PRODUCER COMPANY

Producer Company

Producer Company is registered with an objective to carry on following activities such as Production, harvesting, procurement, grading, pooling, handling,marketing, selling, export of primary produce of the Members or importgoods for their benefit..In a country like India, where about 85% farmers have small land-holdingsof less than 2 hectares, these producer companies are certainly of immense utility and great benefit to the member agriculturists and farmers.

In a producer company, you can appoint agriculturist members and accept deposits in the form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them.

Advice Brain helps you to register your Private Limited Company. We extend our full support in documentation, preparation, filing and subsequent Follow-up with Authorities and complete the entire process in 20-30 Working days.

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Producer Company

BENEFITS

  • Limited Liability
  • Separation of Management & Shareholders
  • Separate Legal Entity
  • Perpetual Succession
  • Greater credibility then unregistered organizations of agriculturists/farmers
  • Acceptance of deposits or advancing loans to agriculturist members at reasonable rates of interest.

Eligibility

  • Any ten or more individuals each of them being a producerOr any two or more Producer InstitutionsOr Combination of 10 or more individuals and Producer Institution
  • Minimum 5 Directors
  • Minimum capital of Rs. 500,000
  • Incorporate only as private limited company.

Procedure for Producer Company

Digital Signature of Director

We will start the procedure by applying for Digital Signature Certificates

Verification & Name Approval

The name must be unique and should not be same or similar to an existing company, LLP or a trademark.

Prepare MOA, AOA and other incorporation documents

SPICE Form is filed for incorporation of the company

PAN,TAN & GSTIN

File incorporation documents & obtain Certificate of Incorporation, PAN, TAN & GSTIN

Opening of Bank Account

Open a Bank Account in the name of the Company and transfer the amount of shares subscribed by the subscribers.

Documents Required for Private Limited Company

  • Passport size photograph of directors & Subscribers
  • Copy of PAN Card of directors & Subscribers
  • Copy of Identity Proof (Voter identity card/Driving license/Passport) of directors & Subscriber
  • NOC from the owner of premises (Format will be provided)
  • Copy of Rent agreement (If rented property)
  • Copy of Property papers (If owned property)
  • Copy of Latest Residential Proof (Bank Statement/Electricity Bill/ Telephone Bill/ Mobile Bill) of directors & Subscriber
  • Latest Utility Bill (Must be Latest)
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FREQUENTLY ASKED QUESTIONS

Minimum of five directors are required to register a Producer Company.
YES, Any individual/organization can become the member of Producer Company
It is valid as long as the company is fulfilling all the compliances required under law
DSC stands for Digital Signature Certificate. It is basically a pen drive containing your signature in a digital form and is password protected.It is mandatorily required to sign the various incorporation applications by directors and shareholders digitally. It is only issued by government authorized agencies.
MOA and AOA are main documents of the company. It defines the business objectives and rules & regulations of the company. It is drafted by our professionals and delivers to you along with Certificate of incorporation
  • Copy of Rent agreement (If rented property)
  • Copy of Property papers (If owned property)
  • NOC from the owner of premises (Format will be provided)
  • Utility Bill (Must be Latest)
A no objection certificate must be obtained from the owner of the premises. The NOC need to be obtained on plain paper.
A registered office must be capable of receiving and acknowledging all communications and notices as may be addressed to it. All the statutory records of the company also need to be maintained at the registered office hence having registered office address at coworking space is not acceptable unless this is a lockable area
The Director must have attained 18 years of age and should be must be a natural person. The Director must be involved in farming activities.
Advice Brain helps you to register your Producer Companyand complete the entire process in 20-30 Working days. We extend our full support in documentation, preparation, filing and subsequent Follow-up with ROC and other authorities

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