What is a Producer Company?
Producer Company is the one which is Registered under Indian Companies Act 2013 for the producing Agricultural goods by way of co-operative business as a Body Corporate. A Producer COmpany can be registered for the following object
- Production, farming, harvesting, handling, marketing, selling, exporting of Primary Produce (Things that is produced through farming) for the benefit of its members
- Also includes drying, processing, preserving, packing of the produce of its members
- Manufacture, sale and supply of agricultural equipments to its members
- Provide educational assistance for its members
- Insurance assistance for the befit of its members
- Welfare measures for the benefit of its members
Requirements for Procedure Company
- Minimum 10 members are required to form a company (or) minimum two institutions
- Minimum share capital required to form a Procedure Company in India is that of Rs.5,00,000/-
- Minimum 5 Directors are required to form a Procedure Company
Features of Producer Company
- The is treated as a Private Limited Company
- The liability is limited to its share
- The maximum number of members shall be 50
Documents that are required for a producer company
- Pan Card of all the directors
- Aadhar card of all the directors
- ID proof of all the directors
- Passport size Photo of all the directors
- Address proof for company (Rental Deed)
- Electricity bill
Advantages of Producer Company
This producer company gives a very admirable reparation to the organisation and its products. This producer company can own property in its own name. Fuehrer this producer company can accept deposit from its members. And it can also lend money to its members. The most important aspect is that the producer company is a separate legal entity and liability is limited.
Procedure for forming a Procedure Company
Trademark Registration
Easy Steps to Register
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Copyright Registration
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Company Registration
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Design Registration
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Patent Registration
Easy Steps to Register
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MSME Registration
Easy Steps to Register
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