Producer

Portfolio name

  • What is Producer Company Registration?

    A Producer Company was introduced in India with the Companies Act, 2013. It gives persons engaged in activities related to produce (what has been grown or produced, particularly by farming) the opportunity to form a company. A producer company can be formed by 10 or more producers (persons involved in, or in activities related to, produce or growth), two or more producer institutions or a combination of 10 or more producers and producer institutions. Such a company can only have equity capital, require a minimum of five directors and an authorised capital of Rs. 5 lakh. The procedure for forming a producer company is similar to the one for forming a private limited company.

  • Documents Required for Producer Company Registration


    IDENTITY AND ADDRESS PROOF

    Identity and the address proof will be needed for all the directors and the shareholders of the company to be incorporated. In case of an Indian national, PAN card is mandatory. For the foreign nationals, apostilled or notarised copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.


    REGISTERED OFFICE PROOF


    All companies should have a registered office in India. To prove admittance to the registered office, a recent copy of electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/ his consent to use the office as a registered office of the company should be submitted.


     Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs).


      Scanned copy of Voter’s ID/Passport/Driver’s License


      Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill Scanned passport-sized photograph Specimen signature (blank document with signature [directors only])


    FOR THE REGISTERED OFFICE:


      Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill


      Scanned copy of Notarised Rental Agreement in English


     Scanned copy of Notarised Rental Agreement in English


      Scanned passport-sized photograph


      Scanned copy of Sale Deed/Property Deed in English (in case of owned property)


  • Types of Producer Companies

    Production Businesses


    The main type of producer companies are those involved in production, procurement or manufacture of any primary produce for its members (for further sale) and to others.


    Marketing Businesses >


    Even a business involved in the marketing or promotion of primary produce or provision of educational services to members and others can constitute itself as a producer company..


    Technical Service Businesses


    Any business offering technical assistance to producers, providing training and educational services or conducting research and development can register as a producer company..


  • Advantages of Nidhi Company

    Cheaper to Borrow


    As a member, one can borrow money at a minimum rate, relative to the rate at which banks lend money.This can be a major advantage in times of need, as different individuals in the mutual benefit society are likely to need funds at different points in time.


    Encourages Savings>


    A Nidhi company encourages all its members to save money and encourages a thrifty lifestyle. A Nidhi company, after all, is amutual benefit society wherein memberscan lend or borrow money and accept financial aid amongst them..


    Fewer Complications


    Borrowing and lending to known persons, where the procedure is fixed, is much less complicated than dealing with banks or in an informal setting. A Nidhi Company enables its members to unlock the potential of their money and gain from lower interest rates when they require money themselves..


  • Procedure for producer Company Registration

    1 WORKING DAY


    We will help you decide what registration you need, whether service tax, sales tax, import/export code, professional tax or Shops and Establishments Act registration. We will also inform you of the documents you need to get started.


    5 WORKING DAYS


    We will connect you to a verified vendor who will file your application and keep you up-to-date on its status. Our vendors are well-experienced in handling local registrations.


    15 WORKING DAYS


    We will offer our complete support until you receive the registration you've selected. This could take up to 15 days in some cases, but as few as 5 days in others. This depends on the workload of authorities and other externalities.


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