Complete solution for starting a Producer Company with a minimum of ten producers, including incorporation of company as producer company. IndiaFilings offers Producer company incorporation from Rs.69899/-
From Rs.69899 /- all inclusive fees
EMI: Rs.6241 for 12 months*
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. 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 disorganization and it is not viable for Indian farmers to adopt the latest technologies. By organization 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 organized as a Producer Company.
A producer company is a legal entity and a juristic person established under the Act. Therefore, a producer company has wide legal capacity and can own property and also incur debts. The members (Directors) of a producer company have no liability to the creditors of a producer company.KNOW MORE
The Board of Management of a producer company can be easily changed by filing simple forms with the Registrar of Companies. The Board of Management of a producer company controls the activities of the producer company.
A producer company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A producer company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
A producer company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No member can make any claim upon the property of the producer company as long as it is a going concern.
A producer company enjoys better credibility when compared to unregistered producer organizations. Producer companies are registered and monitored by the Central Government. Producer Organization are on the other hand governed and monitored by State Governments.
Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarised copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.
All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
Producer company registration with 10 DSC, 10 DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit and LEDGERS accounting software. Inclusive of government fee and GST.
From Rs.69899 /- all inclusive fees
EMI: Rs.6241 for 12 months*
Producer company registration with 10 DSC, 10 DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit, one year TDS filing and LEDGERS accounting software. Inclusive of government fee and GST.
From Rs.73899 /- all inclusive fees
EMI: Rs.6598 for 12 months*
Producer company registration with 10 DSC, 10 DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit, one year TDS filing, trademark registration and LEDGERS accounting software. Inclusive of government fee and GST.
From Rs.79899 /- all inclusive fees
EMI: Rs.7134 for 12 months*
IndiaFilings.com can register a Producer Company in 20 to 30 days, subject to ROC processing time.
Got questions? Request a call from an IndiaFilings Business Advisor.Let's talk!
Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required for the proposed Directors of the Producer Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
Once DIN and DSC are available for atleast five Directors, application for reservation of name for producer company can be made to MCA. Name approval can be obtained in 3 to 5 working days.
Once the name approval is obtained, registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
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