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REGISTRATION PROCESS OF FARMER PRODUCER COMPANY

A Producer Company was brought in India with the Companies Act, 2013. It offers men and women engaged in activities associated with producing (what has been grown or produced, especially via means of farming) the possibility to form a company. A producer company may be shaped through 10 or extra producers (men and women concerned in, or in activities associated with, produce or growth), or extra producer establishments or a mixture of 10 or extra producers and producer establishments. Such a company requires no less than 5 directors and an authorised capital of Rs. 5 lakh. The technique for forming a Producer company is much like the only for forming a private company.


Documents Required for Producer Company Registration


TO BE SUBMITTED BY DIRECTORS & SHAREHOLDERS

  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

  • Scanned copy of Voter's ID/Passport/Driver's Licence

  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

  • Passport-size Photograph

  • Specimen signature (blank document with signature [directors only])


In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).


FOR THE REGISTERED OFFICE

Any one of the following:

  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

  • Scanned copy of Notarised Rental Agreement in English

  • Scanned copy of No-objection Certificate from property owner

  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)


Note: Your registered office need not be a commercial space; it can be your residence, too.


PROCEDURE FOR THE REGISTRATION


  1. You will have to go to the Ministry of corporate affairs website in order to incorporate your company.

  2. Now you have to create an account on the website.

  3. MCA website in your window now. Click on MCA services and select Spice+.

  4. Following the next window, click on the New application.







5. You can see part A of the form.

6. Fill in the details and select the options as per your company structure.

7. Next section is the main division of industrial activity. In the main division of industrial activity you will have to select the business activity code. Click on this https://www.registerkaro.in/main-division-of-industrial-activity-code to get you Business Code.

8. Next you will have to enter two names for your business which ends with “Farmers producer company”.

9. Once you are done with the following steps, click on auto check. Once your name gets approved you will get a confirmation alert. After the alert you will get two options

(a) Incorporate now

(b) Reserve name

10. If you want to reserve your name for the future and not incorporate now, then click on the second option, else go for the first option.