Producer Company Registration In Bhilai

A Producer Company in Bhilai is majorly involved in the production, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting, primary produce of the members, or imports of goods or services.

Documents required to register a Producer Company in Bhilai

• Scanned Copy of PAN Card
• Scanned Copy of the Voters ID/ Passport/ Driver License
• Scanned Copy of the Latest bank statement/Telephone or mobile bill/ electricity or gas bill.
• Passport size photograph

• Scanned copy of the latest bank statement/ telephone bill or the Gas bill
• Scanned copy of the notarized rental agreement
• Scanned copy of the NOC from the property owner
• Scanned copy of the sale deed or property deed.

Types of Producer Companies in Bhilai

Production, procurement manufacture of the member and other primary producer is the primary function of this type of producer company.

Business here is involved in marketing or promoting the primary produce or a provision of the education services to the members and others.

In this type of Producer Company in Bhilai any business that offers technical assistance to the producers. Also training and educational services or for research and development.

Here the producer company registered in Bhilai provides finance for various activities like production, marketing, development.

Here infrastructure is provided to the producers in various forms such s electricity, water resources, irrigation, or consulting regarding the same.

What are the benefits of registering producer companies in Bhilai?

The members of a Producer Company in Bhilai have unlimited liability as the company is an entity itself. Even if the amount invested in the business would be lost and the directors' property would be safe.

Producer Companies work in Bhilai divided among the Directors rather than a single farmer managing the entire business. The entity is governed by the Management board which is functional for a tenure of five years.

A producer company has a separate legal existence which means that is not affected by any of its member's death.

Producer companies in Bhilai are introduced to allow farmers' cooperatives to function as a corporate entity under the MCA. To register a Producer Company in Maharashtra talk to our experts at IndiaFilings and get guidance right from incorporation to compliances.