identification Number

  7.  Bank Account Opening Template

  8.  Central Govt. License for producer Company

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Overview

Companies Act, 2013 lists Producer Company as a type of Private Limited Company of which only ‘primary producers’ can become shareholders. The term ‘primary producer’ encompasses a wide range of agricultural activities in addition to vegetation, such as horticulture, beekeeping, pisciculture, animal husbandry, floriculture, re-vegetation etc. Non-agricultural businesses such as handloom, handicrafts etc. are also eligible for registration as a producer company. However, the concept of Producer Companies has been developed mainly for farming and post-harvest processing activities, and is aimed at the empowerment of farmers through better organization.

Minimum 5 directors and 10 producer members (or two or more producer companies) are required for registration of a Producer Company. There can be a maximum of 15 directors. Minimum paid-up capital required is INR 5 Lakhs. Production is not limited to the harvesting of produce; a Producer Company can be involved in other activities also like Production, Technical Assistance/ Training/ R&D for Producers, Infrastructure to Producers, Marketing of Primary Produce, Financing to Producers.

By organization of these farmers into producer companies, economies of scale can be unlocked and the livelihood of farmers can be improved. Thus the concept of Producer Company is aimed at empowering farmers by creating clusters of farmers organized as a Producer Company. Producer companies, unlike OPCs, cannot be converted into any other business structure such as LLPs, Pvt. Ltd. Companies, Public Limited Companies etc. Every Producer Company name must be suffixed by the words “Producer Company Limited”.

Complykart is the Industry leader and trusted Company in Registration and managing hundreds of Companies across India. With a team of expert professionals, we offer exceptional services in minimum time. Get a free consultation for Producer Company registration and business setup in India by scheduling an appointment with our expert professionals.

Advantages

Wider Scope

While Co-operative Societies cannot operate beyond state boundaries, Producer Companies have no such limitation. There is also lesser government intervention as compared to Co-operative Societies.

Limited Liability

While independent farmers and sole proprietors run the risk of being forced to sell personal assets in the face of huge losses, members of a Producer Company are not personally liable for any loss that the company incurs.

Tax Exemption

A Producer Company is exempted from paying Income Tax as this type of Copan is introduced for benefit of farmers and reducing their risk.

Financial Advantages

Multiple farmers can work collectively, thereby lowering costs, reducing risks and enjoy better credit facilities by taking advantage of various central and state government schemes.

Separate Legal Entity and Perpetual Existence

Being a Private Limited Company, a Producer Company also enjoys the status of a juristic person, which means it can acquire, own and alienate property in its name. The company continues to exist even in the event of death or incapacity of any of its directors or members, until it is legally dissolved.

Registration Procedure

  • 1

    Furnish the Pre-requisites

    The documents, as explained by our experts should be readied before starting the registration process. This includes a registered office address with documentary proof.

  • 2

    Obtain Digital Signature Certificate (DSC)

    All document submissions are done electronically and hence every company must obtain a Digital Signature Certificate (or DSC), which is used to verify the authenticity of the documents.

  • 3

    Naming the Company

    Application for name reservation can be made at the MCA. Subject to availability, naming guidelines and MCA processing time, name approval can be obtained in 2-5 working days. The name must end with “Producer Company Limited”.

  • 4

    Company Registration

    Apply for license and obtain certificate of incorporation (COI) for Section-8 Company followed and also includes PAN and TAN. This process typically takes 10 working days.

Documents Required for Registration

  • PAN is mandatory for Member and Nominee.
  • Notarized copy of Passport for Foreign Nationals
  • Reservation of Application of name in RUN Form
  • Identity Proof of Member and Nominee
  • Address Proof of Member and Nominee
  • Copy of Proof of Registered Office Address
  • Written Consent of Nominee in Form INC-3
  • If the place is rented, the No objection certificate from the landlord is required.
  • How Complykart helps in this Entire Process

    Consulting

    Our Producer Company Incorporation experts will provide you best consultancy on Registration procedure and the required documents to be provided.

    Help in preparing Relevant Documents

    We help our clients in preparation of application and necessary documents to be presented to Registrar for Registration.

    Filing of Document with Registrar

    We will fill the e-Form INC- 32, MOA & AOA along with necessary documents required for getting the approval which is obtained within 10 -12 days.

    Follow-Up

    Our experts continuously follow up with the development with the Authorities and ensure speedy registration process.

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