Munshi Giri

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Producer Company Registration

A producer company is basically a company registered to deal with the primary production of its active member related to farming. The main objective includes production to its selling and exporting also. For the purpose of incorporation of producer company, Part IXA of Companies Act, 1956 is applicable until any special Act is enacted for such companies.

A producer company is registered with ten or more member being producers; or any two or more producer institutions; or its combination. Alike any other company, the liability of its members is limited to the extent of unpaid share capital by its members. The producer company is deemed to be a private limited company under this Act, however, the threshold of the number of members does not apply to same.

Choose us

Why Should You Choose Munshi G & Co. for Registering Producer Company?

  • Expert Team of Qualified CA, CS, and Lawyers
  • Dedicated Relationship Manager and On-call Support
  • The entire Registration Process is Managed Online
  • Quick Turnaround and Economical Pricing
  • Thousands of Happy Customers Across All States of India
  • Empowered with Secured Technology
  • Avail exclusive partner offers on web hosting, payment gateways, etc.
the process

Process to register a producer company online

Day 1

  • Application for Digital Signature Certificate

Day 2 - 4

  • Checking Name availability
  • Application for Name Reservation under “RUN“
  • Reservation of Name

Day 5 - 8

  • Drafting of MoA, AoA & other required documents
  • Payment of Stamp Duty
  • Notarization of required documents

Day 9 - 11

  • Filing application for company registration
  • Application for DIN Allotment
  • Application for PAN and TAN of company

Day 12 - 14

  • Government processing time
  • Certificate of Incorporation
DOCUMENTS CHECKLIST

Documents Required for Producer Company Registration

01

Photographs

Latest Passport size photograph of Shareholders and Directors

02

PAN Card

PAN Card of shareholders and Directors.

03

Identity Proof

Voter ID/ Passport/ Driving License of Shareholders and Directors

04

Address Proof

Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors

05

Business Address Proof

Electricity Bill/ Telephone Bill of the registered office address in India

06

NOC from Owner

No Objection Certificate to be obtained from the owner(s) of the registered office

07

Rent Agreement

Rent Agreement of the registered office should be provided, if any

Benefits

Benefits of Registering a Farmer-Producer Organization

Special User Rights

The active members of the producer company may enjoy special user rights, if provided in the AoA of the company. The company may issue appropriate instruments to active members in respect of such rights. The special use rights refer to any right relating to the supply of additional produce by the active Member or any other right relating to his produce.

Benefits to Members

Every member can initially receive only the value of the produce as determined by the Board. The withheld price may be disbursed later in cash or by allotment of equity shares. The members are eligible only for limited return but can also be allotted bonus shares. The surplus can also be disbursed as patronage bonus.

Separate Legal Identity

Alike any other company, the producer company also has a separate legal identity. The assets, liabilities, rights, debts and privileges shall vest in the company. The company can deal in its own name and hold the properties, too. The change in members or the directors neither affects its existence nor the assets & liabilities or rights & obligations.

Limited Liability of Owners

The members and the producer institutions have limited liability towards the debts and obligations of the company. Their personal assets remain unaffected in any case of loss or winding up. With assurance to limited liability, the producers can invest with lower risk into such businesses.