Producer Company India

Producer Company in India

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Producer Company in India

The concept of Producer Company in India was introduced to allow cooperatives to function as a corporate entity under the Ministry of Corporate Affairs. In this article, we look at the procedure for registering a Producer Company in India, under the Companies Act, 2013.

Producer Company Overview

The Companies Act defines Producer as any person engaged in any activity connected with or relatable to any primary produce (Produce: “things that have been produced or grown, especially by farming”). A Producer Company is thus a body corporate having an object that is one or all of the following:

  • production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit.

Further, the Producer Company must deal primarily with the produce of its active Members and is allowed to carry on any of the following activities by itself or through other entities – on behalf of the members.

  1. processing including preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its Members;
  2. manufacture, sale or supply of machinery, equipment or consumables mainly to its Members;
  3. providing education on the mutual assistance principles to its Members and others;
  4. rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its Members;
  5. generation, transmission and distribution of power, revitalisation of land and water resources, their use, conservation and communication relatable to primary produce;
  6. insurance of producers or their primary produce;
  7. promoting techniques of mutuality and mutual assistance;
  8. welfare measures or facilities for the benefit of Members as may be decided by the Board;
  9. any other activity, ancillary or incidental to any of the activities which may promote the principles of mutuality and mutual assistance amongst the Members in any other manner;
  10. financing of procurement, processing, marketing or other activities which include extending of credit facilities or any other financial services to its Members.

Producer Company Registration

To register a Producer Company in India, the following members in any of the combination is necessary:

  • Ten or more individuals, each of them being a producer; or
  • Two or more producer institutions; or
  • A combination of ten or more individuals and producer institutions
Producer Company Incorporation Process Infographic
Producer Company Incorporation Process Infographic

The registration process for a Producer Company is then similar to that of a Private Limited Company. DSC and DIN must first be obtained for the proposed first Directors of the Producer Company. Once, DSC and DIN are obtained, application for name reservation can be filed with the Registrar of Companies (ROC). The name of a producer company must end with the words “Producer Limited Company”. Once, name is approved by the ROC, application for incorporation can be filed in the prescribed format for incorporating the Producer Company.

If the Registrar is satisfied with the application for incorporation of Producer Company, then he/she will approve the same and issue Certificate of Incorporation. Once, a producer company is incorporated, it shall function similar to a private limited company subject to certain provisions. However, unlike a Private Limited Company, a Producer Company does not have a limit on the number of members. Further, though the name of a Producer Company ends with the words “Producer Limited Company”, it shall under no circumstance become or be deemed to become a public limited company.

 

To incorporate a producer company in India, visit IndiaFilings.com

Comments (13)

prabal godani

Dec 27, 2014 at 12:43 PM

I want to register a producer company.

Reply

K C YADAV

May 07, 2015 at 4:18 PM

NEW REGISTER CO. AGRO PRODUCER COMPANY.
PLZ INFORMATION.
REGARDS
K C YADAV
MOB.NO. 95557717213

Reply

K C YADAV

May 07, 2015 at 4:49 PM

I WANT REGISTER NEW CO. AGRO PRODUCER COMPANY.
PLZ INFORMATION.
REGARDS
K C YADAV
MOB.NO. 9557717213

Reply

virendar agrahari

Jun 01, 2015 at 8:24 AM

Agro producer campany jankari
9415948366

Reply

mohanraj.m

Jun 02, 2015 at 6:50 PM

VERY NiCE
8122958617

Reply

Neha Jain

Jun 24, 2015 at 10:19 PM

I am a practicing company secretary and having wide experience in incorporating a producer company.

For more details pls drop a mail at [email protected]

Reply

IndiaFilings

Jun 25, 2015 at 10:00 AM

Dear sir,
Greetings from IndiaFilings.com, India’s premier online consulting co!!
Please provide your email address and contact number, so that we can ask our business adviser to call you.
Looking forward to work with you in the near future. Have a great day.
Thanks & Regards,

Reply

rAVI Shankar

Jul 19, 2015 at 2:44 PM

Please forward me the details and cost involved in forming a Producer Company in Karnataka.

Reply

Business Advisor

Aug 01, 2015 at 5:28 PM

Dear Sir,

Greetings from Indiafilings.com, India’s premier online consulting company !!!

We acknowledged the receipt of your mail. It’s our pleasure to assist you with your requirement, We think it is better to have a telephonic conversation with our business adviser for a detailed business commentary, so please let us know your contact number to guide you better.

Looking forward to work with you in the near future.

Thanks & Regards,
Indiafilings Team.

Reply

Narendra Singh Choudhary

Oct 08, 2015 at 3:35 AM

Dear team,
Want to start own producer Co. Plz call back on 9589233818 after 4 pm.

Reply

sk abhang

Feb 13, 2016 at 10:22 PM

i want new formation of producer company limited, cont.09689223366

Reply

IndiaFilings

Feb 19, 2016 at 6:16 AM

Hi Abhang, we can surely help. Please email your requirements to [email protected] or contact 044-40247777 to talk to an IndiaFilings Business Advisor.

Reply

Akhilesh

Aug 10, 2018 at 2:45 PM

One person may be BOD in two FPO

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