Producer Company Registration

Overview

In India people are dependent directly or indirectly upon agricultural field. But still being the largest country indulged in agricultural fields, farmers in India are still lacking in technologies and are fully un-organised. Due to failure of crops, because of lack of technologies and facilities many of the farmers opt for suicide. Looking back to this problem Indian government has placed an expert committee to solve all the problems of the farmers. A producer company in India is a company registered under the Companies Act with mutual objectives of agriculture production, procurement, post-harvesting processing activities, import goods, selling and distribution, export of primary production of the members to earn more benefits. A producer company is a committee of 10 or more people and 2 institutions with a joint objective of dealing with agricultural and post-harvesting processing activities. In simple words, it is a cluster of farmers who joint hands for better living and to improve their income.

Requirements to Form a Producer Company

Minimum number of 5 directors and 10 members should be there.
Minimum paid-up capital of Rs. 5 Lakhs is required to form the company.
Company can have as many as members they want as there is no maximum limit of the members.
The Producer Company in India cannot be deemed as a public company.
The former company can have only equity share capital.
There should be at-least four boards meeting every year and the meetings should not be held less than once every three months.

Documents Required for a Producer Company.

PAN Card/ Passport/ Election ID Card of all the directors and shareholder
Latest Bank Statement
Voter's ID/Driver's License/passport of all the directors and shareholders
Passport-sized photographs of all directors and shareholder
Copy of any Utility bill as a residential proof
In case of r In case of owned Property, a copy of Property Papers. ented property a scan copy of Rent agreement along with NOC from the owner

CA Desk is a team of highly professional CA, CS, Lawyers who driving towards the integration of technology with traditional practices to cater to the need of MSMEs in the fast-moving and cost-effective world.

Malik Habib Complex
+91-8494-046-658
(10am - 05pm)

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