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PRODUCER COMPANY REGISTRATION
Facilitate farmers and primary producers’ access to credit, production technology, and other resources for their upliftment and progress.
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PRODUCER COMPANY REGISTRATION ONLINE
Producer Company Registration in India at just Rs. 22,990/- (all inclusive)
Approximately 60% of India’s population relies on agricultural activities for their livelihood, making the country’s economy predominantly agriculture-centric. However, farmers and primary producers have long endured significant challenges and struggles. To address these issues, the Government of India established a committee led by Mr. Y.K. Alagh, an Economist. After a thorough analysis, a new concept called Producer Company registration was introduced in 2002. This innovative business entity aims to assist primary producers and farmers by providing them with access to essential resources such as inputs, credit, production technology, and markets. As a result, Producer Company Registration in India has gained considerable popularity.
The primary objective of registering a Farmer Producer Company is to facilitate the establishment of cooperative businesses as corporate entities. Additionally, it aims to enable the transformation of existing cooperative businesses into corporate entities.
A Producer Company is a legally recognized entity formed by farmers and agriculturists with the objective of enhancing their standard of living and ensuring the well-being of their collective resources, incomes, and profitability. It serves as a platform for farmers to collectively work towards improving their socio-economic conditions and achieving greater prosperity.
According to the regulatory guidelines under the Companies Act 1956, the incorporation of a Producer Company requires a minimum of 10 individuals or 2 institutions. These individuals and institutions should share similar business objectives related to activities such as production, grading, pooling, harvesting, procurement, handling, marketing, selling, export of primary produce, or import of goods or services. By joining forces, they can establish a corporate entity that serves their common goals and interests.
The process of farmer producer company registration can be complex and time-consuming, often taking up to 40 days for incorporation. However, by partnering with VakilTrust Legal Consultants, the incorporation of a producer company in India can be expedited and streamlined. Their expertise and assistance ensure a quick and efficient registration process for farmer producer companies, saving valuable time and minimizing administrative hassles.
Register your Producer Company in India effortlessly and at a highly affordable price of just ₹ 22,990. Take advantage of this opportunity to establish your producer company with ease and minimal financial burden.
BENEFITS OF A PRODUCER COMPANY
HOW TO REGISTER A PRODUCER COMPANY IN INDIA?
REQUIREMENTS FOR PRODUCER COMPANY REGISTRATION
CHECKLIST FOR FARMER PRODUCER COMPANY INCORPORATION
Before starting the Farmer producer company registration process, we must have to follow some basic point to be kept in mind to ensure a hassle free and efficient incorporation of producer company online:
- A minimum of 10 members (producers or farmers) can join together for farmer producer company registration process. There is no upper limit on the number of individuals that can join a producer company as a member.
- A minimum of 2 or more producer institutions can take part in producer company incorporation process online.
- A combination of above two points are also valid.
- For Producer Company Registration online, a minimum authorized capital of Rs. 5,00,000 is mandatory.
- A minimum of 5 directors and a maximum of 15 directors are required for producer company registration process.
- Note: A producer company registration can be converted into a Multi-State Co-Operative Society at a later stage but it can never be converted into a Public Limited Company.
- Atleast four board meetings must be held each year in a producer company. It is important to note that the meetings must be held once every three months.
- A full-time Chief Operating Officer (CEO) must be appointed by the board in a farmer producer company registration.
BELOW IS THE LIST OF DOCUMENTS REQUIRED FOR THE REGISTRATION OF PRODUCER COMPANY:-
FROM ALL DIRECTORS AND SHAREHOLDERS
- PAN Card or Passport or Voter ID Card
- Latest Bank Statement/Telephone or Mobile Bill
- Voter’s ID/Passport/Driver’s License
- Passport-sized photograph of all directors and shareholders
FOR PROPOSED REGISTERED OFFICE (RESIDENTIAL OR COMMERCIAL)
- Copy of any Utility bill
- Scan copy of Rent agreement with NOC from the owner
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