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Register for Income Tax eFilingEligibility
To incorporate a producer company a minimum of 10 persons are required over the age of 18 years. Activity performed in the producer company must be agriculture related.
Producer Company Registration
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.
Company Name Availability
Companies Act, 2013 does not permit registration of identical or similar names
9 Articles to Read Before Producer Company Registration
Pay as you go grow pricing
All Inclusive Pricing - No Hidden Fee
Basic
all inclusive fees
- 10 Class 2 Digital Signatures 1
- 10 Director Identification Numbers
- 1 RUN Name Approval 2
- Upto 10 Lakhs Authorized Capital 3
- Incorporation Fee
- Stamp Duty 4
- Incorporation Certificate
- ICICI Bank Current Account
- PAN & TAN
- 50+ Document Formats
- Incorporation Kit
- Hard-copy Share Certificates
- GST Registration
- Premium LEDGERS Accounting Software 5
- GST eWay Bill Software
Standard
all inclusive fees
- 10 Class 2 Digital Signatures 1
- 10 Director Identification Numbers
- 1 RUN Name Approval 2
- Upto 10 Lakhs Authorized Capital 3
- Incorporation Fee
- Stamp Duty 4
- Incorporation Certificate
- ICICI Bank Current Account
- PAN & TAN
- 50+ Document Formats
- Incorporation Kit
- Hard-copy Share Certificates
- GST Registration
- Premium LEDGERS Accounting Software 5
- GST eWay Bill Software
- One year TDS filing
Premium
all inclusive fees
- 10 Class 2 Digital Signatures 1
- 10 Director Identification Numbers
- 1 RUN Name Approval 2
- Upto 10 Lakhs Authorized Capital 3
- Incorporation Fee
- Stamp Duty 4
- Incorporation Certificate
- ICICI Bank Current Account
- PAN & TAN
- 50+ Document Formats
- Incorporation Kit
- Hard-copy Share Certificates
- GST Registration
- Premium LEDGERS Accounting Software 5
- GST eWay Bill Software
- One year TDS filing
- Trademark Registration
- Class 2 digital signatures with 2 year validity on secure USB token.
- Upto 4 name options can be given in 1 RUN name approval request.
- Authorised capital is the amount of shares a company can issue at anytime and can be increased further in the future. Paid-up capital is the amount invested by shareholder and can be even Rs.2.
- In case of Rs.10 lakh authorised capital, stamp duty of Rs.5120 (on actuals) will be chargeable extra for the state of Gujarat. Rs.5510 will be the additional stamp duty charges for state of Rajasthan. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3025 will be applicable.
- Premium LEDGERS Accounting Software with GST Portal Integration and eWay Bill Software.
- Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. IndiaFilings will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
Producer Company Bank Account Opening
Bank Account Opening
Opening a current account for a producer company is easier when compared to opening of current account for a sole proprietorship firm as a company is a registered legal entity – recognized by law. Therefore, once a company is incorporated, a bank account can be opened in the name of a company with the incorporation certificate of the company and identity/address proof of the Directors.
How many people are required to register a producer company?
What are the documents required for registration?
Identity proof and address proof is mandatory for all the proposed Directors of the Producer Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
How long will it take to incorporate a Producer Company?
IndiaFilings.com can incorporate a Producer Company for in 20-30 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
How long is the registration of the Company valid for?
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.
What is a Digital Signature Certificate?
A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Producer Company.
What is Director Identification Number (DIN)?
Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.
What are the requirements to be a Director?
The Director needs to be over 18 years of age and must be a natural person. The Director must be involved in farming activities.
Is an office required for starting a Producer Company?
An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / agricultural / residential where communication from the MCA will be received.
LEDGERS Accounting Software
LEDGERS is the next-generation of GST platform, built on the AWS cloud with deep integrations to various other services. The platform is designed to be simple and intuitive. You can now maintain accounts for your business with no accounting knowledge or experience.
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