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Producer Company

Producer Company is a company that creates a pool of producers that become members of the company, and the company trades with them helps them financially, accepts support from them, and promotes mutuality and mutual assistance practices. A Producer Company can be founded by 10 (or more) individuals, 2 (or more) institutions, or a combination of the two (10 individuals and two institutions)

You can choose agriculturist members in a producer business, take deposits in the form of RD/FD, supply them with maturity, and distribute loans to your farmer members and charge them interest. Producer Company's primary business is agricultural and post-harvest processing.

• Procurement

• Production

• Harvesting

• Grading

• Pooling

• Handling

• Marketing

• Selling

• Members' primary product is sold or exported, and goods or services are imported for their benefit.

Steps in the Registration Process

1.

Get the DSC and DIN for the Producer Company's proposed first Directors is the first step

2.

An application for a name reservation can be filed with the Registrar of Companies (ROC)..

3.

After receiving the ROC's approval, file the Producer company's incorporation application in the prescribed format.

4.

If the registrar is pleased with the Producer company's application for incorporation, the Certificate of Incorporation is issued.

Different types of Producer Companies

Production Business

Producer firms' main job is producing, purchasing, and manufacturing primary producers for their members and others.

Marketing Business

A Producer company engages in the marketing or promotion of primary products or the provision of education services to members and others.

Technical Service

Producer company provide technical support, offers training and educational services or conducts research and development for its members.

Finance Business

A company that finances related to producing activities, whether production, marketing, or development, can register as a producer company

Infrastructure business

A producer company provides an infrastructure to farmers, whether in energy, water supplies, irrigation techniques, or advice.

Documents Required for Directors

  • Passport Size Photograph.
  • PAN Card
  • ID Proof - Aadhar Card/Voter ID /Driving License /Passport.
  • Address Proof, Bank Statement/Electricity Bill /Telephone Bill / Mobile Bill.

Documents for Registered Office Address

If Property Owned by Directors /Shareholder

  • Sale Deed of Property
  • NOC from the Owner (format given by our company)

If Rented Property

  • Rent Agreement
  • NOC from the Owner (format given by our company)

Any one Document Require from Below

  • Electricity Bill / Telephone Bill / Mobile Bill

Advantage

Limited Liability

Because the producer company is a separate legal entity, its Director have limited liability. The money invested in the company would be lost, but the directors' personal belongings would be safe.

Better Management

The work of producer companies is split among the directors rather than being managed by a single farmer. The Management Board, which serves for a five-year term, is in charge of the organization. A producer company has its legal existence; thus, the death of one of its members does not affect it.

Benefits from Taxes

Producer Company, a farmer has been granted various tax benefits by the government as farmer show humbleness towards their work. If a company is registered as a farmer-producer company then tax exemption depend on the work they carry.

Limitation of Liability

Limited liability in a farmer Producer Firm means that if the company runs into financial difficulties due to its actions, the personal assets of its members are not being used to cover the Producer Company's debts. Members' liability shall be strictly limited.

Investments & Loans

Producer Company’s member are prime producers, if member require fund time to time. Then, a Special provision that is Act 61 of Producer Company provide to its member for loans. If members require funds for farming Producer Company unable to provide them, they can easily borrow from the NABARD bank for a set of time. To suit their demands, the NABARD bank provides loans to farmers for a period of up to six months.

Producer Company Requirements

A minimum of 5 directors is required.

Five lakhs is the minimum capital need.

A group of ten or more producers can create a production company (individuals).

A producer company can be formed by any two or more producing institutions..

It cannot be turned into a public corporation, but it can become a multi-state cooperative society.

What You Will Receive From Us.

Incorporation Certificate

MOA & AOA

Company PAN Card

Company TAN/TDS Number

PF & ESIC Registration

Master File of Incorporation

DIN Number of Directors

DSC

Plans

Rs. 9999 (Excluding Gov. Fee)

Starter

  • 10 DSC (2 Years Validity)
  • 5 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • Expert Support
Rs. 10999 (Excluding Gov. Fee)

Plus

  • 10 DSC (2 Years Validity)
  • 5 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • GST Registration
  • Expert Support
Rs. 19999 (Excluding Gov. Fee)

Pro

  • 10 DSC (2 Years Validity)
  • 5 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • GST Registration
  • After Registration Annual Compliances
  • A. Business Commencement Form Submission
  • B. Auditor Appointment
  • C. Director Kyc
  • D. Annual Compliances
  • E. Company Itr Filing
  • Expert Support

FAQ's

A Farmer Producer Company can be founded by a group of ten or more primary producers, two or more producer institutions, or both. They can work on agricultural produce cultivation, harvesting, procurement, grading, pooling, marketing, and processing, among other things.

The establishment and regulation of the Farmer Producer Company is governed by the requirements of the Companies Act of 2013, as well as the laws enacted as a result of it.

• 10 or more individual members

• 2 or more producers

• A combination of both of the above

A Producer Company must have a minimum of 5 and a maximum of 15 Directors.

The minimum term of directorship is one year, with a maximum term of five years.

For the formation of a Producer Company, a minimum authorized capital of Rs. 5 lakhs is required.

Within three months of becoming a Producer Company Member, each Member must name, in the prescribed manner in the articles, a person to whom his Producer Company shares will vest in the case of his death.

According to the bye-laws, each Producer firm will have an elected Board of Management / Board of Directors. Professionals can be hired to manage the Board's affairs. As the Producer Company's leaders gain expertise, they should entirely take over the company's operations.

The Producer company's goal is to increase the income of its members-producers by aggregate and adding value. As a result, non-member procurement is rarely performed. Market conditions, on the other hand, may occasionally require such purchases. In such circumstances, a Producer company's bylaws should include a clause allowing non-members to be procured.