Producer Company Registration Online

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Everything About Farmer Producer Company

Online Company Registration in India at just Rs. 20999/- + Govt. Fee

A Farmer producer company is a corporate body registered as a Producer Company under the Companies Act 1956 (As amended in 2002). It’s prominent for producing, harvesting, processing, grading, handling, marketing, selling, and exporting primary crops or importing goods or services functioned for profit. It also includes promoting mutual assistance, welfare measures, financial services, producers’ insurance, or their primary produce. Provisions to Section 465(1) of the Companies Act, 2013 states that provisions of Part IX-A of the Companies Act, 1956 shall be significant to a Company in a manner as if the Companies Act, 2013 has not been cancelled until a particular Act legislates for Producer Companies. Accordingly, Part IX of the Companies Act of 1956 would continue for producer companies.

Pre-registration requirements to set up a Producer Company

There should be at least 5 directors and 10 members to set up a Farmer Producer Company.
It must need minimum paid-up capital of Rs. 5,00,000 to form the Company as per the requirements.
The Company can have as many members as they want as there is no maximum limit of the members.
The Indian Producer Company can not be considered a public company.
The former Company can have equity share capital as per the rules.
There should be at least 4 board meetings yearly, and the maximum gap between two consecutive Board Meetings shall be 120 days.

Producer Company Registration Online Procedure

These are the following process of the producer company registration in India

1. Farmer Producer Company Formation

A Producer Company formed by ten or more individuals or by a combination of ten or more individuals as per the norms produced by organizations

2. The Farmer Producer Company must fulfil its objectives as specified in the Act

The Registrar, after pridefulness, will issue the Certificate of Incorporation (COI) within 30 days of receiving the essential documents.

3. Farmer Producer Company registration process

The producer company registration procedure is the same as that of the Private Limited Company (PLC).

4. Acquire Digital Signature Certificate (DSC) and Director’s Identification Number (DIN)

The foremost step is to obtain a Digital Signature Certificate (DSC) along with a Director’s identification number (DIN) from all the Directors with self-attested copies of documents like PAN, Aadhaar card, and contact details.

5. File the proposed company

The following step is to file the proposed company name in FORM-1A with the particular state’s ROC and the prescribed charge of the procedure. Once the name is available, the ROC informs about the availability of the company’s name.

6. Draft the necessary documents

After the ROC abide, you must draft the required documents like the Memorandum of Association (MOA) to incorporate the company’s articles and enlist the amount of share capital, along with Articles of Association (AOA) to contain the by-laws of the Company.

Company Registration Procedure

More simple than it looks!

1. Farmer Producer Company Formation

A Producer Company must be formed by: 10 or more individuals, each of them being Producers as per the standards; or by 2 or more Producer organization; or by a combination of 10 or more individuals and Producer institutions

2. The Farmer Producer Company must fulfil its objects as specified in the Act

The Registrar, after satisfaction, will issue the Certificate of Incorporation within 30 days of receiving the necessary documents

3. Farmer Producer Company registration process

The method of a Producer Company registration is almost similar to that of a Private Limited Company

4. Acquire Digital Signature Certificate (DSC) and Director's Identification Number ( DIN )

The first step and foremost step is to obtain Digital Signature Certificate along with Directors identification number (DIN) from all the Directors with self-attested copies of documents like PAN, Aadhaar card, and contact details

5. File the proposed Company

The next step is to file the proposed company name in FORM-1A with the particular state's ROC along with the prescribed fee of the process. Once, the name is available, the ROC informs about the availability of the name of the Company

6. Draft the necessary documents

After the ROC nod, you need to draft the necessary documents like MOA to incorporate the articles of the Company and the amount of share capital to be registered, AOA to contain the by-laws of the Company

Documents required for Producer Company Registration in India:

Identification proof (PAN Card/ Passport) of all the directors and shareholders.
Passport of all the directors and shareholders.
Passport-sized photographs of all the directors and shareholders.
Copy of any Utility bill as residential proof.
In the case of rented property, a scanned copy of the Rent agreement and NOC from the owner.
In the case of owned Property, a copy of Property Papers.

Benefits of farmer producer company online registration

More simple than it looks!

Limited Liability

All enterprises can run the risk of being unable to reimburse their liabilities. An individual producer would be liable for all the enterprise’s debts. The producer company’s members have limited liability. Therefore, we would lose only the amount invested in the company, and the directors’ personal property would be safe.

Economies Of Scale

Only a few Indian farmers own over two acres of land. Therefore, most farmers need assistance to safely unlock the advantages of economies of scale. With a producer company, multiple farmers can work collectively and lower costs, reduce risk, and even access better credit facilities. It enables better planning and bargaining power with buyers.

Better Management

A single farmer can manage the entire enterprise and work within a producer company and divide it between its directors. The Board of Management governs the entity, which has a tenure of five years. Also, a producer company has a separate legal existence, which means that it does not affect by the demise of any of its members.

Increase the bargaining ability of farmers

By coming together and pooling their resources, farmers in a Farmer Producer Company can negotiate better prices for their products with consumers.

Help to reduce wastage and losses

By toiling together, producer companies can process and transport their produce, diminishing wastage and ensuring that farmers get a reasonable product price.

