Producer Company

Need to register a Producer Company?

Producer Company Registration Starting at Just Rs.64,999/- (Inclusive of all Govt. Fees).

About Producer Company

Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, and 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.

PRODUCER COMPANY REGISTRATION

Producer Company means a body corporate having objects or activities as specified under the Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce. In a producer company, you can make agriculturist members and accept deposits in form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them. Producer Company Registration is done through Businessgig.

ADVANTAGES OF PRODUCER COMPANY REGISTRATION

Separate Legal Entity

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.

Uninterrupted Existence

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.

Better Credibility

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.

Easy Management

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.

Owning Property

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.

Limited Liability

Limited Liability means the status of being legally responsible only to a limited amount for liabilities of the producer company. In a Producer Company, the members are not held personally responsible for the liabilities of the Producer Company.

PRODUCER COMPANY REGISTRATION PROCESS

Obtaining DSC & DIN

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.

Name Approval & License

Once DIN and DSC are available for at least 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.

Producer Company Registration

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.

DOCUMENTS REQUIRED FOR PRODUCER COMPANY REGISTRATION

For Promoters & Directors

PAN Card;
Photograph;
Aadhaar Card/ Voter identity card;
Rent agreement (If rented property);
Electricity/ Water bill (Business Place);
Property papers (If owned property);
Landlord NOC (Format will be provided);

For Registered Office

Rented Property

Rent Agreement

Owned Property

Electricity/ Water bill (Business Place);
Property papers (If owned property);
Landlord NOC (Format will be provided);

Starter ₹ 64,999 /- (Inclusive of all Govt. Fees).
10 DSC
10 DIN
Name Approval
Incorporation Fee
PAN
TAN
Certificate Of Incorporation
Company kit
BASIC WEBSITE FREE


Get Started

Standard ₹ 68,999 /- (Inclusive of all Govt. Fees).
10 DSC
10 DIN
Name Approval
Incorporation Fee
PAN
TAN
Certificate Of Incorporation
Company kit
One year TDS filing
BASIC WEBSITE FREE

Get Started

Premium ₹ 75,999 /- (Inclusive of all Govt. Fees).
10 DSC
10 DIN
Name Approval
Incorporation Fee
PAN
TAN
Certificate Of Incorporation
Company kit
One year TDS filing
Trademark registration
BASIC WEBSITE FREE
Get Started

FAQ OF Producer Company

Is it necessary to have 5 directors to register Producer Company?

Yes, you need a minimum of five directors to register a Producer Company.

Who can be a member in Producer Limited Company?

Any individual/organization can become the member of Producer Company including foreigners/NRI.

For incorporation of Producer Company do I have to be present in person?

The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail.

What are the business activities of Producer Company?

Animal Husbandry: breeding or caring of animals in the farm
Horticulture: Producing, growing plants, fruits or vegetables
Floriculture: Growing Flowers
Pisciculture: Fish farming
Viticulture: Producing grapes
Forestry: Preserving forest
Re-vegetation: Rebuilding or replanting disturbed land
Bee raising: keep bees to collect honey

There are some other business like handloom, handicraft etc. which can be activities of producer company. Producer companies are preferred choice of business model amongst farmers because producer company areas of operations are not restricted to particular state as in the case of Co-operative society. Moreover, it has lesser government intervention in running company and can also access to financial institution for raising money for day to day expenses requirement.

Are there any other payments to be made for incorporation certificate in addition to fee paid at the time of
registration?

There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.

For Registered Office Address

Rent agreement along with latest rent receipt (in case the premises are rented)
House tax receipts (in case premises are owned)
Electricity bill
NOC from the Owner (Format will be shared once your company name approved)

Time taken by Businessgig in forming a Producer Company?

Businessgig can incorporate a Nidhi Limited Company typically in 20-30 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents ready, prior to starting the registration process.

Can NRIs/Foreign Nationals become a Director in Producer Company?

Yes, after acquiring DIN/DPIN an NRI or Foreign national can become a designated partner in Producer Company. However, at least one designated partner in the Producer Company must be a Resident of India.

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