Producer Company Price - 11999/- + Govt. Fee Extra Book Now

Producer Company means a corporate body having objects or activities as specified under the Companies Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce. In a producer company, you can appoint agriculturist members and accept deposits in the form of Recurring deposit / Fixed deposit and provide them maturity as well as distribute loans to your farmer members and charge interest from them.

Allowed Activities for Producer Companies:
A producer company is basically a body corporate registered as Producer Company under Companies Act, 2013 and shall carry on or relate to any of following activities classified broadly: –
(a) Production, harvesting, processing, procurement, grading, pooling, handling, marketing, selling, export of *primary produce of the Members or import of goods or services for their benefit.
(b) Rendering technical services, consultancy services, training, education, research and development and all other activities for the promotion of the interests of its Members;
(c) Generation, transmission and distribution of power, revitalization of land and water resources, their use, conservation and communications relatable to primary produce;
(d) Promoting mutual assistance, welfare measures, financial services, insurance of producers or their primary produce;

1. Only persons engaged in an activity connected with, or related to, primary produce can participate in the ownership.
2. The members have necessarily to be primary producers.
3. Termed as “Companies with Limited Liability†and the liability of the members will be limited to the amount, if any, unpaid on the shares.
4. Name of the company shall end with the words “Producer Company Limited“.
5. On registration, the producer company shall become as if it is a Private Limited Company for the purpose of application of law and administration of the company

However, it shall comply with the specific provisions of part IXA.
The limit of maximum number of members is not applicable to these Companies.

1. Ten or more producers (individuals); or
2. Two or more producer institutions; or
3. Combination of the above two (10+2)
4. Share capital of a Producer Company shall consist of equity shares only
5. At least 5 and not more than 15 Directors
6. Self-attested copies of KYC documents of Shareholders / Director (PAN, Aadhar & Bank Statement (Not older than 2 months)
7. Latest one colour photograph of all Shareholders / Director
8. Proof of Registered Office Address (Electricity Bill / Phone Bill / Water Bill) (Not older than 2 months)
9. NOC from the owner of premises
10. Consent from all the Directors in the Form No. DIR-2