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Producer Company Registration
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Producer Company Registration
A producer company is a type of business organization in which farmers or producer groups come together to engage in collective agriculture production and marketing of their produce. The main aim of a producer company is to provide better prices, market access, and support services to its members, who are also its owners and shareholders. This type of company is regulated under the Companies Act of India and is governed by specific provisions and rules to protect the interests of its members.
A Producer Company as per the Companies Act, 2013 is a company that is formed by a group of producers for the purpose of handling the production, harvesting, grading, pooling, marketing, selling, and export of their produce. The producers in such a company are also its members and owners, and the company operates for their mutual benefit and advancement.
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Document required for producer company registration
Copy of PAN Card
Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity Bill/Water Bill etc.
Copy of Voter's ID/Passport/Driver's License/Aadhaar Card
Passport-sized photograph of all directors and shareholders
Producer certificate of all Members/ Directors.
Khasra/Khatauni of all Members/Directors
Mail id and Mobile No.
Shareholding details
What we offer
Benefits of forming a Producer company
Limited Liability
In a Producer Company, the liability of the members is limited to the amount of unpaid share capital held by them, and they cannot be held personally liable for any debts or obligations of the company. This means that the personal assets of the members are protected, and they are not at risk in case the company faces financial difficulties. Limited liability is one of the key advantages of registering a Producer Company, as it provides a safe and secure way for the members to participate in the business without risking their personal assets. This makes it an attractive option for farmers and other primary producers who want to collaborate and pool their resources for the common good.
Raising Capital
A producer company has the ability to raise capital through equity or debt financing, that makes easier for it to carry out its business activities and expand. The government provides various schemes and subsidies for producer companies, which can help them to raise capital. Producer companies with a high growth potential may attract venture capital investments from investors.
Improved Bargaining Power
By forming a producer company, members can pool their resources and negotiate better terms with buyers and suppliers, thus increasing their bargaining power. Better Prices by pooling resources and bargaining collectively, a producer company can secure better prices for its member’s produce.
Access to credit
Producer companies can access credit from banks and financial institutions at competitive rates, allowing them to finance their operations and activities. Producer companies can obtain credit from suppliers and vendors, who may be willing to extend credit based on the company's reputation and creditworthiness.
Increased efficiency
Increased efficiency in a farmer producer company can be achieved by implementing modern agricultural practices, using advanced technology for farming and processing, improving supply chain management, promoting transparency and accountability, providing training and support to farmers, and establishing strong relationships with buyers and suppliers. Additionally, effective communication and collaboration among all stakeholders can also contribute to increased efficiency.
Improved market access
A producer company can provide its members with improved market access and a wider range of customers, allowing them to sell their products at better prices and improve their livelihoods. It is important for producer companies to identify and prioritize market access opportunities that align with their capabilities, goals, and values, and to continuously monitor and adapt to market dynamics to maintain their competitiveness.
Professional management
A producer company can engage professional managers to carry out its operations, improving its overall management and efficiency. Professional management can help the company maintain good governance practices and comply with regulatory requirements, which can enhance the company's credibility and reputation.
Frequently Ask Question
A producer company is a type of business organization that is formed by a group of producers with the aim of collectively producing, harvesting, and marketing their products.
Any 10 or more producers (individuals) can join together to form a producer company but there is no upper limit on the number of members. Or, any 2 or more producer institutions can form a producer company.
The process for incorporating a producer company involves obtaining digital signatures, submitting the Memorandum of Association and Articles of Association to the Registrar of Companies, obtaining a certificate of incorporation, and obtaining a PAN and TAN.
Yes, every Producer Company shall have a full time Chief Executive, by whatever name called, to be appointed by the Board from amongst persons other than Members.
Normally 7-10 days are required for Producer company Registration.
Minimum 5 Directors are required for Producer company Registration. Maximum 15 directors can be there in case of producer company.
The board of directors in a producer company is responsible for managing the company's operations, making important decisions, and ensuring that the company is running in the best interests of its members.
A producer company can raise capital through the sale of shares to its members, through loans from financial institutions, or by issuing bonds or debentures.
The general meeting in a producer company is a forum for its members to discuss important issues and make decisions about the company's operations and future direction.