Producer Co. Registration
₹ 25,000/- (inclusive all)
- 5 Digital Signature Certificates
- 5 Director Identification Numbers
- 1 Name Approval Application under RUN
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe
- MOA & AOA
- PAN
- TAN
₹ 30,000/- (inclusive all)
- 5 Digital Signature Certificates
- 5 Director Identification Numbers
- 1 Name Approval Application under RUN
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe
- MOA & AOA
- PAN
- TAN
- MSME
- GST Registration
- First 3 Month GST Return
What is Producer Company?
A producer company is basically a company registered to deal with the primary production of its active member related to farming. The main objective includes production to its selling and exporting also. For the purpose of incorporation of producer company, Part IXA of Companies Act, 1956 is applicable until any special Act is enacted for such companies.
A producer company is registered with ten or more member being producers; or any two or more producer institutions; or its combination. Alike any other company, the liability of its members is limited to the extent of unpaid share capital by its members. The producer company is deemed to be a private limited company under this Act, however, the threshold of the number of members does not apply to same.
Advantages of Producer Company
Documents Requirements
PAN Card
PAN Card of shareholders and Directors.
Foreign nationals must provide a valid passport.
- Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
Photograph
Latest Passport size photograph of Shareholders and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office.
Rent Agreement
Rent Agreement of the registered office should be provided if any
Procedure
Frequently Asked Questions
Following are the minimum requirements to obtain registration as producer company:
1) The main object of the company must be too as provided in Section 581B of Companies Act, 1956
2) Minimum 10 individuals (who are a producer) or at least 2 producer institutes must subscribe the shares of the company
3) Minimum 5 directors in the company, one of which must be Indian citizen and resident
4) The registered office of the company must be situated in India
The amount of capital prescribed for this There is no minimum amount of capital prescribed for the charitable company. The promoters may introduce the amount sufficient to start and run a business.
The name of the company should be formulated as per the naming guidelines. The application for reservation of name is made in web-form called “RUN” with a maximum of 2 unique names. The registrar may ask to re-submit the application with a different name if the names do not fulfill the requirements.
Yes, an NRI or Foreign National can be a Director after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be an Indian citizen and a resident.
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