Start your Business as a Producer Company
Producer Company is a deemed private limited company that is recognized as a legal body of farmers or agriculturists. It is registered with ten or more individuals / two or more institutions / combination of both. The company shall basically deal with the produce of its active members for carrying out objects as specified in section IXA of Companies Act, 1956.
Attributes of a Producer Company
- Members must be primary producers
- Ownership defined by equity shares only
- Minimum five and maximum 15 directors
- Equity shares are not be freely transferrable
- Minimum capital requirement is of Rs. 5 lakhs
- Mandatory appointment of 1 Chief Executive
- Member may enjoy special rights provided by AOA
- Higher Compliance requirements than private limited companies
Pre-requisite Documents required for Registration
- Photograph of all shareholders and directors
- PAN Card copy of all shareholders and directors
- ID Proof copy of all shareholders and directors
- Address Proof copy of all shareholders and directors
- Active DIN and Digital Signature of directors
- Address Proof copy of registered office
- Memorandum of Association (MOA)
- Articles of Association (AOA)
Our Registration Process Inclusions
- Registration related consultancy
- Collection of basic information and documents
- Obtaining DIN and Digital Signatures
- Attaining approval for Company Name
- Drafting MOA, AOA and required documents
- Obtaining Pan Card of firm for filing process
- Stamp and Notarization of necessary documents
- Preparation and filing of registration forms
- Procurement of certificate of incorporation