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Producer company registration

“Register for producer company registration and Empower Primary Producers with Better Opportunities”

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About producer company registration

A Producer Company is a type of company registered under the Companies Act, 2013, which is formed by a group of ten or more primary producers or by two or more producer institutions or a combination of both. The main objective of a Producer Company is to facilitate the production, procurement, and marketing of primary produce of its members and to ensure better income and livelihood opportunities for them. The members of a Producer Company can be farmers, artisans, fisherman, dairy farmers, weavers, or any other primary producer who is engaged in the production of goods and services. Producer Company registration involves obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN), drafting of Memorandum of Association (MOA) and Articles of Association (AOA), and filing the registration application with the Registrar of Companies (ROC). The registration process is similar to that of a Private Limited Company, with some additional requirements specific to Producer Companies.

Types of producer company registration :

There are two types of Producer Companies that can be registered in India:

  1. Producer Company with Limited Liability: This type of Producer Company has limited liability, and the liability of its members is limited to the extent of their share capital contribution. Members of this type of company do not have to contribute further in case of any loss incurred by the company.
  2. Producer Company with Unlimited Liability: This type of Producer Company does not have limited liability, and the liability of its members is unlimited. In case of any loss incurred by the company, the members are liable to contribute further, even beyond their share capital contribution. This type of company is rare and not very popular among the primary producers.

Top of Form

 Checklist for producer company registration :

  1. The company must have at least ten or more primary producers, or two or more producer institutions, or a combination of both as its members.
  2. Directors: The company must have at least five and not more than fifteen directors, out of which at least one director must be a primary producer.
  3. Directors and shareholders can be the same person.
  4. An address that acts as a registered address of the company

Documents required for producer company registration

For Director/Shareholders:

  1. Self-attested Pan card
  2. Self-attested Voter id or Driving license or Passport
  3. Self-attested Bank statement or electricity/telephone/mobile bill
  4. Recent passport size photo

For Registered address of company:

If premise is rented/leased

  1. Copy of Electricity bill of the owner
  2. Rent or lease agreement
  3. Noc from owner of property

If premise is Owned

  1. Copy of Electricity bill of the owner

Noc from owner of property

Registration Process of producer company registration

Name Reservation

Procurement of Digital signatures

Preparation of Incorporation documents

Drafting of MOA/AOA

Filling of Incorporation documents with MCA

Filling of Registered office

Filing of commencement of Business after Incorporation

Issue of Share certificate to shareholders

What will you get from Us for producer company registration                                                                                                

  • 10 Class 3 Digital Signatures
  • 5 Director Identification Numbers
  • Company Name Approval
  • MOA/AOA
  • Certificate of Incorporation
  • Company PAN & TAN
  • Company PF/ESI number
  • Company Shop and Establishment Registration
  • Incorporation Kit
  • Hard-copy Share Certificates
  • Commencement of Business Certificate
  • Bank Account opening document
  • Document Formats
  • First auditor appointment

Additional benefit

  1. Bank Account Opening
  2. Free Domain
  3. Free Website up-to 5 pages
  4. Listing on Social media platform
  5. Listing on Google my Business for nearby business

Razor pay/Payu money payment gateway for online  payment

Top 10 advantages of as Producer Company Registration in India

  1. Better Access to Credit: A Producer Company can easily obtain loans and credit from banks and other financial institutions at lower interest rates compared to individual farmers or primary producers.
  2. Limited Liability: Members of a Producer Company have limited liability, which means they are not personally liable for the debts and obligations of the company.
  3. Better Bargaining Power: A Producer Company can negotiate better prices for its members’ produce and sell it at higher rates, providing better income opportunities for the primary producers.
  4. Better Marketing Opportunities: A Producer Company can engage in direct marketing of its members’ produce, eliminating the need for intermediaries, and increasing profits for the primary producers.
  5. Access to Government Schemes: A Producer Company is eligible to avail various government schemes and subsidies, providing better financial support for the primary producers.
  6. Improved Infrastructure: A Producer Company can invest in infrastructure development, such as warehouses, processing units, and transport facilities, which can benefit the primary producers.
  7. Legal Status: A Producer Company has a separate legal identity, making it easier to enter into contracts, own property, and sue or be sued in its own name.
  8. Democratic Control: A Producer Company is governed by its members, providing them with democratic control over the company’s operations and decision-making processes.
  9. Social Benefits: A Producer Company can provide social benefits to its members, such as education, healthcare, and sanitation facilities, which can improve their standard of living.
  10. Tax Benefits: A Producer Company is eligible for various tax benefits and exemptions, such as exemption from dividend distribution tax, and deductions for expenses incurred for rural development activities.

About Producer Company Registration

A Producer Company is a type of company registered under the Companies Act, 2013, which is formed by a group of ten or more primary producers or by two or more producer institutions or a combination of both.

The main objective of a Producer Company is to facilitate the production, procurement, and marketing of primary produce of its members and to ensure better income and livelihood opportunities for them.

The members of a Producer Company can be farmers, artisans, fishermen, dairy farmers, weavers, or any other primary producer who is engaged in the production of goods and services.

Producer Company registration involves obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN), drafting of Memorandum of Association (MOA) and Articles of Association (AOA), and filing the registration application with the Registrar of Companies (ROC).

The registration process is similar to that of a Private Limited Company, with some additional requirements specific to Producer Companies.