Enhance access to credit

By forming a legal entity, farmer-producer companies can access government schemes and loans, which they can utilize to fund infrastructure and other resources.

Furnish a platform for knowledge sharing

Farmers can learn from each other’s experiences through farmer-producer companies and access the latest technologies and best practices.

Equip smallholder farmers with a voice

In an increasingly packed marketplace, they must have a robust voice in the decision-making processes affecting them.

Assist in Address Climate Change Challenges

By supplying financial & services support systems to mobilize private assets towards climate-resilient agriculture & forestry projects.

FAQ's

Few doubts important to be resolved quickly

1. Is a Producer Company a Private or a Public Company?

The producer companies are public companies under the name of the producer company. Still, on the contrary, the Companies Act, 1956, section 581C, signifies that a producer company cannot be deemed a public company and shall become a corporate similar to a private company.

2. Who can form a producer company?

There are two conditions for forming a producer company. Any ten individual producers can merge to form a producer company, or two or more producer companies can together form a producer company. On the other side, if we talk about the members’ maximum limit, there is no maximum limit for the members to join a producer company.

3. What is Producer Company Registration?

A corporate body registered with the MCA portal for agricultural production & processing undertakings is known as a Producer Company. The formation accomplishes by a minimum of ten people and two associations.

4. What are Producer Company registration online fees?

The Producer Company registration online cost is around Rs. 27,000. Lawgicalindia Business Developers can assist you in registering your own producer company.

5. What time does it take for your farmer producer company registration process?

It does take time for the farmer producer company online registration process. Every step takes time to be verified and proceed to the next stage. At Lawgicalindia Business Developers, we complete your farmer producer company registration process within 10 to 15 days of working.

5. What are the benefits of the Producer company?

There are numerous benefits of a producer company:-

Separate Legal Entity
Uninterrupted Existence
Better Credibility
Easy Management
Owning Property
Limited Liability

7. From where to register for a producer company?

There have numerous ways for a producer company registration online, as many platforms offer this service. Lawgicalindia is one such place to register your Company within less time and your budget.

8. What is the Minimum Capital Required to form a Producer Company?

The company requires a minimum of ₹5,00,000 as capital to incorporate a producer company.

Producer Company Registration

More simple than it looks!

GOLD

~~^₹ 40000/-~~

^₹ 20999/- + Govt. Fees

Registration within 15 days
Authorised Capital upto 15 lacs*
5 DIN & 10 DSC
Certificate of Incorporation
MOA, AOA, PAN, TAN, ESIC
GST Registration
Udyam Registration
Professional Website
1 year Domain & Hosting
Basic On-Page SEO
Google Analytics & Web mails
Iso 9001:2015
Commencement Certificate
Trademark Registration
NGO Darpan Registration
Auditor Appointment
ITRs of All Directors & Company
Audit & Annual Compliances

Popular

PLATINUM

~~^₹ 56000/-~~

^₹ 30999/- + Govt. Fees

Registration within 15 days
Authorised Capital upto 15 lacs*
5 DIN & 10 DSC
Certificate Of Incorporation
MOA, AOA, PAN, TAN, ESIC
Udhyam Registration
GST Registration
Professional Website
Website Support for 1 year
1 year Domain & Hosting
Basic On-page SEO
Google Analytics & Web mails
Iso 9001:2015
Commencement Certificate
Trademark Registration
Auditor Appointment
ITRs of All Directors & Company
Audit & Annual Compliances

DIAMOND

~~^₹ 89999/-~~

^₹ 48999/- + Govt. Fees

Registration within 15 days
Authorised Capital upto 15 lacs*
MOA, AOA, Pan, Tan, e-copy
2 DIN & DSC
Certificate of Incorporation e-copy
Professional Website
1 year Domain & Hosting
Basic On-Page SEO
Google Analytics & Web mails
GST Registration
Udyam Registration
Iso 9001:2015
Trademark Registration
Appointment of Auditor
Commencement Certificate
Audit & Annual Compliances
ITR of Company

Testimonial

Lawgical India made our producer company registration a breeze. Their team was incredibly knowledgeable and efficient, ensuring that the process was as seamless as possible. The team even took time to understand our specific needs and requirements, and provided us with proper registration for our producer company in a short span of time.

Lokprakash Sreedhar

Thanks to Lawgical India, our farmer producer company registration was completed and we are now fully compliant with all necessary regulations. Not being from a legal background, my partners and I couldn’t have accomplished this without their help. Thank you so much!

Vasudev Tendulkar

As a new food startup, the thought of navigating the farmer producer company registration process was overwhelming to say the least. However, Lawgical India helped make it easy for us. We were extremely impressed by their level of professionalism and dedication to helping our company.

Kashiprasad Jadeja

Getting our farmer producer company online registration was getting a hassle and causing downtime for our other firm. Then we found Lawgical India and their expertise and attention to detail ensured that everything was completed correctly the first time.

Ronak Sharma

Completing your producer company registration in India isn’t an easy process, even for a veteran of the food industry. However, Lawgical India has helped make it a breeze. We greatly recommend their services to all aspiring business owners.

Lakshman Kumar