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Producer Company

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Producer Company

What is a Producer Company ?

Producer Company is a company registered under the Companies Act 2013, and shall carry on any following activities:
  • Production, grading, procurement, marketing, harvesting, pooling, handling, selling, export of the primary produce of members or import of the goods or services for their Benefit.
  • Processing including preserving, brewing, venting, drying, distilling, canning & packaging of produce of its members.
  • Manufacture and sales or supply of machinery and equipment or consumables mainly to its members.

Documents required for registration of Producer Company

For Promoters and Directors
  • PAN Card
  • Voter identity card /Aadhaar Card
  • Photograph
  • Rent agreement (If rented property)
  • Water bill /Electricity/Mobile Bill(Business Place)
  • Property papers (owned property)
  • Landlord NOC (Format will be provided)
For Registered of the Office
  • Rented Property
  • Rent Agreement
Owned Property
  • Water bill /Electricity Bill (Business Place)
  • Property papers (owned property)
  • Landlord NOC (Format will be provided)

Process

  •  1:-  Name Approval & Reservation (Form INC-1)
  •  2:- Making DSCs & DINs for all Directors
  •  3:- Filing Incorporation Form INC-7 with the relevant ROC
  •  4:- Filing Forms like DIR-12, INC-22, etc.
  • 5:- And, Submission of the other necessary documents.

Advantage of Producer Company Registration

  • Separate Legal Entity.
  • Better Credibility.
  • Owning Property.
  • Limited Liability.
  • Easy Management.
  • Uninterrupted Existence.

Frequently asked questions :-

Q1. It is necessary to have Five directors to the register Producer Company ?
Yes, you need a minimum of 5 directors to the register a Producer Company.
Q2.Who can be member in Producer Limited Company ?
Any individual or organization can become member of the Producer Company including foreigners or NRI.
Q3 Characteristics of Producer Company?
• These companies are with the limited liabilities & limited only by share capital.
• The liability of members is limited to unpaid amount the shares held by them.
• It never become the public (or deemed public) limited company.
• Member's equity can’t publicly traded but only transferred.
 
Q4 There are Types of Producer Company?
 Types of Producer Company
1. Producer Business
2. Marketing of Producer Company
3. Technical assistance service
4. Financial Assistance
5. Other Business Activity
Q5. What is Digital Signature Certificate ?
A digital signature is a mathematical technique used to validate the authenticity and integrity of a message, software or digital document. The digital equivalent of a handwritten signature or stamped seal, a digital signature offers far inherent security, and it is intended to solve the problem of tampering & impersonation in digital communications.  
Q6 A producer company is a governed under which law?
 The formation & regulation of the Producer Company Certificate Registration is governed under provisions of Sections 581A to 581ZL of Companies Act, 1956, read with the Companies Act, 2013, and rules made there under  
Q7 Whether limit of 200 members is a applicable to Producer Company ?
As per clause (5) of the section 581C of Companies Act, 1956, The Producer Company Registration online shall become body corporate as if it is a Private Limited Company without any limit to number of members  
Q8 How much time needed for setting up a producer company ?
Expect it to take 35 to 40 days to the complete entire procedure. This will,, depend on whether you have all your papers in order and workload of RoC.
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