Looking for Company Registration Services ?

OPC, Pvt/Public Company Registration, LLP, FCRA, Trademark Registration

Request for Call Back

Producer Company Registration in India

A Producer Company deals primarily with agricultural produces and the post-harvest processing activities. Such a company may also export the produces of its agriculturist members and import goods/services for benefits to them. Thus, the basic concept behind establishment of a producer company is to create a cluster of farmers/agriculturists to improve their incomes and the status of their necessary support. Here, it may also be mentioned that, in a country like India where around 85% of the farmers are small and marginal with small land-holdings, these producer companies are certainly of great utility and importance, for uplifting their incomes, profitability of their business, and the standard of their living.

This carefully written concise web-article offers enlightening and useful information about the producer company registration in entire India, and exclusive advantages of this type of a company. The law firm of ours is a hugely popular and reliable firm of India for company registrations, legal services for all major categories of intellectual property, and business/commercial law services. Information regarding how to start a producer company are being provided in the section just below.

Procedure and Documents Required for Producer Company Registration

For formation of a producer company in India, there are required a minimum of Five Directors and Ten Shareholders/Members; there being no limit to the maximum number of its members. A minimum paid-up share capital of INR 5 Lac is also recommended. The procedure and documents required for producer company registration in India are being described below.

The entire procedure for incorporation of a producer company is the same as that for the majority of companies, and involves the following broad processes ---- name approval (INC-1), making of DSCs and DINs, filing the application for incorporation (INC-7), filing forms like DIR-12 and INC-22, and submission of all necessary documents. The integrated form INC-29 may also be used for registration purpose.

Again, the documents required for the purpose of incorporation with the relevant ROC, are the following
  • DSCs and DINs of the proposed Directors, or detailed information and documents related with the directors seeking DINs, such as PAN Card (Passport in case of Foreign national), PP-Sized Photographs, ID Proof, Address Proof, etc.
  • Well-drafted MOA and AOA of the producer company
  • Declarations and affidavits of the directors and members
  • Address proof of the location of the proposed producer company
  • Landlord NOC (Format will be provided)
  • Documents related with the real estate property where the registered office of the company will be located, both in cases of the owned/rented property, to avoid any legal litigations later on.
  • And, other documents deemed necessary.

Advantages of Producer Company Registration

The producer companies have certain exclusive advantages. The most outstanding advantages of producer company are the following:
  • A separate legal entity offering limited liability and perpetuity.
  • Governed by the Central Government, the Producer Companies offer greater credibility than that provided by unregistered producers organizations (which are governed by State Governments).
  • Changes in the Board of Management (which controls all activities of the company) of a producer company can easily and swiftly be made just through filing some simple forms with ROC.
  • A registered producer company is entitled to own, sell, enjoy, or alienate a property in its own name.
  • A producer company can accept deposits in the form of RD/FD, and give maturity as well as distribute loans to its farmer/agriculturist members, and charge reasonable interest from them.
To get more information about the producer company, or avail our brisk and expert services for producer company registration in India, interested people may readily contact over: +91-8800-100-284; or send their queries or requests to: contact@Company-Registration.in .