Overview

A Producer is any person engaged in any close-knit or related activity to the primary producers. A Producer Company is thus an umbrella term that includes all of the following:
Producing, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting the primary producers of the members, or the imports of goods or services.

A Producer Company was introduced in India with the Companies Act, 2013. It gives persons engaged in activities related to producing (what has been grown or produced, particularly by farming) the opportunity to form a company. A producer company can be formed by 10 or more producers (persons involved in, or in activities related to, produce or growth), two or more producer institutions or a combination of 10 or more producers and producer institutions. Such a company can only have equity capital, require a minimum of five directors and an authorised capital of Rs. 5 lakh. The procedure for forming a Producer company is similar to the one for forming a private limited company.

Get Started to incorporate your Producer Company

Benefits of Producer Company

Here are the main benefits of Producer company:

• Limited Liability

The members of a producer company have unlimited liability as the company is an entity in itself. The amount invested in the business would be lost, and the directors' property would be safe.

• Better Management

Rather than a single farmer managing their entire business, producer companies' work is divided among the directors. The entity is governed by the Management Board, which has a tenure of five years. A producer company has a separate legal existence, which means that it is not affected by any of its members' death.

Checklist for Producer Company Registration

• The first step is to obtain the DSC and DIN for the Producer Company's proposed first Directors.
• An application for name reservation can be filed with the Registrar of Companies (ROC) after obtaining the DSC and DIN. The name should end with 'Producer Limited Company'.
• After receiving the ROC's name approval, file the incorporation application in the prescribed format for incorporating the Producer company.
• The Certificate of Incorporation is issued if the registrar is satisfied with the application for the Incorporation of the Producer company.

Documents Required For Producer Company Registration

Listed below are the documents required for Producer company registration process.

• Scanned Copy of PAN Card
• Scanned copy of Voter's Id/ Passport/ Driver's license
• Scanned copy of the latest bank statement/ Telephone or mobile bill/ electricity or gas bill
• Passport size photograph
• Scanned copy of the notarized rental agreement
• Scanned copy of the NOC from the property owner
• Scanned copy of sale deed or property deed

How to Register Producer company in India

A minimum of five directors must apply for a DSC, which is necessary to file the company registration documents. For this, you will only need to provide a few scanned documents and details. Our representatives will fill the form and submit it online.

As soon as we apply for the DSC, we will prepare the SPICe i.e. INC-32 documents. These documents will take around a week to prepare, and will include the name for your company, the Memorandum of Association (MoA) and Articles of Association (AoA). Once these documents are prepared satisfactorily, they will be submitted to the RoC.

Depending on the workload of the RoC, the documents will be approved in 10 to 15 days. Once approved, the Certificate of Incorporation will be mailed to your registered office address. With this document, you can apply for a Permanent Account Number (PAN) and Tax Account Number (TAN), both of which are necessary for opening a bank account in the name of the business.

What you get after Producer company incorporation

Our Producer company registration package includes:

• DIN for Directors
• Digital Signature for Directors & Shareholder
• Company Name Approval
• MOA + AOA
• Incorporation Certificate
• Company PAN Card
• Company TAN
• Bank account opening assistance
• Free website for business
• Free CRM for business
• Free legal and business consultant with professionals
• Flat 10% off on professional fee forever

Why Filemydoc.com for Producer Company Registration

• For your Producer company formation, we will incorporate your company and get it business-ready
• Our experts are up to date with the laws and have helped businesses like you register their company
• You can register your Producer Company through our simple online form and track job progress through our easy-to-use dashboard
• We will allocate a dedicated manager who will keep you informed about the status of your Producer company Registration. Our support team is available to answer any questions you may have

FAQs on Producer Company Formation

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