Producer Company

Get Started – From Rs. 66,000/-

Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.

A Producer Company is a group of people involved in the production of primary produce or having one or more goals relating to primary produce. In a producer company, one can make agriculturist members and accept deposits in form of FD/RD and provide them maturity as well as distribute loans to the farmer members and charge interest from them. A group of ten or more people or two or more producer institutions or a combination of ten or more individuals and producer institutions can register as a Producer Company on the condition that:

• Only Equity Share Capital is permitted.
• Minimum paid-up capital should be Rs. 5 Lakhs.
• Minimum ten individuals or two producer institutions or any combination of ten individuals and producer institutions
• Minimum five directors are necessary.

Startup Process Time:

AuditNeeds can incorporate a Producer Company in any part of India in 20 to 30 working days, subject to ROC processing time and timely submission of relevant documents by the Client.