This is Taxbhai logo

PRODUCER COMPANY REGISTRATION

Why Set Up a Producer Company: Producer companies are typically established to facilitate the activities of primary producers, such as farmers, artisans, and others involved in agricultural and related activities. The primary objectives include:

  1. Promoting the economic interests of members.
  2. Improving the agricultural and rural economy.
  3. Providing access to better resources, technology, and markets.
  4. Enhancing the bargaining power of members.
  5. Promoting sustainable farming and production practices.

Procedure to Set Up a Producer Company:

  1. Eligibility Criteria:
    • A minimum of 10 individuals (primary producers) or two or more producer institutions (cooperatives or producer companies) can form a producer company.
  1. Name Approval:
    • Apply for the approval of the company’s name to the Registrar of Companies (ROC). The name should end with “Producer Company Limited.”
  1. Drafting Memorandum and Articles of Association:
    • Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) according to the format specified in the Companies Act, 2013.
  1. Registration and Incorporation:
    • After the ROC’s approval of documents, you will receive a Certificate of Incorporation. This certificate indicates that the producer company is legally formed.
  1. Obtain PAN and TAN:
    • Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the producer company.
  1. Open a Bank Account:
    • Open a bank account in the name of the producer company and deposit the initial capital.
  1. Apply for Other Registrations:
    • Depending on your activities, you may need to apply for other registrations like GST, FSSAI, etc.

18,000.00

Additional Details

Documents Required for Producer Company Registration:

  1. Memorandum of Association (MOA).
  2. Articles of Association (AOA).
  3. Consent letters from all members.
  4. Declaration of the directors.
  5. Address proof for the registered office.
  6. Identity proof and address proof of all members.
  7. Name approval certificate.
  8. Duly filled Form INC-9 and Agile-pro
  9. PAN and TAN of the company.
  10. Bank account details.
  11. Farmers certificate on letter head of Agriculture officer duly certified.