OVERVIEW

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.

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

Documents required for Producer Company Registration

REGISTRATION PROCESS

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

WHY US

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 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 of as Producer Company Registration in India

• 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.
• 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.
• 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.
• 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.
• Access to Government Schemes: A Producer Company is eligible to avail various government schemes and subsidies, providing better financial support for the primary producers.
• Improved Infrastructure: A Producer Company can invest in infrastructure development, such as warehouses, processing units, and transport facilities, which can benefit the primary producers.
• 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.
• Democratic Control: A Producer Company is governed by its members, providing them with democratic control over the company’s operations and decision-making processes.
• 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.
• 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.