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    A Producer Company is a company registered with the object of agriculture production, post-harvesting processing activities, procurement, selling and distribution, the export of primary production of the members or import of goods for their benefit. The main object of the Producer Company is to deal with agricultural activities and post-harvest processing activities.


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    A Producer Company was instituted in India with the Companies Act, 2013. It gives persons engaged in activities related to producing (what has been grown or produced, particularly by farming) the opportunity to form a company. A producer company can be set-up 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. It is mainly a cluster of farmers who come together to improve their income and standard of living. Producer Company is a kind of body corporate whose main objective is defined under Section 581B of the Companies Act 1956.


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    To Obtain Producer Company

    • Obtain DSC (Digital Signature Certificate)

      • The first step is to obtain DSC for all the proposed directors in a company. DSC is required to sign the documents electronically. It is issued by the certifying authority.

    • Obtain DIN (Director Identification Number)

      • The next step is to obtain DIN (Director Identification Number) by all the proposed directors in a company. Now DIN can be obtained directly through SPICE Form and there is no need to file a separate form.

    • Name Approval Application

      • For registering the Producer Company name, an application is filed with the prescribed fee in RUN (Reserve Unique Name) form with the registrar of companies. On application, ROC verifies the name availability. After the approval of the Producer Company name, an incorporation application is filed within 20 days.

    • Incorporation Application

      • After obtaining name approval, an incorporation application is filed in SPICE form along with the necessary documents such as MOA, AOA, affidavit, and declaration with the concerned Registrar of Companies. After verification of the incorporation form, Certificate of Incorporation is issued by the ROC

    Estimate Time Required

    It takes around 35 to 40 days to complete the entire procedure. This will, however, depend on whether all papers in order and the workload of the RoC.

    Documents Required for Producer Company Registration

    From All Directors And Shareholder
    1. PAN Card or Passport or Election ID Card
    2. Latest Bank Statement/Telephone or Mobile Bill
    3. Voter's ID/Passport/Driver's License
    4. Passport-sized photo of all directors and shareholders

    For Proposed Registered Office (Residential Or Commercial)
    1. Copy of any Utility bill
    2. Scan copy of Rent agreement with NOC from the owner
    3. In case of owned Property then copy of Property Papers.

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    FAQ

    A Producer Company is a company registered with the object of agriculture production, post-harvesting processing activities, procurement, selling and distribution, the export of primary production of the members or import of goods for their benefit.
    Following are the minimum requirements to obtain registration as a producer company: 1) The main object of the company must be too as provided in Section 581B of Companies Act, 1956 2) Minimum 10 individuals (who are a producer) or at least 2 producer institutes must subscribe to the shares of the company 3) Minimum 5 directors in the company, one of which must be Indian citizen and resident 4) The registered office of the company must be located in India
    The Companies Act defines Producer as any person engaged in any activity connected with or relatable to any primary produce (Produce: “things that have been produced or grown, especially by farming”). A Producer Company is thus a body corporate having an objective that is one or all of the following: production, harvesting, grading, procurement, pooling, handling, marketing, selling, the export of primary produce of the Members or import of goods or services for their benefit.
    In India, more than 80% of farmers are small and marginal farmers with less than 2 hectares land holdings which leads to disorganization. This is the reason Indian farmers are not able to opt for the latest technologies. However, economies of scale can be achieved through producer company registration. Farmer Producer company registration will help in improving the livelihood of farmers by organizing the farmers. By the creation of the clusters of the farmers in the form of Farmer Producer Company will help in empowering farmers in India.
    There are 3 types of companies that can be incorporated under the Act: 1. A producer company is a hybrid between a private limited company and a cooperative society. 2. It combines the goodness of a cooperative enterprise and the vibrancy and efficiency of a company. 3. It accommodates the unique elements of cooperative business with a regulatory framework similar to that of a private limited company

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