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, and 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 disorganisation and it is not viable for Indian farmers to adopt the latest technologies. By organisation 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 organised as a Producer Company.
PRODUCER COMPANY REGISTRATION :

Producer Company means a body corporate having objects or activities as specified under the Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce. In a producer company, you can make agriculturist members and accept deposits in form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them. Producer Company Registration is done through Legit Filings.

PRODUCER COMPANY REGISTRATION PROCESS :
  1. Obtaining DSC & DIN
  2. Name Approval & License
  3. Producer Company Registration
ADVANTAGES OF PRODUCER COMPANY REGISTRATION :
  1. Separate Legal Entity
  2. Uninterrupted Existence
  3. Better Credibility
  4. Easy Management
  5. Owning Property
  6. Limited Liability
DOCUMENTS REQUIRED FOR PRODUCER COMPANY REGISTRATION :
1. For Promoters & Directors
  1. PAN Card
  2. Photograph
  3. Aadhaar Card/ Voter identity card
  4. Rent agreement (If rented property)
  5. Electricity/ Water bill (Business Place)
  6. Property papers (If owned property)
  7. Landlord NOC (Format will be provided)
2. For Registered Office

1. Rented Property

  • Rent Agreement

2. Owned Property

  • Electricity/ Water bill (Business Place)
  • Property papers (If owned property)
  • Landlord NOC (Format will be provided)
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