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Producer Company Registration
All about Producer Company
Producer Company is a company
registered under the Companies Act, 2013, which has the objective of
production, harvesting, procurement, grading, pooling, handling, marketing,
selling, and export of primary produce of the Members or import of goods or
services for their benefit. Produce are things that have been produced or
grown, especially by farming. Therefore, a Producer Company deals primarily
with agriculture and post harvest processing activities. In a producer
company, you can appoint agriculturist members and accept deposits in the form
of RD/FD and provide them maturity as well as distribute loans to your farmer
members and charge interest from them
Salient features of Producer Company
- 10 or more individuals (each being a producer) or 2 or more producer institutions or combinations of individuals and institution can incorporate the producer company
- Every producer company is to have at least 5 and not more than 15 directors
- Minimum initial paid-up authorized share capital shall be Rs 5 lakh
- Acceptance of deposits permitted by complying the regulations
Documents Required for registration
- DIN Number of the Directors
- Digital Signatures of the Directors and Shareholders
- Registered Office address
- Passport size photograph of each director
- Identity proof of each director
- Residence proof of each director
- Address proof of registered office
Note : Govt. fee and DSC charged will be paid on actuals separately.
