In the Companies Act 2013, a Producer Company is defined as a company that is formed and registered under the Companies Act, with the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary produce of its members or import of goods or services for their benefit.
The primary produce includes the products of farmers or agriculture, horticulture, animal husbandry, fisheries, dairy, beekeeping, or any other primary produce that is specified by the central government.
A Producer Company is formed by a minimum of 10 individuals or two or more institutions, with at least 5 directors, and it is a separate legal entity. Members of the Producer Company have limited liability, and the liability of the company is limited to the extent of its assets.
The Producer Company is managed by the board of directors, which is elected by the members of the company. The board of directors has the power to make decisions and take actions in the best interest of the company and its members.
Documents required for a Producer company:
- PAN and photo- of each Director and Shareholder.
- ID proof- Any of the following: Aadhar card, voter ID, Driving license & passport- of each director and shareholder.
- Address Proof- Any of the following: Bank statement, Mobile bill, Electricity bill, Landline bill- of each director and shareholder.
- Producer Proof- Khasra - Khatuni/ ITR with Agriculture Income/ Sarpanch letter/ Any other proof that can provide person as producer.
- For registered office- Utility Bill + Rent Agreement + NOC from Owner.
Our Services:
- Digital Signature Certificate (DSC) of 10 members.
- Director Identification Number (DIN).
- Name Approval.
- MOA, AOA and Certificate of Incorporation.
- Stamp Duty of the Respective State.
- PAN and Tan.
- CA Certifications.
- Goods and Service Tax (GST).
Company Registration Cost in India 20,000/-
