Producer Company Registration
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The producer company facilitates the formation of co-operatives as companies and support the co-operatives to convert into companies. We help to incorporate the producer company in India.
Producer Company : an overview
The concept of farmer Producer Company seeks to foster the betterment of financially aggrieved farmers in India through synergy and collective efforts. Such entities seek to operate in line with the underlying objects, which typically revolve around the mutual financial growth of the member. As such, Farmer Company has no intention to serve the public domain in any way. A Producer Company is an umbrella term that includes Producing, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting the primary producers of the members, or the imports of goods or services.
Types of Producer Companies:
Production Businesses
Production, Procurement, manufacture of its members and others’ primary producer is the producer companies’ primary function.
Marketing Businesses
A business involved in the marketing or promoting the primary produce or provision of education services to members and others can also constitute itself as a Producer company.
Technical Service
Any business that offers technical assistance to the producers, Provides training and educational services, or conducting research and development can register as a Producer in India.
Finance Business
A business financing producing activities, be it production, or marketing, or development, it can register itself as a producer company.
Infrastructure business
The business involved in providing infrastructure to the producers, whether in the form of electricity, water resources, irrigation techniques, or consultation regarding the same, may also incorporate themself as a Producer company.
Checklist for Producer Company Registration
Pre-incorporation legalities for incorporation:
Inter-state co-operative society functioning as a producer farmer company may have more than 15 Directors for one year from the incorporation date of a producer company.
Stepwise Process to Register a producer company
Documents Required for Registering a Producer Company
The application for the registration of a Producer Company must be accompanied by the scanned copies of the documents prescribed under the Companies Act, 2013. These documents can be categorized into the documents of the members, documents of the company, and the documents of the premises where the business is being carried out. An elaborate list of such documents have been mentioned in the table below: