Producer Company
A producer company is a legal entity with the objectives or activities set forth in the Act. It consists of a group of people who are involved in the production of primary produce or who have one or more primary produce-related goals. You can designate agriculturist members in a producer business, take deposits in the form of RD/FD, and supply them with maturity, as well as distribute loans to your farmer members and charge them interest.
Types of Producer Company
1. Production Businesses
The basic job of producer businesses is to produce, procure, and manufacture their members’ and others’ primary producers
2. Marketing Businesses
A Producer company is one that engages in the marketing or promotion of primary products or the provision of education services to members and others.
3. Technical Service
In India, any company that provides producers with technical help, provides training and educational services, or conducts research and development can register as a producer.
4.Finance Business
A corporation that finances producing operations, such as production, marketing, or development, might register as a producer.
5.Infrastructure business
A producer firm is one that provides infrastructure to farmers, whether in the form of energy, water supplies, irrigation techniques, or advice on the same.
Document Required for Producer company registrations
- PAN Card or Passport scanned copy (Foreign Nationals & NRIs)
- A scanned copy of the voter’s identification card, or passport, or driver’s licence
- A scanned copy of your most recent bank statement, phone or mobile bill, electric or gas bill
- Photograph (passport size)
- Signature of a specimen (blank document with signature [directors only])
Advantages
1. Limitation of Liability
Because a production business is a separate legal entity, its members have limitless liability. The money invested in the company would be lost, but the property of the directors would be safe.
2.Improved Management
Producer businesses' labour is split among the directors rather than being managed by a single farmer. The Management Board, which has a five-year term, is in charge of the organisation.
A producer company has its own legal existence, which means it is unaffected by the death of any of its members.
OUR PRICING PLANS
Standard
₹ 14,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
Gold
₹ 16,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
Platinum
₹ 19,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
- Share certificate issue
- company commencement form filling