Producer Company
Producer company registration including Incorporation kit and share certificates.
- Company Registration
- Share certificates
- Current Account opening
- GST Registration
- 10 Digital Signatures
- 1 RUN Name Approval
Market Price: | ₹10000 |
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Professional Services Price: | ₹7342incl. GST |
Government Fee: | Included |
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Farmer Producer Company Registration in India
What is a 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.
Producer Company Aims at
The producer company primarily deals with the production of its active members. It is allowed to carry on any of the following activities by itself or through other entities on behalf of the members.
- Processing includes preserving, drying, distilling, brewing, vinting, canning, and packaging its members’ produce.
- Manufacture, sale, or supply of machinery, equipment, or consumables mainly to its members
- Provide education to the mutual assistance principle to its members and others
- Render technical services, consultancy services, training, research and development, and all other activities to promote its members’ interests.
- Activities for the promotion of the interest of its members
- Generating, transmitting, and distributing power, revitalizing land and water resources, using conservation and communication, are relatable to primary produce.
- Insurance of producers or their primary produce
- Promoting techniques of mutuality and mutual assistance
- Welfare measures or facilities for the benefit of members as decided by the board
- Any other activity, ancillary or identical to any of the actions which promote the principles of mutual assistance among the members in any different manner
- Financing of procurement, processing, marketing, or other activities which include extending of the credit facilities or any other financial services to its members.
Documents Required for Producer Company Registration
For Directors and Shareholders
- Scanned Copy of PAN Card
- Scanned copy of Voter’s Id/ Passport/ Driver’s license
- Scanned copy of the latest bank statement/ Telephone or mobile bill/ electricity or gas bill
- Passport size photograph
For the Registered Office
- Scanned copy of the Latest Bank Statement/ Telephone bill or Gas bill
- Scanned copy of the notarized rental agreement
- Scanned copy of the NOC from the property owner
- Scanned copy of sale deed or property deed
Types of Producer Companies
- 1 Production Businesses
Production, Procurement manufacture of its members and others’ primary producer is the producer companies’ primary function.
- 2 Marketing Businesses
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.
- 3 Technical Service
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.
- 4 Finance Business
A business financing producing activities then be it production, or marketing r development it can register itself as a producer company.
- 5 Infrastructure business
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.
What are the Benefits of Registering Producer Companies?
Producer Company – Key features
Limited Liability
The members of a producer company have unlimited liability as the company is an entity in itself. The amount invested in the business would be lost, and the directors’ property would be safe.
Better Management
Rather than a single farmer managing their entire business, producer companies’ work is divided among the directors. The entity is governed by the Management Board, which has a tenure of five years.
A producer company has a separate legal existence, which means that it is not affected by any of its members’ death.