Producer Company

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Overview

A producer company, a corporate structure focused on agriculture and related sectors, unites at least ten individuals or two organizations involved in primary production like farming, apiculture, fishing, or rural crafts. Its core aim is to boost member earnings and welfare through improved farming methods, affordable input sourcing, and efficient sales. Members possess voting rights and influence decisions, while the company offers limited liability.

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Minimum Requirements

New & Unique Name

It is of the utmost importance to select a distinct and unique Name for the company

Minimum 5 Directors

The producer company must have at least five directors & at least two-thirds of the directors should be members of the company.

Minimum 10 Members

A minimum of ten individuals or two institutions or a combination of both is required to form a producer company.

Primary Production Activities

The members of the producer company must be engaged in primary production activities such as farming, agriculture or any other activities related to primary produce.

Capital Requirement

There is no specific minimum capital requirement for a producer company. The capital should be sufficient to carry out the activities and operations of the company effectively.

Documents Required

Required in Soft Copy Only

Documents of Directors

PAN & AadharCard
Other ID Proof Driving License, Voter Id or Passport
Address Proof Bank Statement or Utility Bills - [E.g.- Electricity Bill / Water Bill / Property Tax]
Colour Photo
Email id and Mobile Number

Soft Copy Only

Business Address Proof

Address Proof (owned) Electricity Bill / Water Bill / Property Tax/Driving License]
Address Proof (Rented) NOC/ Rent Agreeement
Address Proof of Business Owned Electricity Bill / Water Bill / Property Tax/Driving License]
Address Proof of Business Rented NOC/ Rent Agreeement

Advantages

Separate Legal Entity

A Producer Company functions as a standalone legal body, distinct from its members, and can therefore hold property and enter into contracts by itself.

Limited liability of Members

In a Producer Company, members are liable only to the extent of their investment, ensuring their personal assets remain secure even if the company faces financial obligations or losses

Collective Strength

Producer companies bring together small-scale farmers, rural producers, and artisans, allowing them to combine their efforts and resources to access shared opportunities, services, and support systems.

Access to Finance and Credit

Producer companies help their members tap into funding options and credit services that might otherwise be difficult to obtain individually.

Government Support and Incentives

Governments, including that of India, often extend special assistance to producer companies through subsidies, infrastructure grants, and a range of development programs aimed at boosting rural enterprise and agricultural productivity

Shared Knowledge and Resources

Producer companies serve as a collaborative space where members exchange insights, learn from each other’s experiences, and make collective use of available resources.

Your Takeouts

DIN for 2 Directors

DSC for 2 Directors

Certificate of Incorporation (CIN)

Memorandum of Association and Article of Association

E- PAN of Company

E- TAN of Company

Professional Tax Registration ( In Maharasthra )

GST Registration ( If required seperately chargeble )

Shop and Establishment Registration

Compliances

Transparency, accountability, and protecting stakeholder interests all start with timely compliance. Our team ensures your regulatory filings are handled smoothly and efficiently. These compliance obligations typically fall into four key categories. Want to stay ahead and compliant? Reach out to our expert startup consultants for tailored guidance.

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One Time Compliances

Post-incorporation, companies are required to complete certain one-time formalities such as appointing the first statutory auditor, filing a declaration to commence business, and issuing share certificates to shareholders

Event Based Compliances

Change of Directors, Change of regd. Address,Allotment of shares etc

Regular Compliance

Accounting , Tax Filing , Maintenance of records and registers etc

Annual Compliance

ROC Annual filing, Audit of financial statement, ITR filing etc