Producer Company

WHAT IS PRODUCER COMPANY ?

1. A Producer Company is essentially a registered company that focuses on various aspects of agriculture, such as producing crops, processing harvests, buying and selling agricultural products, and even engaging in international trade of these products.
2. Think of it as a legally recognized organisation formed by farmers and agriculturists with the goal of improving their living standards and ensuring they have better support, income, and profitability.
3. The primary aim of a producer company is to help agricultural businesses come together as formal companies, making it easier for them to operate and potentially transforming existing cooperative ventures into these more structured entities.

What is a Producer Company in India?
A Producer Company is a type of organisation that is registered under the Companies Act, 2013, primarily for the benefit of farmers and rural producers. It facilitates collective action and resource pooling among producers.

Why do I need a consultant for Producer Company registration?
A consultant can provide expert guidance, help with documentation, and ensure that the registration process complies with all legal requirements. They streamline the process, saving you time and effort.

What are the eligibility criteria for registering a Producer Company?
To register a Producer Company, you must have a minimum of ten eligible primary producers, or two or more producer institutions, or a combination of both. It can be formed by farmers, artisans, or any other group engaged in the primary production of agriculture and related activities.

1. Choosing a unique name for the company.
2. Drafting the Memorandum of Association (MOA) and Articles of Association (AOA).
3. Obtaining Digital Signatures for the directors.
4. Filing the incorporation documents with the Registrar of Companies (ROC).
5. Paying the prescribed fees.
6. Obtaining the Certificate of Incorporation.

How long does it take to register a Producer Company in India?
The timeline for registration can vary, but it generally takes around 30 to 60 days from the date of submitting all necessary documents and forms to the ROC.

What are the compliance requirements for a Producer Company after registration?
After registration, a Producer Company must comply with various statutory requirements, including conducting Annual General Meetings (AGMs), filing annual financial statements, and maintaining proper books of accounts.

Can a Producer Company raise funds from external sources?
Yes, a Producer Company can raise funds from its members, banks, financial institutions, and government schemes. However, it must adhere to the provisions of the Companies Act and other relevant regulations.

What are the benefits of registering as a Producer Company?
Registering as a Producer Company offers benefits such as improved access to credit, better marketing opportunities, collective bargaining power, and limited liability for members.

How much does it cost to register a Producer Company with a consultant?
The cost of hiring a consultant for Producer Company registration may vary depending on the services provided and the complexity of your case. It's advisable to request a quote from the consultant for a clear understanding of the costs involved.

Can I change the objectives or name of a Producer Company after registration?
Yes, you can change the objectives or name of a Producer Company, but it requires following specific legal procedures, including obtaining approval from the members and filing the necessary forms with the ROC.

Documents Required

1. ID proof -Passport/ Driving License/ Voter ID card/ AADHAAR Card
2. PAN card of the applicant
3. Email ID and mobile number
4. Rent agreement on the name of the company (if rented)
5. Utility bills-telephone, electricity, and municipal (Not older than 60 days)
6. In case the applicant is a foreign national (Self-attested)
7. Passport (Apostille and Notarized)
8. Residential proof (Apostille and Notarized)
9. Attested copy of VISA (If not in India)
10. Attested copy of Resident Permit certificate (If the applicant is in India)
11. Farmer Certificate

Starting a Producer Company involves several steps and processes. Here's a professional outline of the steps generally followed to register a Producer Company: