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    Producer Company

    Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post-harvest processing activities.

     

    The concept of Producer company is aimed at empowering farmers by creating clusters of farmers organized as a Producer Company. The main objective includes production to its selling and exporting also. For the purpose of incorporation of producer company, Part IXA of Companies Act, 1956 is applicable until any special Act is enacted for such companies.

     

    ComplianceIndia can be your legal and professional partner in India to help you understand how to register Producer Company in India quickly and cost-effectively.

    Advantages of Producer Company

    Limited liability of Owners

    Limited liability of Owners

    Benefits to Members

    Benefits to Members

    Separate Legal Entity

    Separate Legal Entity

    Tax Benefits

    Tax Benefits

    Benefits of Various Government Schemes

    Benefits of Various Government Schemes

    Perpetual Existence

    Perpetual Existence

    Owing Property in its Name

    Owing Property in its Name

    Eligibility to form a Producer Company

    – Ten or more individuals, each of them being a producer; or
    – Two or more producer institutions; or
    – A combination of ten or more individuals and producer institutions
    – Minimum 5 Directors
    – Minimum Paid-up capital must be Rs. 5 lakh

    How we Work?

    Step 1

    Fill-up our Contact Form and Submit

    Step 2

    Our Expert/ Legal Professional will contact you and provide brief guidance into the related context

    Step 3

    All Required Documents and Details to be provided as discussed with our Expert

    Step 4

    Our Expert will start Drafting of required documents for registration process

    Step 5

    Drafting of MOA & AOA

    Step 6

    Application for DSC of the Directors

    Step 7

    Once all required documents are prepared, Our Expert will file required E-Form with ROC.

    Step 8

    On Successful filing of Form with ROC, Certification of Incorporation will be issued to you by ROC.

    Packages

    Consultation Charges

    Nil

    Complete assistance by Experts or Professionals indicating Process, Documents required, Benefits, Tax compliance, Legal Compliance, etc.

    Basic Plan

    Rs. 12,999/- only

    • – Registration of your Producer Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of all Directors
    • – PAN and TAN Registration
    • – Legal Drafting of documents
    • – ROC Filing
    • – Expert advice from Experts/ Legal Professionals

    Advance Plan

    Rs. 24,999/- only

    • – Registration of your Producer Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of all Directors
    • – PAN and TAN Registration
    • – GST Registration
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Current Account Opening in your nearest Branch
    • – Appointment of First Auditor
    • – MCA Annual Filing for first year
    • – DIR-3 KYC filing
    • – Expert advice from Experts/ Legal Professionals

    Ultimate Plan

    Rs. 34,999/- only

    • – Registration of your Producer Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of all Directors
    • – PAN and TAN Registration
    • – GST Registration
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Current Account Opening in your nearest Branch
    • – Trademark Application
    • – Appointment of First Auditor
    • – MCA Annual Filing for first year
    • – DIR-3 KYC filing
    • – Income Tax Return filing of Company
    • – GST Return filing for 12 months
    • – Expert advice from Experts/ Legal Professionals

    Documents Required for ProducerCompany Registration

    Photograph

    Latest passport size photograph in jpg format of all directors.

    PAN card

    Self-attested Copy of PAN card of all Directors.

    Identity Proof

    Self-attested Copy of Aadhaar Card/ Voter ID/ Passport/ Driving License of all Directors.

    Directors Address Proof

    Self-attested Copy of Aadhaar Card/ Voter ID/ Passport/ Driving License or Bank Statement/ Utility Bills not older than 2 Months of all Directors

    Office AddressProof

    Copy of Electricity bill or Sale Deed or rent agreement and latest self- attested electricity bill in case of rented accommodation not older than 2 months.

    NOC from owner

    No Objection Certificate to be obtained from the owner(s) of registered office.

    DSC

    In case not having a valid DSC, then for obtaining DSC of all Directors, alongwith above documents, DSC Application Form and Video Verification as per the latest guidelines of DSC issued by CCA is required.

    Unique Name

    Four-Five Unique names in Preference order indicating the business of the Proposed Company.

    Comparison with other forms of Business

    Form of Business Producer Company Co-operative Society
    Registration Indian Companies Act Cooperative Societies Act
    Objectives Multiple objectives Single object
    Area of Operation Across India Restricted
    Membership Any individual, group, association, producer of goods or services Individuals and cooperatives
    Share Non-tradable but transferable among members at par value Non-tradable
    Profit Sharing Depends on the volume of business Limited dividend
    Voting rights One member, one vote. Members not having transactions with the company cannot vote One member, one vote, but Government and Registrar of Co-operatives hold veto power
    Government
    control
    Minimal, limited to statutory requirements Highly patronized to the extent of interference
    Reserves Mandatory to create every year Created if there are profits
    Borrowing
    power
    Borrowing limit fixed by Special Resolution in general meeting. Companies have more freedom to raise borrowing power Restricted as per bye-law. Any amendment to bye-law needs to be approved by the Registrar and time consuming.
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    Frequently Asked Questions

    1. What is Producer Company?

    Producer Company is the company registered under the Companies Act 2013 with the objective of harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary products of its members and import of goods or services for the benefit of its members.
    Produce are all those things that have been produced or grown especially by the process of farming. A producer company deals primarily with agriculture and post-harvest processing activities.
    The concept of Producer Company is based on empowering farmers by creating clusters of farmers organized as a Producer Company.

