Launch Your Producer Company Today - Register with FastLegal for Hassle-Free Process

Director or shareholder requirement (Minimum persons required)

• A minimum of 5 directors and 10 shareholders are required to register a Producer Company.
• All shareholders and directorsmust be engaged in producer or engaged in agricultural activities.
• The directors and shareholders must be individuals and not companies.
• Directors and shareholders can be the same persons.

Documents required for producer company registration

Initially, you need to provide following information.

• Name of proposed company
• Business objects of the Company
• State of registration
• Mail addresses and contact numbers of Directors/Shareholders

Documents required are as follows

• I. Identity and residence proof of Directors/Shareholders
  1. Scanned copy of pan card
  2. Scanned copy of Aadhaar card/driving license/voters’ identity card
  3. Bank statement/electricity bill or any other utility bill not older than 2 months (should be in the name of Director or Shareholder only)
  4. A document to prove that the shareholders and directorsproducers or engaged in agricultural activities
• II. Documents for registered office of Company:
  1. Scanned copy of electricity bill or no objection certificate in case of owned property or
  2. Scanned copy of rent agreement, electricity bill and no objection certificate if registered office premise is rented or
  3. Scanned copy of sale deed/property deed and no objection certificate in case of owned property and no electricity bill is available.

Producer limited company registration package inclusions:

• Digital Signature of All directors and shareholders.
• DIN of Directors
• Drafting of Moa &Aoa of the Company
• Filing of company registration application with Registrar of Companies along with MOA, AOA and application for allotment of Pan and Tan.
• Certificate of Incorporation
• Pan of the Company
• Tan of the Company
• PF & ESIC registration of the Company
• Assistance in opening bank account.

Features of Producer Company

Membership:

A Producer Company must have a minimum of 10 members and 5 directors.

Limited Liability:

Like any other company, a Producer Company is a separate legal entity from its members, which means the personal assets of the members are protected from the liabilities of the company.

Profit-Sharing:

The profits of a Producer Company are distributed among the members based on their respective contributions to the company’s business.

Democratic Control:

Each member of a Producer Company has an equal say in the management and decision-making process of the company, regardless of their shareholding.

Common Pool of Resources:

Members of a Producer Company pool their resources, knowledge, and expertise to improve their agricultural activities and gain better access to credit, technology, and markets

Tax Benefits:

A Producer Company is eligible for various tax benefits, including exemptions and deductions under the Income Tax Act and other applicable laws, which can help in reducing the company’s tax liability.

Perpetual succession

A producer company has perpetual succession. This means that the company continues to exist even if its owners or shareholders die or leave the company. This provides a great deal of stability to the company and allows the business to continue even in the event of changes in ownership.

Producer Company Registration process

• Choose a Unique Company Name: The company name should be unique and should not be identical or too similar to existing company names already registered with the Ministry of Corporate Affairs (MCA)
• Obtain Digital Signature Certificates: The applicant should obtain the Digital Signature Certificates (DSC) of all the directors and the promoters.
• Draft the Memorandum of Association and Articles of Association: The Memorandum of Association (MOA) and Articles of Association (AOA) should be drafted as per the Companies Act, 2013.
• File incorporation application with MCA:The web form Spice INC-32 along with Memorandum of Association and Articles of Association should be filed with the Registrar of Companies (ROC).
• Obtain Certificate of Incorporation: Upon successful filing of web form INC-32, the Registrar of Companies will issue Certificate of Incorporation.
• Obtain Pan and Tan of Company: Pan and Tan of Company are issued along with Certificate of Incorporation

Why Fastlegal

FastLegal is a leading business registration service provider that offers reliable, efficient, and cost-effective solutions for registering a Producer Company in India. Our team of experts has years of experience in helping entrepreneurs and businesses navigate the complex registration process with ease. With FastLegal, you can be assured of getting the best guidance and support to start your business. We offer a hassle-free process and ensure that all the necessary documents and formalities are taken care of, leaving you free to focus on your business goals. Our pricing is competitive and transparent, and we offer a wide range of services to cater to your specific needs. Choose FastLegal for your Producer Company registration and take the first step towards a successful business.