Producer Company Registration
A Producer Company is a special type of company formed by producers of agricultural products, livestock, or fisheries, aiming to promote their collective interests and improve their economic conditions. Registered under the Companies Act, 2013, Producer Companies combine the benefits of cooperative societies and companies, providing better governance, transparency, and ease of operations.
Producer Company Registration
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Benefits of Producer Company Registration for you:
| S.No. | Benefit | Description |
|---|---|---|
| 1 | Limited Member Liability | Members are not personally liable for company debts or losses, protecting their personal assets. |
| 2 | Government Grants | Eligible to avail various government grants and schemes to support growth and market establishment. |
| 3 | Separate Legal Entity | Recognized as a distinct legal entity that can own property, enter contracts, and initiate legal proceedings independently. |
| 4 | Taxation Benefits | Eligible for tax exemptions during initial years and sometimes lower tax rates on expenses, aiding financial stability. |
| 5 | Capital Access | Can raise capital by issuing shares and debentures, helping the company expand and grow. |
| 6 | Market Access | Registration enhances market reach, attracting more customers and increasing profitability. |
| 7 | Technological Advancement | Enables access to modern machinery and support for efficient cultivation and processing. |
| 8 | Funding from Banks & Institutions | Easier access to bank loans and financial support at lower interest rates due to enhanced credibility and legitimacy. |
Requirements for Producer Company Registration based on your points:
| S.No. | Requirement | Details |
|---|---|---|
| 1 | Minimum Members | At least 10 members are required for registration. |
| 2 | Producer Membership | All members must be producers involved in producing goods or services related to the company. |
| 3 | Minimum Capital | Members must contribute to a minimum capital of Rs 5 Lakhs. |
| 4 | Board of Directors | The company must have at least 5 directors, with two-thirds being producers. |
| 5 | Mandatory Documents | PAN, TAN, Memorandum of Association (MoA), and Articles of Association (AoA) are required. |
| 6 | Company Name | The company name must end with “Producer Limited Company.” |
| 7 | Registered Office | The company must have a registered official address within India. |
Documents Required for Producer Company Registration based on your details:
| S.No. | Document | Details / Description |
|---|---|---|
| 1 | PAN and Aadhaar Card | PAN and Aadhaar cards of all directors and members. |
| 2 | Passport-sized Photographs | Recent photos of all directors and members. |
| 3 | Proof of Registered Office Address | Utility bills (gas, electricity, telephone) or rent agreement as address proof. |
| 4 | PAN, TAN, MoA, AoA | Company’s Permanent Account Number, Tax Account Number, Memorandum and Articles of Association. |
| 5 | DSC and DIN | Digital Signature Certificate and Director Identification Number for directors. |
| 6 | No Objection Certificate (NOC) | NOC from the registered office property owner (if applicable). |
| 7 | Producer Certificate | Certificate issued by the District Horticulture Officer. |
| 8 | Registration Certificate of Producer Organization | Copy of the registration certificate of the Producer Organization. |
| 9 | Director Consent (Form DIR-2) | Consent letter signed by directors using Form DIR-2. |
Producer Company Registration Process
1. Documentation
Gather all necessary documents required for the registration process. These are essential to complete the application and obtain approval for Producer Company Registration.
2. Obtaining DIN & DSC
Digital Signature Certificates (DSC) must be acquired for all shareholders and directors. Additionally, each director must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA).
3. Drafting of AoA & MoA
Prepare the Articles of Association (AoA) and Memorandum of Association (MoA). These documents define the company’s objectives, policies, mission, vision, and governing rules, ensuring proper management and legal compliance under the Companies Act.
4. SPICe+ Application Form
Complete the online SPICe+ form on the MCA website. Part A is for reserving the company name, while Part B is specifically for registering a Producer Company. Any director can fill out and sign this form. Submit the completed form along with supporting documents to the Registrar of Companies (ROC).
5. Incorporation Certificate
After submission, the MCA reviews the application and documents. Upon approval, the Ministry issues the Certificate of Incorporation, officially recognizing the Producer Company.
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Why choose us?
Accura Tax Solutions Services simplifies the entire registration process, ensuring your producer company is legally compliant and ready to operate.
- Expertise in Producer Company Registrations
- Complete Legal & Documentation Support
- Guidance on MCA & RBI Compliance
- Affordable & Transparent Service Packages
- Quick Turnaround Time
- Local Support in Safidon and Rural Areas
- Post-Registration Assistance
- Trusted by Farmer Groups & Cooperatives