Types of Producer Company:

Two types of Producer Companies can be registered in India:

  1. Producer Company with Limited Liability: This type of Producer Company has limited liability, and the liability of its members is limited to the extent of their share capital contribution. Members of this type of company do not have to contribute further in case of any loss incurred by the company.
  2. Producer Company with Unlimited Liability: This type of Producer Company does not have limited liability, and the liability of its members is unlimited. In case of any loss incurred by the company, the members are liable to contribute further, even beyond their share capital contribution. This type of company is rare and not very popular among the primary producers.

 Checklist for Private limited company Registration:

  1. The company must have at least ten or more primary producers, two or more producer institutions, or a combination of both as its members.
  2. Directors: The company must have at least five and not more than fifteen directors, out of which at least one director must be a primary producer.
  3. Directors and shareholders can be the same person.
  4. An address that acts as a registered address of the company

Documents Required for Company Registration

For Director/Shareholders:

  1. Self-attested Pan card
  2. Self-attested Voter id or Driving license or Passport
  3. Self-attested Bank statement or electricity/telephone/mobile bill
  4. Recent passport-size photo

For the Registered address of the company:

If the premise is rented/leased

  1. Copy of the Electricity bill of the owner
  2. Rent or lease agreement
  3. NOC from the owner of the property

If the premise is Owned

  1. Copy of the Electricity bill of the owner
  2. NOC from the owner of the property

 Registration Process of Producer Company

  • Name Reservation
  • Procurement of Digital signatures
  • Preparation of Incorporation documents
  • Drafting of MOA/AOA
  • Filling of Incorporation documents with MCA
  • Filling of Registered office
  • Filing of commencement of Business after Incorporation
  • Issue of Share certificate to shareholders

What will you get from Us for company registration                                                                                           

  • 10 Class 3 Digital Signatures
  • 5 Director Identification Numbers
  • Company Name Approval
  • MOA/AOA
  • Certificate of Incorporation
  • Company PAN & TAN
  • Company PF/ESI number
  • Company Shop and Establishment Registration
  • Incorporation Kit
  • Hard-copy Share Certificates
  • Commencement of Business Certificate
  • Bank Account opening document
  • Document Formats
  • First auditor appointment

An additional benefit of  producer company registration

  1. Bank Account Opening
  2. Free Domain
  3. Free Website up to 5 pages
  4. Listing on Social media platforms
  5. Listing on Google My Business for nearby business
  6. Razor pay/Payu money payment gateway for online payment

Top 10 Advantages to Registering as a Producer Company in India

  1. Better Access to Credit: A Producer Company can easily obtain loans and credit from banks and other financial institutions at lower interest rates compared to individual farmers or primary producers.
  2. Limited Liability: Members of a Producer Company have limited liability, which means they are not personally liable for the debts and obligations of the company.
  3. Better Bargaining Power: A Producer Company can negotiate better prices for its members produce and sell it at higher rates, providing better income opportunities for the primary producers.
  4. Better Marketing Opportunities: A Producer Company can engage in direct marketing of its members’ produce, eliminating the need for intermediaries, and increasing profits for the primary producers.
  5. Access to Government Schemes: A Producer Company is eligible to avail of various government schemes and subsidies, providing better financial support for the primary producers.
  6. Improved Infrastructure: A Producer Company can invest in infrastructure development, such as warehouses, processing units, and transport facilities, which can benefit the primary producers.
  7. Legal Status: A Producer Company has a separate legal identity, making it easier to enter into contracts, own property, and sue or be sued in its name.
  8. Democratic Control: A Producer Company is governed by its members, providing them with democratic control over the company’s operations and decision-making processes.
  9. Social Benefits: A Producer Company can provide social benefits to its members, such as education, healthcare, and sanitation facilities, which can improve their standard of living.
  10. Tax Benefits: A Producer Company is eligible for various tax benefits and exemptions, such as exemption from dividend distribution tax, and deductions for expenses incurred for rural development activities.

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FAQ’s

Ans. Producer Company is a company registered under the Companies Act, 2013, and consisting of only primary producers or individuals involved in the production, harvesting, procurement, grading, pooling, handling, marketing, selling, or export of primary produce.

Ans. Any individual or entity involved in the production, harvesting, procurement, grading, pooling, handling, marketing, selling, or export of primary produce can become a member of a Producer Company.

Ans. The minimum number of members required to form a Producer Company is ten, and all members must be primary producers or involved in production-related activities.

Ans. A Producer Company is registered as a company under the Companies Act, 2013, and has a separate legal identity, while a Cooperative Society is registered under the Cooperative Societies Act and does not have a separate legal identity. A Producer Company has limited liability for its members, while the liability of members in a Cooperative Society is unlimited.

Ans. The procedure for registering a Producer Company involves obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for all proposed directors, applying for name approval, drafting of Memorandum of Association (MOA) and Articles of Association (AOA), filing of registration application with the Registrar of Companies (ROC), verification, and approval, opening of a bank account, obtaining PAN and TAN, obtaining GST registration (if required), and compliance with all the requirements and regulations of the Companies Act, 2013.

Ans. There is no minimum capital required to form a Producer Company, but the capital should be sufficient to carry out the proposed activities.

Ans. A Producer Company is required to comply with various provisions of the Companies Act, 2013, such as holding Annual General Meetings (AGM), maintaining proper books of accounts, filing of annual returns and financial statements with the ROC, and other applicable laws and regulations.

Yes, a Producer Company can be converted into a Private Limited Company by passing a special resolution and complying with the necessary requirements and regulations of the Companies Act, 2013.

Ans. No, a Producer Company cannot issue shares to the public, as it is meant only for the benefit of its members who are primary producers or involved in production-related activities.

Ans. Yes, a Producer Company can provide loans and credit facilities to its members for their production-related activities, subject to compliance with the provisions of the Companies Act, 2013, and other applicable laws and regulations.