A Producer Company is a company, established with the intention of producing, harvesting, procurement, grading, pooling, handling, marketing, selling, the export of primary creation of the Members, or import of products or services for their welfare. The term “Produce” means things that have been produced or grown, particularly by farming. This urge that a Producer Company deals primarily with agriculture and post-harvest processing activities.
Estimated time to complete the process – 13-15 working days
All Inclusive Pricing – No Hidden Fee
Note*
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
To Be Submitted By Directors & Shareholders
For The Registered Office
“Producer Institution” means a producer company or the other institution having only producer or producers or Producer Company or Producer Companies as its member whether incorporated or not having any of the objects mentioned in section 581B and which agrees to use the services of the Producer Company or Producer Companies as provided in its articles.
It is valid lifelong once granted, until and unless revoked.
A minimum of 5 people is required to register a Producer Company in India.
A Producer Company is often of six types as described below-
1. Production:
The main sort of Producer Companies is those involved during production, procurement, or manufacture of any primary produce for its members (for further sale) and to others.
2. Marketing:
Even a business involved within the marketing or promotion of primary produce or provision of educational services to members and others can constitute itself as a Producer Company.
3. Technical Service:
Any business offering technical assistance to producers, providing training and educational services, or conducting research and development can register as a Producer Company.
4. Financing:
Any business financing producer activities, be it within the production, marketing, or development domain, can register itself as a Producer Company.
5. Infrastructure:
Businesses involved in providing infrastructure to producers, whether within the sort of electricity, water resources, irrigation techniques, land utilization, or consultation with reference to the same, may constitute themselves as a Producer Company.
This isn't required. The entire process is now automated and handled online. You will receive the DIN numbers and Certificate of Incorporation by e-mail from Ministry of Corporate Affairs (MCA).
Expect it to take 35 to 40 days to complete the entire procedure. This will, however, depend on whether you have all your papers in order and the workload of the RoC.
Every company has two parts to its name. The first part is unique. For example, 'WIPRO' or 'MERCEDES-BENZ'. The second part describes the business activity of the company. For example, 'Legal Solutions' or 'Technologies'. This second part must be as descriptive as possible. The name of the company must end with 'Producer Company Limited'.
Most importantly, all directors must have an identity and address proof and rights to practice on the property they are operating on. The owner of the registered office will also need to submit an NoC, stating that the company may operate from that location.
A Digital Signature Certificate, or DSC, is issued by six certifying authorities in India (such as e-Mudhra and n-Code). It is nothing but an electronic version of a physical signature. It can be used to verify documents in the company registration process.
All companies are legal entities by themselves. Therefore, they have a continuous existence. The only way a producer company can cease to exist (other than shutting it down voluntarily) is if the annual compliances are not met or if the creditors/courts force its closure.
Yes, a producer company must have its books audited from its very first year. And in case turnover crosses Rs. 5 crore, it must employ a full-time company secretary to manage its affairs.