Producer Company Registration

Producer companies are the companies whose main objects are production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit.

Under Companies Act, 2013, a producer company can be formed by 10 individuals (or more) or 2 institutions (or more) or by a combination of both (10 individuals and 2 institutions).

One of the main objective to form a producer company is to facilitate the formation of co-operative business as companies and to make it possible to convert existing co-operative business into companies.

The objects given under section 581B are as follows for Producer Companies

The objects of the Producer Company shall relate to all or any of the following matters, namely: (As Per Law)
  • Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary production of the Members or import of goods or services for their benefit, provided that the Producer Company may carry on any of the activities specified in this clause either by itself or through other institution.
  • Processing including preserving, drying, distilling, brewing, vinting, canning, and packaging of the produce of its Members.
  • Manufacture, sale or supply of machinery, equipment or consumables mainly to its Members.
  • Providing education on the mutual assistance principles, to its Members and others.
  • Rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its Members.
  • Generation, transmission, and distribution of power, revitalization of land and water resources, their use, conservation and communication relatable to primary produce.
  • Insurance of producers or their primary produce.
  • Promoting techniques of mutuality and mutual assistance.
  • Welfare measures or facilities for the benefit of Members as may be decided by the Board.
  • Any other activity, ancillary or incidental to any of the activities referred to in clauses (a) to (i) or other activities which may promote the principles of mutuality and mutual assistance amongst the Members in any other manner.
  • Financing of procurement, processing, marketing or other activities specified in clauses (a) to (j) which include extending of credit facilities or any other financial services to its Members.

Permitted Activities of Producer companies

The Producer Company is required to deal with the produce of its members and is authorized to carry on any of the following activities

Processing (processing also includes, preserving, brewing, vinting, drying, distilling, canning and packaging) of the produce of its members.

Manufacture, sale or supply of equipment, machinery or consumables to its producer members.

To provide education on the mutual assistance principles to the producer members of the producer company and others.

Insurance of the primary produce and its producer.

Generation, transmission and distribution of power, conservation and communication relatable to primary produce, revitalization of land and water resources.

To render consultancy services, technical services, training, R&D and all other required activities for promoting the interests of producer members.

Financing of procurement, marketing, processing or other activities such as extending of credit facilities or any other financial assistance to its producer members.

Any other activity (ancillary or incidental to the main objectives of the producer company) in order to promote the mutual assistance amongst the producer members and the lines of principles of mutuality.

To promote the techniques of mutuality and mutual assistance.

The welfare of members as may be decided by the Board.

Benefits of Company as legal structure/ Why Private Limited Company

Separate Legal Entity
A company is a separate legal entity having distinct entity from its members, therefore it is separate at law from its members thereby enjoying a title of Separate Legal person in the eyes of law.

Own Assets in its name
A duly registered producer company, being a legal person, is very much capable of owning, enjoying and disposing of property in its own name. It is also entitled to accept deposits or give loans at a very reasonable interest rates to its members.

Limited Liability
The liability of the members of producer Company is limited to the extent of their contribution made.

Popular to raise funds
As compared to unregistered associations it is very easy for producer company to raise contributions.

More Credibility
A registered producer company is more credible as compared to other un registered organizations.

Documents Required

Self attested copies of PAN Card of all the directors and members

Self attested copies of Adhaar Card of all the directors and members. Duration of stay at this address (Months and years)

Self attested Passport/ Voter Identify Card / Driving License. (Identity Proof for DIN)

Self attested Bank statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Address Proof for DIN)

Passport size photographs of all the directors

Mobile No. and E-Mail id of all the directors

2-3 Proposed Names and objects to be conducted by the Company

Copy of Utility Bill Eg- Landline Bill or Electricity Bill where the registered office of the company is to be situated (Shall not ne older than 2 Months)

In case of rented premises- Rent Agreement + Electricity Bill + NOC

Other Information Required

Educational qualification and Occupation of director and members.

Place of birth of director.

Process of Incorporation

Step 1.

Preparation of digital signatures

Step 2.

Name Application through RUN

Step 3.

Filing of Incorporation Documents with registrar

Step 4.

Certificate of incorporation issued along with PAN and TAN

Pricing

Normal

Starting at Rs.44,999/- Onwards
  • 10 Class 2 DSC
  • 10 Director Identification No.
  • Authorised Share Capital up to Rs. 10,00,000.
  • MOA & AOA
  • PAN & TAN Fees
  • GST Registration
  • Certificate of Incorporation
  • Commencement of Business Certificate

Standard

Starting at Rs.55,999/- Onwards
  • 10 Class 2 DSC
  • 10 Director Identification No.
  • Authorised Share Capital up to Rs. 10,00,000.
  • MOA & AOA
  • PAN & TAN Fees
  • GST Registration
  • Certificate of Incorporation
  • Commencement of Business Certificate
  • Annual Accounting and Bookkeeping
  • Annual ITR Filing
  • Annual ROC Filing

Executive

Starting at Rs.61,999/- Onwards
  • 10 Class 2 DSC
  • 10 Director Identification No.
  • Authorised Share Capital up to Rs. 10,00,000.
  • MOA & AOA
  • PAN & TAN Fees
  • GST Registration
  • Certificate of Incorporation
  • Commencement of Business Certificate
  • Annual Accounting and Bookkeeping
  • Annual ITR Filing
  • Annual ROC Filing
  • GSTR 3B and GSTR-1 Filing
Note: Charges may vary as per points mentioned Below
  • In case of Rs.10 lakh authorised capital, stamp duty of Rs.5120 (on actuals) will be chargeable extra for the state of Gujarat. Rs.5510 will be the additional stamp duty charges for state of Rajasthan. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7,550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15,025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3,025 will be applicable.
  • Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. Filingwale will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
  • In case RUN_Name Approval is rejected, then charges will increase in proportion to No. of RUN Forms Filed.

Start Here

Upload Documents

Upload Documents

Fill Form

Filling up form (for 10 percent additional discount)

Payment Gateway

Payment Gateway

Incorporation Process Initiate

Incorporation Process Initiate

Start Here

Upload Documents
Filling up form (for 10 percent
additional discount)
Payment gateway
Incorporation process initiate

Frequently Asked Questions

How long will it take to incorporate a Producer Company?

A Producer Company can be incorporated in 20-30 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

How long will the registration certificate valid for?

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

How many persons are required to register a Producer Company?

A minimum of five people are required to register a producer company in India.

Requirements to be a Director?

The Director needs to be over 18 years of age and must be a natural person. The Director must be involved in farming activities.

Is an office required to register a Producer Company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / agricultural / residential where communication from the MCA will be received.