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Incorporation of Producer Company

44450* Basic Package

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Overview

The producer company is usually a company that engages itself in activities related to primary production. Under the provision of the company Act, a producer involves himself in any activity related only to production. Thus a corporate body that has the only objective to produce something is known as a Producer company.

The production activity may include harvesting, procurement, pooling, grading, selling, or exporting primary products, handling, and marketing. Furthermore, the producer company also must deal with the production of its active member. It can also carry out any of the following activities by itself or other entities:

1) The producer company can carry out the processes of its members. It includes preserving, drying, distilling, canning, vinting, brewing, and packaging production.

2) They can manufacture or sale the machinery or equipment that is mainly essential for their members.

3) Producer Company can educate its member about mutual assistance principle.

4) The producer company can also render consultancy, technical, training, research, and development services to all its members; it is done as a purpose to promote the interests of the members.

5) Producer Companies can generate, transmit, or distribute power to its members for increasing the fertility of land for primary production.

6) They can create insurance for the producers as well as their primary production.

7) Producers companies can develop mutual assistance techniques within its active members.

8) They can take any welfare measure that benefits the members, but the board must decide the measures.

9) They may involve themselves in activity, ancillary, or incidental to any activity that promotes mutual assistance.

10) The producer company can also finance activities related to primary produce such as procurement, processing, and marketing. It also includes extending a credit facility for its members.

Producer company registration

To set up as a producer company in India, you must need the following members in any combination necessary:

1) The producer company must have ten or more ten individuals who are a farmer.

2) They must have more than two producer institution.

3) A combination of more than ten individuals along with producer institution.

The registration process of a producer company is quite similar to that of a private limited company. However, the name approval is the primary step while applying to be a producer entity. The company name shall end with the producer limited company. Once you obtain your name from the MCA, the application of incorporating as limited producer company can be filed in the prescribed format.

After applying, if the registrar finds satisfaction in your incorporations process, he or she will grant you the certificate of incorporation. Now you can function similarly to a private limited company with subject to certain provisions. However, the limited producer company does not have any limit on the number of members. 

Advantages

Registering yourself as a producer company offers you various benefits that include: :-

1) Increase in credibility.

2) Limited liabilities.

3) Ease in management.

4) Separate legal entity.

Document Required

The documents that are necessary to provide from all the directors and shareholders are:

  • A copy of Pan Card of directors and shareholders.
  • Copy of election ID and passport of all the directors and shareholders.
  • Updated bank statement copy of directors and shareholders.
  • Telephone or mobile bill.
  • A copy of voter’s ID, passport, or driving license of directors and shareholders.
  • Passport-sized photographs of all the directors and shareholders.

The documents that are required for the purposed registered office. It may be residential or commercial:

  • A copy of utility bill or electricity bill for as proof of address.
  • Scan copy of the rent agreement and NOC from the owner (applicable for those who are rented).
  • If you own a property, then you need to provide a copy of your property papers.

Time Lines

  • (10 to 15 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • Filing of application with registrar authorities
  • Receipt of Registration Certificate
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

44450*
  • Expert Consultation
  • PAN Application (if PAN of proprietor is not available)
  • Registration with GST
  • Registration with MSME

Business

51950*
  • Expert Consultation
  • PAN Application (if PAN of proprietor is not available)
  • TAN Application
  • Registration with GST
  • Registration with MSME
  • 3 months GST return filing upto 50 invoice per month

Enterprise

54950*
  • Expert Consultation
  • PAN Application (if PAN of proprietor is not available)
  • TAN Application
  • Registration with GST
  • Registration with MSME
  • 3 months GST return filing upto 50 invoice per month
  • 3 months account upto 75 entries per month
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.

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