Producer Company Registration in India

Rs 4,999/- only

(Professional Fees)

Get your farmer producer company registered from Zebotax, one of the best farmer producer company registration consultants in India. Just Scroll down to know the producer company registration process in India.

Minimum requirements for Farmer Producer Company Registration in India

  • Minimum of ten shareholders and five directors are required to register a private limited company
  • The directors and shareholders can be same person
  • Minimum Paid Up Capital requirement – 5 Lakhs
  • At least one director must be a resident of India (that person must have stayed in India for at least 182 days in the previous financial year)
  • The company name should be unique and should not be identical or similar to any of the existing company. The producer company should have a registered office within India
  • One person should be appointed as a full time Chief Executive Officer
  • The company should not be engaged in any illegal or prohibited business activities
  • Director Identification Number (DIN) and Digital Signature Certificate (DSC) are mandatory for the directors of the company

Documents Needed for Farmer Producer Company Formation

  • PAN Card copy of each Director / Member
  • ID Proof of each Director (any one)
    Election Card / Driving License / Aadhar Card / Passport Copy
  • Residence Address Proof of each Director (any one)
    Bank Statement (up to one month old) / Bank Passbook with last one month entries / Latest Electricity Bill on director’s name / Mobile Bill (postpaid) / Landline Bill (postpaid)
  • 1 Colour Photograph of each Directors
  • Place of Business Proof (any one) + NOC (if any)
    Electricity Bill / Mobile Bill / Landline Bill / Gas Bill
  • Any other document specially required by ROC (if any)
  • * Special Requirement in case of Foreign National: Passport Copy of each Foreign Director (mandatory)

Steps Involved in Farmer Producer Company Incorporation in India

The process for registering a producer company in India involves simple three steps…

DSC (Digital Signature)

Applying for DSC (Digital Signature) of directors / Share Holders

Form Filling

Filling up all the necessary forms and attaching required documents

Uploading Documents

Application for Certificate of Incorporation by submitting Final Documentations

Timeline for Farmer Producer Company Registration in India

It takes 15 to 20 working days (approx.) to complete Private Limited Company Registration procedure. Timeline may vary depending on replies from ROC department.

What you get by Farmer Producer Company Registration through Zebotax

  • DSC (Class 3) of ten Directors/Share Holders
  • DIN (Directors Identification Number) of five directors
  • Drafting of AOA (Articles of Association) & MOA (Memorandum of Association)
  • Reply to queries raised by ROC department
  • Onetime Payment of Government Stamp Duty (SPICE form)
  • Certificate of Incorporation
  • Onetime company PAN & TAN application
  • Free Profession Tax, PF/ESIC Registration application, Bank Account opening application of company (at the time of company registration procedure only)
  • ISO certified Zebotax Pvt Ltd Team
  • Tax Consultation for Free
  • Rs. 4,999/- Only

(Professional Fees)

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Frequently Asked Questions

Advantages of Producer Company

Separate Legal Entity : Once an entity is registered it is born in the eyes of law which means it is separate from its owners, Directors, Managers, shareholders and employees etc. It can operate simply by its bank account and also provides the right to file case against third parties in case of wrongful act.

Limited Liability : The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore, they cannot be held personally liable for the debt and obligations of the Company. Therefore, the liability of the members is limited to the amount, if any unpaid on shares.

Beneficial for Members : Initially every member can only receive the value of the produce as decided by the Board. The withheld price may be disbursed after some time in form of cash or by allotment of equity shares. Limited return is provided to the Members but can also be allotted the bonus shares. The surplus can also be disbursed as patronage bonus.

Special User Rights : Active members of the producer company are provided the special user rights, if so authorized by the Articles of Association of the company. It is the right relating to the supply of additional produce by the active members of the Company for which appropriate instruments are issued to active members in respect of such rights.

What are the Annual Statutory Compliance requirements to be complied by a Producer Company?
  • The First Annual General Meeting shall be conducted within 90 days from the date of incorporation.
  • The Registrar may permit extension of the time for holding Annual General Meeting (not being the first annual general meeting) by a period not exceeding 3 months.
  • The Producer Company shall in each year hold an Annual General Meeting and not more than 15 months shall elapse between the date of one Annual General Meeting to the next.
  • The proceedings of every Annual General Meeting along with Directors’ Report, the audited Balance Sheet and Profit & Loss Account shall be filed with the Registrar within 60 days of AGM.
Difference Between Producer Company and Co-Operative Society
S. No.BasisProducer CompanyCo-operative Society
1.Registration underCompanies ActCooperative Societies Act
2.MembershipOnly producers and their agenciesOpen to any individual or co-operative
3.Area of operationThroughout IndiaRestricted
4.SharesTradable within membership onlyNot tradeable
5.Member stakesArticles of association can provide for linking shares and delivery rightsNo linkage with no. of shares held
6.Voting rightsOnly one member one vote and non-producer can’t voteOne person one vote but  government have veto power
7.ReservesMandatory to create reservesCan be created if made profit
8.Disclosure and audit requirementsVery strict as per the Companies ActAnnual report to regulator
9.Borrowing powerMany options availableRestricted
10.Dispute settlementThrough Arbitration or in accordance with Companies ActThrough co-operative system

 

BUSINESS REGISTRATIONS

  • LLP (Limited Liability Partnership)
  • OPC (One Person Company)
  • Section 8 Company
  • Farmer Producer Company
  • Nidhi Company

OTHER REGISTRATIONS

  • Trademark Registration
  • GST Registration
  • Profession Tax Registration
  • ISO Registration
  • PF & ESIC Registration

CERTIFICATIONS & OTHERS

  • Digital Signature (DSC)
  • Startup Registration
  • Shop Act License
  • Food License
  • Import Export License (IE Code)

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