Producer Company

Producer Company is made up of more than 10 people or more than 2 agencies dealing with produce or post-harvest processing activities. Thus, a producer company is a legally recognized group of farmers / farmers who aim to improve their income, available support and profitability, and living standards.

1. Including processing, storage, drying, brewing, distillation, painting, canning, packaging products
2. Construct or sale of tools / machines.
3. Provide education to members and others on the principle of mutual aid.
4. Provide technical services, consulting services, training, R & D and all other activities to promote the interests of members.
5. Energy creation, spread, allocation, renewal of land and water resources, their use, protection, and communications related to key products.

Step 1: Obtain a digital signature certificate (DSC) and director identification number (DIN) from all directors using a self-assessed copy of the document, such as PAN, Aadhaar card, contact details, etc.

Step 2: Provide the name of the proposed company on FORM-1A, along with the state’s RoC and the prescribed rates.

When a name becomes accessible, the ROC reports on the accessibility of the name.

Step 3: Draft necessary documents such as MoA, incorporate the purpose of the company and the amount of registered capital, and include the company law in the AoA.

Step 4: Submit other papers, including a Form 1 statutory declaration declaring performance with all incidental matters related to the organization of the company.

• Affidavit signed by the proposed company subscriber.
• Principal agreement, utility bill, NOC required.

Step 5: A certificate is subject, after which the company becomes a business entity as if it were a private limited company. Under no conditions can you become a company.

• Each production company has a minimum of 5 directors and a maximum of 15 directors.
• The election of directors will be made within 90 days after registration of the company.
• Directors are selected or elected by members at the Annual General Meeting (AGM).
• Each appointed director keep a position for a minimum of one year to a maximum of five years, as specific in the applicable article.

• The production company enjoys an independent legal entity and offers limited liability and permanent facilities.
• Producer companies offer higher reliability than unregistered farmers / farmer organizations.
• Changes in the producer company’s board of directors can be made quickly by submitting some simple forms to the corresponding ROC.
• Only properly registered producer companies have the right to sell or own real estate under their own name.