Producer Company
A Producer company can be defined as a legally recognized body of farmers or agriculturists with the aim to improve the standard of living and maintaining a good status of their available support, incomes and profitability.
Advantages of Producer Company
- Limited Liability
- Economies Of Scale
- Better Management
- Simple management
- Good governance
- Separate legal entity
- Tax benefits
Producer Company Overview
A Producer company can be defined as a legally recognized body of farmers or agriculturists with the aim to improve the standard of living and maintaining a good status of their available support, incomes and profitability. This was introduced in india with the Companies Act of 2013 keeping persons engaged in activities that are related to producing the opportunity to form a company. These companies can only have an equity capital and require a minimum of 5 directors and an authorized capital of 5 lakh . The major benefit includes – harvesting , production , procurement , grading, pooling ,marketing and selling
To register a Producer Company the following members combination is necessary
- Ten or more than 10 individuals, each being a producer; or
- Two or more institutions
- A combination of both having a business objective as one
Types of Producer Companies
-
Production BusinessesProduction, procurement or manufacture of any primary produce for its members and to others are the main functions of the producer companies
- Marketing Businesses
Promotion of primary produce or promotion or marketing of any provision of educational services
- Technical Service Businesses
Providing training and educational services or conducting research and development giving technical assistance
- Financing Businesses
Finance producer activities, be it in the production, marketing or development domain
- Infrastructure Businesses
Provides infrastructure to producers, whether in the form of electricity, water resources, irrigation techniques, land utilization, or consultation
Documents Required for Registration
TO BE SUBMITTED BY DIRECTORS & SHAREHOLDERS
INCORPORATION PROCESS OF PRODUCER COMPANY
- Digital signature
- DIN for directors
- Name approval
- Incorporation - after MCA is satisfied with the application
- Commence
Reviews
Why Choose Us?
Happy Customers
Served more than 5000 customers with our service and have received positive feedback from them
Projects Completed
More than 1000 project has been completed successfully with the acceptance criteria being met . We deliver what we promise
Affordable
you will get professional service at an affordable price
Fast Service
All your service will be provided in a short interval of time with high accuracy
Quick Support
Queries will get sorted within 24 hours
