Register Producer Company
Register a Producer Company without any hassle with us. Prices starting from INR 19999/- only.
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A Producer company is old concept introduced by company act 1956 and followed by company act 2013.the major activity done in producer company is related to farming, fishery, animal husbandry, handicraft etc. A producer company can be formed by either:
1) 10 or more producers (Producers means a person involved in the aforesaid activity)
2) Two or more Producer institution (Producer institution means institution relating to the activity of primary produce)
3) Combination of 10 or more producer institution and producers.
The producer company can run with the initial capital of rupees 5 lacs or more and all having in the form of equity, it is a kind of private company.
How to register a producer company?
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Documents required for a producers company registration
AOA and MOA duly signed, dated and stamped.
Power of attorney
The statutory declaration in the e-form-1(on stamp paper) declaring compliance of all and incidental matters regarding the formation of companies.
Payment of stamp duty is made electronically through the MCA portal. In case it is not paid electronically, then the submission of original stamped physical copies of the uploaded e-form-1, AOA, MOA along with the text of the challan in the concerned office of ROC.
Filling of Form-18
Filling of Form-32
Producer Company Registration Fees is mentioned below:
The Producer Company Registration Fees are to pay by filing an application FORM-1A along with a fee of Rs.1000. Click here for the form details.
What is a Farmers Producer company?
Over 85% of the farmers in India are small and insignificant farmers having land holdings of less than 2 hectares. This eradication in farmers and farmlands leads to disorganization, and it is not viable for Indian farmers to adopt the latest technologies. Click here to know more.
Economies of scale can be unlocked, and the livelihood of farmers improves by organizing the Farmers Company. Thus the concept of producer company aims at empowering farmers by creating clusters of farmers organized as a company.
A Farmers Company can form by any ten or more primary producers or by two or more producer institutions, or even by a contribution of both. They can undertake activities related to production, harvesting, grading, pooling, etc.., of agricultural produce.
A few critical points of Farmers Producer Company are:
Each producer or member of the farmer company is with equal voting rights irrespective of the number of shares held. There is a limitation on the amount that one can distribute as a dividend. Also, for professional guidance, 5-15 directors and expert directors can be appointed.
Get DSC and Reserve the company name.
Submission of MOA & AOA
Get the company’s incorporation certificate.
Get company’s PAN & TAN
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
What does a Producer mean?
“Producer” means any person engaged in any activity or connected with or relatable to any primary produce and primary produce of farmer is defined as the production of farmer arising from agriculture including animal husbandry, horticulture, floriculture, Fish-farming, viticulture, forestry, forest products, revegetation, bee raising, and farming plantation products), or from any other primary activity or service which promotes the interest of the farmers or consumers or produce of persons engaged in handloom, handicraft and other cottage industries or any product resulting from any of the above activities, including by-products of such products.
What does a Producer Institute mean?
“Producer Institution” means a producer company or any 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 referred to in section 581B and which agrees to use the services of the Producer Company or Producer Companies as provided in its articles.
How long is a Producer Company license valid?
It is valid lifelong once granted, until and unless revoked.
A Producer Company is governed under which law?
The formation and regulation of the Farmer Producer Company are governed under the provisions of the Companies Act, 1956, along with Companies Act, 2013, and the rules made thereunder.
A Producer Company can be started with how many people?
A minimum of five people is required to register a Producer Company in India.
Which are the major types of a Producer Company?
A Producer Company can be of six types as described below-
The main type of Producer Companies is those involved in the production, procurement, or manufacture of any primary produce for its members (for further sale) and to others.
Even a business involved in the marketing or promotion of primary produce or provision of educational services to members and others can constitute itself as a Producer Company.
Any business offering technical assistance to producers, providing training and educational services, or conducting research and development can register as a Producer Company.
Any business financing producer activities, be it in the production, marketing, or development domain, can register itself as a Producer Company.
Businesses involved in providing infrastructure to producers, whether in the form of electricity, water resources, irrigation techniques, land utilization, or consultation with regard to the same, may constitute themselves as a Producer Company.
How long does it take for a Producer Company incorporation?
With senixalegal.com, Farmer Producer Company incorporation usually takes 30 days. This is subject to government approvals time and completeness of your documentation.
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