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Business Registration - Producer Company

PACKAGES

Basic

This package includes:

10 DSC and 10 DIN.

Name approval.

PAN and TAN.

Incorporation fee.


Rs. 69899
+18% GST applicable

Standard

This package includes:

10 DSC, 10 DIN.

Name approval.

PAN, TAN.

Incorporation fee.

MSME under Udyog Aadhaar.

Compliance tracking.

GST registration.

One year TDS filing.


Rs. 73899
+18% GST applicable

Premium

This package includes:

10 DSC, 10 DIN.

Name approval.

PAN, TAN.

Incorporation fees.

MSME under Udyog Aadhaar.

Compliance tracking.

GST registration.

One year, TDS filing.

Trademark registration. 


Rs. 79899
+18% GST applicable

Producer Company

Complete solution for registering a Producer Company with a minimum of ten producers, in addition to incorporation of company as Producer Company. Eazy Startup offers company incorporation from Rs. 69899/-

Registered under the Companies Act, 2013, a Producer Company is a company with the objective to produce, pool, procure, handle, sell, harvest, grade, and market or export primary produce, and implement the import of goods or services for benefit of the company. ‘Produce’ is items that have been grown or produced, chiefly by farming, therefore, a Producer company deals primarily with pre and post-harvest activities in the agricultural sector. Over 85% of the farmers in India are marginal and small farmers with land holdings of less than 2 hectares, leaving the sector very fragmented and disorganized. This fragmentation in farms and farmlands leads to disorganization and it is not feasible for Indian farmers to adopt latest technologies. By arrangement of these farmers into producer companies, economies of scale can be tapped, and survival of farmers can be enhanced. Hence, the idea of Producer Company focuses on empowering farmers by organizing Producer Companies by grouping clusters of farmers.

ADVANTAGES

Separate Legal Entity

As a legal entity and a juristic person established under the act, a producer company has the capacity to a wide range of legal privileges including the ability to purchase property or incur debts. The directors of a producer company are protected and have no liability to the creditors of a producer company.

Uninterrupted Existence

A Producer Company being a separate legal person, is unaltered by the departure or demise of any member and remains to be in existence regardless of the modifications in the membership. A producer company has ‘perpetual succession’ which means its existence is uninterrupted and continues until it is legally dissolved.

Owning Property

Members cannot make any claims upon the property of a producer company for as long as the company is an ongoing concern. A producer company being a separate juristic person, can own, accrue, and sell property in its name.

Better Credibility

Producer companies are monitored and registered by the Central Government. They earn more credibility when compared to producer organizations that are monitored and governed by State Government.

PROCESS

Obtaining DSC & DIN

Obtaining Director Identification Number (DIN) and Digital Signature Certificate (DSC) are essential for the proposed Directors of the producer company. Eazy startup can apply for DIN and DSC and they can be acquired for the proposed Directors within 5-7 days.

Name Approval & License

Name Approval can be acquired within 3-5 days. Application for reservation of name for Producer Company can be made to MCA once DIN and DSC are accessible for at least five directors.

Producer Company Registration

In general, MCA will approve the application for incorporation in 5-7 days, subject to their processing time. Registration documents can be submitted to MCA along with an application for registration once when the name approval is obtained.

 


FAQ'S

Q: Minimum number of members to start Producer Company

A: In Producer Company, minimum 5 directors and maximum of 15 directors and may be 10 or more individuals can be as its members.

Q: What is the minimum capital required to start a Producer Company?

To start a producer company the minimum capital that is required is Rs. 5, 00,000.

Q: Documents required for getting registered for Producer Company.

A: Identity and address proof of all the directors and address proof of office where the registered firm is going to operate. Pan, Aadhar card and photographs of all the directors is mandatory.

Q: How long does it take to get registered for Producer Company?

A: We at Eazy Start-up will help you to complete the registration process within 20 - 25 days.

Q: What are the requirements to be a director?

A: To be as a director in Producer Company, one must be above 18 years and a natural person and involved in farming activities.

Q: Is there any mandatory to have a registered office for Producer Company?

A: Yes, there is a need for having an address where the registered office is going to operate, which can be a commercial area or residence for the communication with MCA and other financial institutions.