Ask 4 Compliance | Producer Company
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PRODUCER COMPANY

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Producer Company Registration

Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.

Over 85% of the Farmers in India are small and marginal farmers with land holdings of less than 2 hectares. This fragmentation in farmers and farm lands, leads to disorganization and it is not viable for Indian farmers to adopt the latest technologies. By organization of these farmers into producer companies, economies of scale can be unlocked and the livelihood of farmers can be improved. Thus the concept of Producer Company is aimed at empowering farmers by creating clusters of farmers organized as a Producer Company. A producer company should be named using the following suffix “…..Producer Company Limited” appropriately indicating its status as a producer company.

Our team of highly qualified professionals at Ask4compliance.com can help you to establish a Producer Company to start your business as a corporate entity.

Process & Timeline

20-30 days

Professional Fees

As per specific nature of work

(GST, Government Fees and other Out of Pocket Expenses Extra)

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ADVANTAGES OF PRODUCER COMPANY

  • Separate Legal Entity: A producer company is a legal entity and a juristic person established under the Act. Therefore, a producer company has wide legal capacity and can own property and also incur debts. The members (Directors) of a producer company have no liability to the creditors of a producer company.
  • Easy Management: The Board of Management of a producer company can be easily changed by filing simple forms with the Registrar of Companies. The Board of Management of a producer company controls the activities of the producer company.
  • Uninterrupted Existence: A producer company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved. A producer company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
  • Owning Property: A producer company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No member can make any claim upon the property of the producer company as long as it is a going concern.
  • Better Credibility: A producer company enjoys better credibility when compared to unregistered producer organizations. Producer companies are registered and monitored by the Central Government. Producer Organization are on the other hand governed and monitored by State Governments.

DOCUMENTS REQUIRED FOR REGISTRATION OF PRODUCER COMPANY

  • Passport size photographs of Director and Shareholders.
  • Proof of identity and address for each of the Directors: Self attested copy of Pan Card, Voters Identity Card/Aadhaar Card/Passport/Driving license as a proof of identity and address proof
  • Proof of identity and address for each of the members: Self attested copy of Pan Card, Voters Identity Card/Aadhaar Card/Passport/Driving license as a proof of identity and address proof
  • E-Mail id and Mobile number
  • Premises Address Proof
    • If Rented: Rent Agreement and utility bill likely electricity bill, telephone bill, etc. and No Objection Certificate from owner.
    • If Owned: Ownership proof. Receipt of Municipality tax paid

Minimum Requirements for Incorporation of a Producer Company:

  • Ten or more individuals, each of them being a producer.
  • Every Producer Company should have a Board of Directors of not less than five and not more than fifteen.
  • Two or More Producer institutions can form a Producer Company.
  • A combination of ten or more individuals and producer institution(s) can form a Producer Company.

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