Producer Company

  • Easy Management
  • Better Credibility
  • Uninterrupted Existence
  • 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.

    Advantages

  • A Producer Company deals primarily with agriculture and post-harvest processing activities.

  • Empowering farmers by creating clusters of farmers organized as a Producer Company

  • Minimum Requirements

  • Minimum of Five Directors and Ten Producers required. Directors and Producers may be same.
  • Minimum share capital should be Rs. 5,00,000 /- [five lakh rupees].
  • DSC [DIGITAL SIGNATURE CERTIFICATE] & DIN [DIRECTOR IDENTIFICATION NUMBER] for all Directors.
  • Require Documents PAN Card, Address & ID proof of all Directors.
  • Address proof of proposed registered office address for registration of company.