Farmer Producer Company Registration in India

What is a Producer Company?

A Producer is any person engaged in any close-knit or related activity to the primary producers. A Producer Company is thus an umbrella term that includes all of the following.

Producing, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting the primary producers of the members, or the imports of goods or services.

Producer Company Aims at

The producer company primarily deals with the production of its active members. It is allowed to carry on any of the following activities by itself or through other entities on behalf of the members.

• Processing includes preserving, drying, distilling, brewing, vinting, canning, and packaging its members’ produce.
• Manufacture, sale, or supply of machinery, equipment, or consumables mainly to its members
• Provide education to the mutual assistance principle to its members and others
• Render technical services, consultancy services, training, research and development, and all other activities to promote its members’ interests.
• Activities for the promotion of the interest of its members
• Generating, transmitting, and distributing power, revitalizing land and water resources, using conservation and communication, are relatable to primary produce.
• Insurance of producers or their primary produce
• Promoting techniques of mutuality and mutual assistance
• Welfare measures or facilities for the benefit of members as decided by the board
• Any other activity, ancillary or identical to any of the actions which promote the principles of mutual assistance among the members in any different manner
• Financing of procurement, processing, marketing, or other activities which include extending of the credit facilities or any other financial services to its members.

Producer Company FAQ’s

1. How many people are required to register a Producer Company?

A minimum of 10 people are required to register a producer company in India.

2. What are the documents required for registration?

Identity proof and address proof is mandatory for all the proposed Directors of the Producer Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

3. How long it will take to incorporate a producer company?

IndiaBizFiling.com can incorporate a Producer Company for in 20-30 days. The time taken for registration will depend on the submission of relevant documents by the client and the speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

4. How long is the registration of the company valid?

Once a Company is incorporated, it will be active and in existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and may be struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.

5. What is a Digital Signature Certificate?

A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Producer Company.

6. What is Director Identification Number?

Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

7. What are the requirements to be a Director?

The Director needs to be over 18 years of age and must be a natural person. The Director must be involved in farming activities.

8. Is an office required for starting a Producer company?

An address in India where the registered office of the Company will be situated is required. The premises can be commercial/agricultural/residential where communication from the MCA will be received.