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. Consult with the best lawyer now 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. Get Legal Advice from Expert Lawyer
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.
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.
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.
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
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.
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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