Producer Company Registration
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Price: ₹ 30,000/-*
*Subject to approval of Government portal services
1) Inc. Govt fees upto 5 lakh capital
2) 10 DSC
3) INC-20A (Business Commencement)
4) Share Certificate
5) Memorandum of Association
6) Article of Association
7) PF Number
8) ESIC Number
9) PAN and TAN
10) Current account opening support
Producer Company Registration
A producer company is one that was established with the intention of producing, harvesting, purchasing, classifying, pooling, handling, marketing, and selling the primary products of the members or importing goods or services for their benefit.
“Produce” refers to things that have been grown or produced, particularly through agriculture. This indicates that a Producer Company primarily engages in agricultural production and post-harvest processing operations. The Director must be a natural person over the age of 18.
Minimum requirements for Farmer Producer Company Registration:
1) 5 Director
2) 10 or more Individuals Member (no upper limit as such) or Two or more producer institutions or a combination of 10 or more farmers/producers and producer institutions
3) ₹ 5 Lakh minimum capital requirement
4) Digital Signature (DSC) for all Director/Member
Process for Registration of a Producer Company for Farmers :
Step 1- Obtaining Digital Signature of the Director/Members – Each prospective director and member must obtain a Digital Signature Certificate (DSC).
Step 2- Name application for Private Limited Company with MCA – The name must comply with the guidelines provided by the Ministry of Corporate Affairs. Approved name of the Private Company is available for 20 days from the date of approval. The name application request for a company name must be submitted to the Ministry of Corporate Affairs (MCA). The proposed company name must be unique. The name shall not be similar or resemble to the existing company/LLP registered. If the proposed Company is not incorporated within such period, the name shall be lapsed and will be available for other applicant/ OPC/Company.
Step 3- Incorporation documents – All documents and information pertaining to the registered office, directors, and members, as well as the Memorandum of Association (MOA) and Articles of Association (AOA), must be submitted via online forms (SPICe Form) following the approval of the Company’s name.
Step 4- Issue of Certificate of Registration – The Ministry of Corporate Affairs (MCA) will approve the forms and issue a Certificate of Incorporation along with a Pan card and Tan allotment letter if it determines that all the documents and information are accurate and complete. The Government also issues ESIC number and PF number on email id of the applicant.
Step 5- Opening of Current Account – Once a company is registered in India. The company must submit all the required documents and apply for a current account with any banks.
Minimum Documents required for registration of Producer Company for Farmers:
Once the name is approved, you need to prepare the following documents:
Pan card of each Director and Member
Aadhar Card of each Director and Member
Electricity bill
Passport size photograph of each Director and Member
Passport/Driving license/Voting Card of each Director and Member
Bank statement/Utility bill of each Director and Member
Address proof for office of One Person Company
Advantages of Producer Company Registration in Pune:
✑ Limited Liability – In the event that the Company files for bankruptcy, the directors’ personal assets are protected by the Private Company.
✑ Credibility – Producer limited companies are more popular among financial institutions, suppliers, and clients because they have a better reputation and credibility.
✑ Fund raising – A producer limited company has a number of options for raising capital, including venture capitalists, share sales, and bank loans.
✑ Separate legal entity – A Producer Limited Company is distinct from another entity legally. Members of the company, such as shareholders or directors, are not personally responsible for the obligations of the company.
✑ Perpetual existence – Private businesses are always in existence. This indicates that the company will continue to exist until it is formally dissolved.
✑ Ownership Transferability – It is easy to transfer a member of Private Company’s shares to a new owner. In essence, Members can easily transfer their shares.
You can easily complete the company registration process with the aid of anuvartanaservices.com in as little as 10-15 working days!
To establish a producer company, you must gather a team of ten or more farmers, agriculturalists, or rural producers. You must select the name of the producer company and reserve it with the Registrar of Companies. You must then prepare the required paperwork, such as a Memorandum of Association and Articles of Association, and submit an application for producer company registration with the Registrar of Companies.
A Producer Company must have a minimum paid-up capital of 5 lakh.
The answer is yes, a Producer Company in Pune can be changed into a Private Limited Company or LLP subject to following the necessary legal requirements and procedures.
The Producer company is authorised to accept the deposit as a Fixed Deposit (FD) or Recurring Deposit.
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