Producer Company Registration

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Find information about Producer Company Registration Process, Producer Company Registration Plans, Registration Procedure, Documents Required,

Producer Company Registration Process Fees

Producer Companies

Every country relies on agriculture as this is one such core field that impacts every other field directly or indirectly. To alleviate the pains and struggles of the people such as farmers and primary producers, the Government of India has come up with the concept of Producer Companies.
Cut short, this is a kind of company that is registered under the Companies Act and is set with objectives to attain improved agricultural production, importing of goods, procurement and selling and distribution of produce.

Facts and information about Producer Company

You need at least 10 producers to form a company.
On the other hand, producer institutions, a minimum of two, can form a producer company.
A minimum of 5 and a maximum of 15 directors would be required for a producer company
A producer company cannot be converted into a public company.
Paid-up capital needs to be more than or equal to Rs. 5 Lakhs.
Initially, the producer company members would be awarded the amount in the form of cash or equity shares which is equal to the value decided by the directors for the produce that was pooled/supplied. Every member of a producer company is eligible for the credit facility. Loans can be availed with more chances and are backed by NABARD. Few tax benefits are available to the producer companies.

Documents Required For Producer Company Registration

For Directors and Shareholders : Aadhar Card/Voter ID/Driver's License/passport
For Directors and Shareholders : PAN Card
For Directors and Shareholders : Bank Statement (Latest)
For Directors and Shareholders : Utility Bill (e.g. Gas Bill/Electricity Bill)
For the registered office : NOC from Landlord (if rented)
For the registered office : Property Papers (if owned)

If you would like to get the Producer Company Registration job completed all by yourself, it would be time-consuming and confusing. There isn't one single source of information that can clear your doubts as policies and procedures change over time. We at Luxe, are specialized in this field and have a good experience and expert knowledge on getting things done smoothly and hassle-freely.

You could plan your business by sipping a cup of coffee peacefully while we take care of the registration process for your ambitious and successful Producer .

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Frequently Asked Questions

How to register a Producer Company?

-The first and foremost step is to obtain DSC and DIN for all the members who would be the directors and shareholders.
-Apply for company name approval.
-You need to file for a certificate of incorporation

More Info

As you can see that it requires good knowledge of the rules and regulations to be followed for registering a producer company. It takes about more than 7 days for the Incorporation certificate alone from ROC. You would need proper guidance and we are here for you! Luxe offers the services of Producer Company registration and it gives us immense pleasure in serving the company that would benefit the agriculturists who are the heart of the nation.