Farmer Producer Company Registration!
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Farmer Producer Company Registration Process
What is Producer Company?
A Producer is any person engaged in any close-knit or related activity to the primary producers. A Producer Company is thus an umbrella term that includes all of the following.
Producing, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting the primary producers of the members, or the imports of goods or services.
How to Incorporate a Producer Company in India?
The registration process for Producer Company and Private Limited Company is very similar.
The first step is to obtain the DSC and DIN for the Producer Company's proposed first Directors.
An application for name reservation can be filed with the Registrar of Companies (ROC) after obtaining the DSC and DIN.
The name should end with 'Producer Limited Company'.
After receiving the ROC's name approval, file the incorporation application in the prescribed format for incorporating the Producer company.
The Certificate of Incorporation is issued if the registrar is satisfied with the application for the Incorporation of the Producer company.
The functioning of the producer company is similar to the Private Limited company. But unlike the Private Limited companies, there is no limit on the number of members.
Even if the Producer Company's name ends with the words "Producer Limited Company", it shall under no circumstance become or be deemed a public limited company.
Types of Producer Companies
Production, Procurement manufacture of its members and others' primary producer is the producer companies' primary function.
A business involved in the marketing or promoting the primary produce or provision of education services to members and others can also constitute itself as a Producer company.
Any business that offers technical assistance to the producers, Provides training and educational services, or conducting research and development can register as a Producer in India.
A business financing producing activities then be it production, or marketing r development it can register itself as a producer company.
The business involved in providing infrastructure to the producers, whether in the form of electricity, water resources, irrigation techniques, or consultation regarding the same, may also constitute themself as a Producer company.
Benefits of Producer Companies
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 License
For the Registered Office
Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Scanned passport-sized photograph specimen signature
Scanned copy of the latest bank statement/telephone bill
NOC from the owner of the premise
(Format provided by us)