Producer Company Registration

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OVERVIEW

What is the Producer Company?

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.

BENEFITS

Benefits of registering a farmer-producer organization

ONLINE REGISTRATION

Documents required for producer company registration

Formulation of Producer Company Name

Unique Name

Mainly it builds the company brand and preferably be a coined word

Constitution Type

Name of the company must end with “Producer Company Limited” as a suffix

Online Registration

Register a producer company in 3 easy steps

*Subject to Government processing time

The Process

Process to register a producer company online

Frequently Asked Questions

Explore incorporation of producer company

Following are the minimum requirements to obtain registration as producer company:
1) The main object of the company must be too as provided in Section 581B of Companies Act, 1956
2) Minimum 10 individuals (who are a producer) or at least 2 producer institutes must subscribe the shares of the company
3) Minimum 5 directors in the company, one of which must be Indian citizen and resident
4) The registered office of the company must be situated in India

The amount of capital prescribed for this There is no minimum amount of capital prescribed for the charitable company. The promoters may introduce the amount sufficient to start and run a business.

The name of the company should be formulated as per the naming guidelines. The application for reservation of name is made in web-form called “RUN” with a maximum of 2 unique names. The registrar may ask to re-submit the application with a different name if the names do not fulfill the requirements.

No. The registration process is completely online, the physical presence of the promoters is not required. All the documents and details can be transmitted through the mail or uploaded on our portal.

Yes, an NRI or Foreign National can be a Director after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be an Indian citizen and a resident.

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