A Producer Company is founded to engage in any activity related to or related to primary produce. To put it another way, a Producer Company is a business founded with the primary goal of producing, harvesting, procuring, grading, pooling, handling, marketing, selling, or porting the members' primary produce or importing commodities or services for their profit.
Compliance with company law is a legal requirement for all businesses, and it promotes openness. Consistent compliance improves the company's trust.
The information must be gathered to file the annual compliance report. They are as follows:
In the first board meeting, every director must disclose their stake in any company, firm, or other AOI (including any shareholding interest) by filing Form MBP 1.
Each Financial Year, every company director must file a non-disqualification disclosure.
The Producer Company is required to file an Annual Return in Form MGT-7 with the most up-to-date information on its directors and stockholders.
Financial Statements in Form AOC-4, including the Balance Sheet, Profit and Loss Account, Directors' Report, Cash Flow Statement, Auditor's Report, and Consolidated Financial Statement, must be filed with the Balance Sheet, Profit and Loss Account, Directors' Report, Cash Flow Statement, Auditor's Report, and the Consolidated Financial Statement.
The auditor for the company will be appointed as Directors within 30 (thirty) days of the company's incorporation date. ADT-1 will be used to record the appointment.
All directors must file a form DIR 3 KYC to complete the KYC with the ROC; if you have already filed the form, you must verify the OTP through email and mobile number; otherwise, all new directors must submit this form.
The Return of Deposit should be filed in FORM DPT-3 with the Registrar of Companies.
Yes, a Producer Company must hold a minimum of four Board Meetings with no more than a three-month interval between them.
All MCA-registered businesses must provide a 'Balance Sheet and Profit & Loss Statement with Directors' Report and Auditors' Report' in the appropriate format, including a declaration on the company's solvency. The directors are in charge of this task.
2 of the company's directors must sign the Annual Return.