Get your Producer Company Registration at just ₹ 30,000/- only
(Inclusive of all fees)
Ideal for agricultural activities
For producers and farmers
Simple & Secure Online Process
Dedicated Professional
Get Registration in 10-15 Days
Get Post Incorporation Assistance
[ninja_form id=8709]
A Producer Company is basically a corporate body having the objects or activities relating to primary production as specified under the Act. In a producer company, a group of people related to farming and its selling/exporting also.
The Incorporation of this entity is governed by the Part IXA of Companies Act, 1956 and any other law for the time being in force until any special Act is framed. The producer company can also lend loans to its members subject to the conditions.
To form such entity ten or more member are required being the producers; or any two or more producer institutions; or its combination thereof. A Producer Company enjoys all the benefits which are available to any other Company like the liability of its members is limited to the extent of unpaid share capital by its members. It is generally deemed as Private Limited Company.
Legal Window has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company formation process. You may get in touch with our team on 072407-51000 or email [email protected] for Producer Company registration and Producer Company Compliance services
Once an entity is registered it is born in the eyes of law which means it is separate from its owners, Directors, Managers, shareholders and employees etc. It can operate simply by its bank account and also provides the right to file case against third parties in case of wrongful act.
The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore, they cannot be held personally liable for the debt and obligations of the Company. Therefore, the liability of the members is limited to the amount, if any unpaid on shares.
Initially every member can only receive the value of the produce as decided by the Board. The withheld price may be disbursed after some time in form of cash or by allotment of equity shares. Limited return is provided to the Members but can also be allotted the bonus shares. The surplus can also be disbursed as patronage bonus.
Active members of the producer company are provided the special user rights, if so authorized by the Articles of Association of the company. It is the right relating to the supply of additional produce by the active members of the Company for which appropriate instruments are issued to active members in respect of such rights.
Passport in case of Foreign Nationals
Producer Card of Members
Latest passport size photograph of Member and Directors
PAN Card of the Member and Directors of the proposed Company
Identity Proof of the Member and Directors of the proposed Company
(Aadhar /Voter ID/Driving License/Passport)
Address Proof the Member and Directors
(Utility Bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
Rented/leased : (Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Business Address Proof
Owned Property : (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
1. Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
2. Document Processing
At the second step, we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
3. Application for DSC
First of all DSC (Digital Signature Certificate consisting of the E-signatures) is required to be prepared. This step can be ignored if prepared already. It will approximately take 1-2 days.
4. Name Availability
The next step is to check the name availability. The name should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.
5. E-filing for incorporation of a Company
Once the name is approved, an online application is required to be filed through SPICE+ along with the requisite documents as obtained from the client with ROC. The MOA as well as AOA shall be filed online. This process again takes approximately 2-3 days.
6. Get Certificate of Incorporation
Lastly, after the approval a Certificate of Incorporation will be provided through e-mail which signifies that the Company has been incorporated.
How to Select the Name of Company
Other Key Points
| S. No. | Basis | Producer Company | Co-operative Society |
| 1. | Registration under | Companies Act | Cooperative Societies Act |
| 2. | Membership | Only producers and their agencies | Open to any individual or co-operative |
| 3. | Area of operation | Throughout India | Restricted |
| 4. | Shares | Tradable within membership only | Not tradeable |
| 5. | Member stakes | Articles of association can provide for linking shares and delivery rights | No linkage with no. of shares held |
| 6. | Voting rights | Only one member one vote and non-producer can’t vote | One person one vote but government have veto power |
| 7. | Reserves | Mandatory to create reserves | Can be created if made profit |
| 8. | Disclosure and audit requirements | Very strict as per the Companies Act | Annual report to regulator |
| 9. | Borrowing power | Many options available | Restricted |
| 10. | Dispute settlement | Through Arbitration or in accordance with Companies Act | Through co-operative system |
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The minimum capital to incorporate a producer company is Rs. 5 Lakhs
A Member is required to deposit the money in the bank account at the earliest and file the form for commencement within 180 days from the date of incorporation of the Company.
Yes, for Indian nationals becoming a Director in a Company it is mandatory to have a PAN Card and Passport in case of Foreign Nationals.
You can register a Producer Company at a commercial or residential place by providing the documents as specified. There is no restriction by the department.
Yes, a Director can also become a shareholder and vice versa as a Company is a Separate Legal Entity.
No, the money cannot be withdrawn but can be used by the Company for official purpose like for paying salary to staff and employees, other administrative expenses etc.
It is the documentary proof evidencing that the Company has been registered and having its unique identification number as Corporate Identification Number.
There is no limit on number of Members in case of Producer Company.