How To Register A Producer Company

GETMEONLINE assists you in Producer Company Registration at every stage until the MCA issues you a certificate of incorporation.

 
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Step 1: Name Reservation

We help you with your company’s name reservation. We ensure the name should have the words ‘PRODUCER COMPANY’ at the end.

Step 2: DSCs & DIN

We help you get 5 DSCs and 1 DIN.

Step 3: Drafting & Filing

We draft and file the documents required for your company registration (MoA, AoA, PAN & TAN).

Documents Required for Producer Company Registration

TO BE SUBMITTED BY DIRECTORS & SHAREHOLDERS

  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
  • Scanned copy of Voter’s ID/Passport/Driver’s License
  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Passport-size Photograph
  • Specimen signature (blank document with signature [directors only])

Note: Any one of the directors must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).

Advantages of a Producer Company

Economies Of Scale

Only 15% of India’s farmers own over two acres of land. The majority of farmers are, therefore, unable to safely unlock the advantages that come with economies of scale. With a producer company, multiple farmers can work as a collective and lower costs, reduce risk and even get access to better credit facilities.

 

Limited Liability

All businesses can run the risk of not being able to repay their liabilities. It is a necessary evil. In this event, a sole proprietor (or individual producer) would be personally liable for all the debts of the business. The members of a producer company, on the other hand, have unlimited liability as the company is an entity in itself.

Better Management

Rather than a single farmer managing the entire business, work within a producer company can be divided between its directors. The entity is managed by the Board of Management, which has a tenure of five years. Also, a Producer company has a separate legal existence, which means that it isn’t affected by the death of any of its members.

 

Types of Producer Companies

Production Businesses :The main functions of producer companies are production, procurement or manufacture of any primary produce for its members (for further sale) and to others.

Marketing Businesses : Even a business involved in the marketing or promotion of primary produce or provision of educational services to members and others can constitute itself as a producer company.

Technical Service Businesses : Any business offering technical assistance to producers, providing training and educational services or conducting research and development can register as a producer company.

Financing Businesses : Any business financing producer activities, be it in the production, marketing or development domain, can register itself as a producer company.

Infrastructure Businesses : Businesses involved in providing infrastructure to producers, whether in the form of electricity, water resources, irrigation techniques, land utilisation, or consultation with regard to the same, may constitute themselves as a producer company.