Producer Company

Starting from INR 45,999

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Producer Company

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 of those goods/related goods which are produced through or associated with farming.

“A producer company can be formed by 10 or more producers (persons involved in, or in activities related to, produce or growth), two or more producer institutions or a combination of 10 or more producers and producer institutions. Such a company can only have equity capital, require a minimum of five directors and an authorized capital of ₹ 5 lakh. The term “Producer Company” indicates that only certain categories of persons who are known as “primary producer”, can become shareholders in the Producer Company. Primary Producer means those persons who are engaged in primary agriculture activities such as:

 

Animal Husbandry: breeding or caring of animals in the farm.

Horticulture: Producing, growing plants, fruits or vegetables.

Floriculture: Growing Flowers.

Pisciculture: Fish farming.

Viticulture: Producing grapes.

Forestry: Preserving forest.

Re-vegetation:  Rebuilding or replanting disturbed land.

Bee raising: keep bees to collect honey.

Features

Conversion is not possible into any other business structure such as Pvt. Limited company, Public Limited Company, LLP etc., Producer Company shall have words “Producer Company Limited” at the end of its name. For example: Vanilla India Producer Company Limited and they are having minimum paid up capital of INR 5 Lakh.

``Grants and Subsidy- Producer companies can take the advantages of various central and state government schemes like “Rashtriya Krishi Vikas Yojana funds, National Food Security Mission”, also in Equity Grant Scheme for raising the capital base, a grant up to ₹. 10 lakh is provided to each Producer Company; furthermore Credit Guarantee Fund (CGF)is there to cover 85% of the loans given by banks to Producer Companies.

Economies of Scale- Only 15% of India's farmers have land over 2 Acre, so around 85 % of farmers can safely unlock the advantages that come with economies of scale by combining up and coming up as Producer Company. With a producer company, multiple farmers can work on collective basis, thereby lowering cost and risk and even get access to better credit facilities. This enables better planning and bargaining power with buyers.

Director- Producer Company shall have at least 5 but not more than 15 directors.

Perpetual Succession- Private Limited Company goes on and on until it is legally dissolved. As private limited company is having separate legal identity, so it is unaffected by the death or other exit of any member and continues to be in existence irrespective of any changes in ownership.

Property Ownership - Producer Company being an artificial person, can acquire, own, enjoy and alienate, property in its name, property may be tangible or intangible such as machinery, land & building, factory, trademark, patent etc., members can't exercise their rights on property of company.

  • Silver

  • 45,999
    • TAN
    • PAN
    • Name Approval
    • Incorporation
    • Share Certificate
    • 10 DSC
    • 10 DIN
  • Gold

  • 56,999
    • TAN
    • PAN
    • Name Approval
    • Incorporation
    • Share Certificate
    • 10 DSC
    • 10 DIN
    • Trademark
  • Platinum

  • 76,999
    • TAN
    • PAN
    • Name Approval
    • Incorporation
    • Share Certificate
    • 10 DSC
    • 10 DIN
    • Trademark
    • Annual Filing
Process One

ComplyPartner Team would understand business

Process Two

Day 1- Application for DIN and DSC, it will take 1-2 days

Process Three

Day 3- Application For Name Approval, it would take 3-5 Days

Process Six

Bank Account can be opened and business can be started

Process Five

Day 16- Company Registration Certificate would be issued

Process Four

Day 8- Application for registration, it would take 7-9 Days

Documents Required for Producer Company Registration

Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

Scanned copy of Voter's ID/Passport/Driver's License

Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

Scanned passport-sized photograph

Specimen Signature (blank document with Signature Partners only)

Documents Required For the Registered Address

Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

Scanned copy of Notarized Rental Agreement in English

Scanned copy of No-objection Certificate from Property Owner

Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

Note: Your registered office need not be a commercial space; it can be your residence, too.