Document required for Producer Company Registration
The following documents are required for Producer Company Registration in India:
For all Directors and Shareholders:
- PAN Card
- Aadhaar Card or Voter ID
- Bank Statement (not older than two months)
- Farmer Certificate (if applicable)
For the Registered Office:
- Proof of registered place of business (e.g., utility bill)
- No Objection Certificate from the owner of the property
Additional Documents:
- Digital Signature Certificates (DSCs) for all Directors and Shareholders
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Specimen Signature of Directors
- Consent of Directors in Form DIR-2
- Subscriber Sheet
What is a Producer Company Registration in India
Producer Company Registration is the process of registering a corporate body with the Ministry of Corporate Affairs (MCA) in India, for the purpose of carrying out agricultural production and processing undertakings. A Producer Company can be formed by a minimum of 10 people or two institutions, and its members must be producers of agricultural produce. Read Mor...
Eligibility Of Producer Company Registration In India
To register a producer company in India, the following entities are eligible:
- At least 10 producer individuals, or
- At least 2 producer institutions, or
- A combination of both
Advantages of Producer Company Registration in India
- Improved access to credit: Producer Companies can easily obtain loans and credit from banks and other financial institutions at lower interest rates than individual farmers or primary producers.
- Limited liability: Members of Producer Companies have limited liability, which means they are not personally liable for the debts and obligations of the company.
- Better bargaining power: Producer Companies can negotiate better prices for their members' produce and sell it at higher rates, providing better income opportunities for primary producers.
- Enhanced marketing opportunities: Producer Companies can directly market their members' produce, eliminating intermediaries and increasing profits for primary producers.
- Eligibility for government schemes: Producer Companies are eligible to avail various government schemes and subsidies, providing better financial support for primary producers.
- Improved infrastructure: Producer Companies can invest in infrastructure development, such as warehouses, processing units, and transport facilities, which can benefit primary producers.
- Separate legal status: Producer Companies have a separate legal identity, making it easier to enter into contracts, own property, and sue or be sued in their own name.
- Democratic control: Producer Companies are governed by their members, providing them with democratic control over the company's operations and decision-making processes.
- Social benefits: Producer Companies can provide social benefits to their members, such as education, healthcare, and sanitation facilities, which can improve their standard of living.
- Tax benefits: Producer Companies are 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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Why Choose Us and what will gate from us producer company Registration ?
- Class 3 Digital Signatures
- 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 of Producer Company Registration
- Bank Account Opening
- Free Domain
- Free Website up to 5 pages
- Listing on Social media platforms
- Listing on Google My Business for nearby business
- 20 Razor pay/Payu money payment gateway for online payment
Conclusion - Producer Company Registration
Poducer company registration is a valuable tool for producers to improve their income and livelihoods. The Indian government is taking a number of steps to promote the formation and growth of producer companies, which is leading to a significant increase in the number of producer companies being registered in India. Contact Us