    2. What are the types of Producer Companies?

    There are following types of Producer Companies: –
    i) Production Businesses: Those who mainly involved in production, procurement or manufacture of any primary produce for its members.
    ii) Marketing Businesses: Those who involved in the marketing or promotion of primary produce or provision of educational services of its members
    iii) Technical Services Businesses: Those who are offering technical assistance to producers, providing training and education or conducting research and development
    iv) Financing Businesses: Any business financing producer activities, be it marketing, producing, development domain can register as a producer company.
    v) Infrastructure Businesses: Business involved in providing infrastructure to producers whether, in the form of electricity, water resources, irrigation techniques, land utilization may constitute themselves as a producer company.

    3. What are the minimum requirements to register a Producer Company?

    Following are the minimum requirements to obtain registration as producer company:
    1) The main object of the Company must be to as provided in Section 581B of Companies Act, 1956
    2) Minimum 10 individuals (who are a producer) or at least 2 producer institutes must subscribe the shares of the company
    3) Minimum 5 directors in the company, one of which must be Indian citizen and resident
    4) The registered office of the company must be situated in India

    4. What are the documents required for registration?

    Identity proof and address proof is mandatory for all the proposed Directors of the Producer Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

    5. What is the minimum capital requiredto register a Producer Company?

    There is no minimum amount of capital prescribed for the charitable company. The promoters may introduce the amount sufficient to start and run a business.

    6. How many Directors are required to register a producer company?

    A minimum of five Directors are required to register a Producer company in India.

    7. What is the Period of Directorship?

    The Minimum period for directorship is 1 year and the maximum is for 5 years. But the retired director shall be eligible for appointment.

    8. What are the requirements to be a Director?

    The Director needs to be over 18 years of age and must be a natural person. The Director must be involved in farming activities.

    9. How long is the registration of the Company valid for?

    Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

    10. Is an office required for starting a Producer Company?

    An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / agricultural / residential where communication from the MCA will be received.

    11. Do I have to be present in person to incorporate a Producer Company?

    No, you will not have to be present at our office or appear at any office for the registration of a Producer Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.

    12. Can NRIs/Foreign Nationals be a Director in a Producer Company?

    Yes, an NRI or Foreign National can be a Director after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be an Indian citizen and a resident.

    13. What is the requirement of appointing a Company Secretary in Producer Company?

    Every Producer company having an average annual turnover exceeding Rs. 5 crores in each consecutive 3 financial years shall compulsorily appoint whole-time Company Secretary.

    14. Whether appointment of Chief Executive is mandatory?

    Yes, every Producer Company shall have a full time Chief Executive, by whatever name called, to be appointed by the Board from amongst persons other than Members.

    15. Who is the Chief Executive of a Producer Company?

    The Chief Executive Officer shall be an ex-officio director and shall not retire by rotation.

    16. Whether Producer Companies can appoint Committees?

    The Board may constitute such number of committees as it may deem fit for the purpose of assisting the Board in the efficient discharge of its functions provided that the Board shall not delegate any of its powers or assign the powers of the Chief Executive, to any committee.

    17. What are the provisions with respect to Annual General Meeting for Producer Company?

    Every Producer Company shall in each year, hold, in addition to any other meetings, a general meeting, as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a Producer Company and that of the next.

    18. Whether shares of Producer Companies are transferable?

    A Member of a Producer Company may, after obtaining the previous approval of the Board, transfer the whole or part of his shares along with any special rights, to an active Member at par.

    19. How long will it take to incorporate a Producer Company?

    ComplianceIndia can incorporate a Producer Company in 20-30 working days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

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    WHY TO CHOOSE US

    Recognised by Govt. of India

    We are Govt. recognised registered Company providing Financial and Legal aspects to clients all over India.

    Professional & Experienced Team

    We are a strong team of 25 energetic people with 2 Chartered Accountants and 4 Company Secretaries.

    Quick Turnaround Time

    From our past records, we assure you 100% accuracy in services we provide within the timeframe mentioned.

    Cost Effective Service with Easy EMI

    With us, you can be confident that needs will be met and agreed-upon services will be provided at a fair price with an option of Easy EMI.

    5000+ Satisfied Customers

    We provide financial, taxation and regulatory services to more than 5,000 Individuals and Businesses.

    ISO 27001:2013 Certified for Data Security

    Certified Service provider for quality standards, data security and confidentiality.

    Transparent Process & No Hidden Charges

    We practice transparent pricing for all services and separate cost into three categories, our fee, government fee, and GST. No Hidden Cost.

    All services under one roof

    From incorporation to routine finance, tax and regulatory services till Closure/ wind-up for businesses and Individuals.