in just 20,500/- (inclusive of all taxes & fees)
Keynotes on Producer Company Registration
Lowest fees across India
It takes 20 to 25 days for Producer Company Registration
Minimum capital to start Rs. 5,00,000/-
Instant access to Producer Software & Compliances
A producer company is a legal entity registered under Company Act,2013. Produce includes the products yield through farming. A Producer company can follow the objectives of the business under production, harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary produce of the Members or import of goods or services for their benefit.
The Producer company is a separate legal Entity which can be formed by ten or more individuals or two or more institutions dealing with agricultural production or post-harvesting processes. The main advantage of a producer company is it enjoys a separate legal entity and offers a limited liability and perpetuity. It also offers greater creditability than an unregistered organization of farmers. The Producer company also if fully entitled to accept deposits from or give loans to its agricultural members. We are providing services all over India thats Delhi, Kolkata, Up, Uttarpradesh, Agra, Uttarakhand, Punjab, Rajasthan, Himachal Pradesh, Lucknow, Rajasthan, Jaipur, Varanasi, Haryana, Udaipur, Jodhpur, Jharkhand, Assam, Gujarat, Vadodara, Noida, Jaipur, Chhattisgarh, Dehradun, Haryana and Kerala.
One Click can register a producer company within 30 days, depending upon the ROC processing.
The Producer Company consist of individuals who are primary producers, and thus, are in need of financial support from time to time. Hence, a special provision under the companies acts 1956 was passed for giving loans to producer members. A Producer Company can provide financial assistance to its members through : -
CREDIT FACILITY :
This facility is available to any member for a period not exceeding six months (such facility must be in connection with the business of the Company).
LOANS AND ADVANCES :
These are provided to the producer member against security, repayable within a period not exceeding seven years from the date of disbursement of such loans or advances.
NABARD LOAN :
NABARD provides support and financial assistance to meet the needs of Producer Companies. In 2011, NABARD set up a Rs. 50 crore Producer Organisation Development Fund (PODF), out of its operating surplus.
A Farmer Producer Company is a hybrid between cooperative societies and private limited companies. The objective of the concept of FPC is to organize farmers into a collective to improve their bargaining strength in the market.
(A) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit.
(B) Processing including preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its Members
(C) Manufacture, sale or supply of machinery, equipment or consumables mainly to its Members
(D) Providing education on the mutual assistance principles to its Members and others
(E) Rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its Members
(F) Generation, transmission and distribution of power, revitalisation of land and water resources, their use, conservation and communications relatable to primary produce
(G) Insurance of producers or their primary produce
(H) Promoting techniques of mutuality and mutual assistance
(I) Welfare measures or facilities for the benefit of Members as may be decided by the Board
Any ten or more individuals, each of them being a producer or any two or more Producer institutions, or a combination of ten or more individuals and Producer institutions, desirous of forming a Producer Company having its objects specified in section 581B and otherwise complying with the requirements of this Part and the provisions of this Act in respect of registration, may form an incorporated Company as a Producer Company under this Act.
If the Registrar is satisfied that all the requirements of this Act have been complied with in respect of registration and matters precedent and incidental thereto, he shall, within thirty days of the receipt of the documents required for registration, register the memorandum, the articles and other documents, if any, and issue a certificate of incorporation under this Act.
A Producer Company so formed shall have the liability of itsMembers limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them and be termed a company limited by shares.
The Producer Company may reimburse to its promoters all other direct costs associated with the promotion and registration of the company including registration, legal fees, printing of a memorandum and articles and the payment thereof shall be subject to the approval at its first general meeting of the Members.
Every Member shall initially receive only such value for the produce or products pooled and supplied as the Board of Producer Company may determine, and the withheld price may be disbursed later in cash or in kind or by allotment of equity shares, in proportion to the produce supplied to the Producer Company during the financial year to such extent and in such manner and subject to such conditions as may be decided by the Board.
Every Member shall, on the share capital contributed, receive only a limited return Provided that every such Member may be allotted bonus shares in accordance with the provisions contained in section 581ZJ.
The surplus if any, remaining after making provision for payment of limited return and reserves referred to in section 581ZI, may be disbursed as patronage bonus, amongst the Members, in proportion to their participation in the business of the Producer Company, either in cash or by way of allotment of equityshares, or both, as may be decided by the Members at the general meeting.