Producer Company Registration

Producer Company Process

Step 1
Prepare documentation
Step 2
Fill the application form
Step 3
Submit the
application form
Step 4
Wait for processing
Step 5
Process complete

Webstar Services is the leading provider of producer company registration services in India. We understand the importance of producer companies and the role they play in the Indian economy. We also understand that the registration process can be quite complicated and time consuming. To make it easier for our clients, we provide a comprehensive package of producer company registration services that make it easy for them to get their producer company registered quickly and without any hassles.

Points to be noted for opening any Producer Company

Before any producer company registration just keep the following points in mind.

1. Any farmer producer company must have at-least 5 directors and at-most 15 directors.
2. At-least any 10 individual farmers or 2 producer organisation can establish a farmer producer company without any upper limit of members.
3. It can't be a converted as a public limited company in future but it can't be converted as a "multi-state cooperative society" in future.

Documents required to registered any producer company

For farmer producer company registration the following documents are needed.

1. Address proof and identity poof of directors (AADHAR card/ Voter Card/Driving Licence/Bank statement for address verification)
2. PAN card or passport of directors
3. Passport size photo of directors.
4. Registered office address proof (Telephone bill, Electricity Bill)
5. For rented office rent agreement and NOC from owner is required.
6. If the office is the own property of the director then property papers is required.

Steps for Farmer Producer Company Registration

• Applying for Digital Signature Certificate (DSC)

The first step in farmer-producer company online registration is applying for a digital signature certificate (DSC) for at least five directors. A few documents need to be submitted online for that. It will only take a few working days to get it. After getting the DSC, an organisation can apply for the Director Identification Number (DIN). The Dir-3 form will be filled out along with a self-attested copy of identity proof, address proof, and a passport-size photograph.

• Name Approval of Producer Company

After that, one needs to propose two unique names with the suffix "producer company" to ROC by filling out form SPICe+. First, one should check the name availability in the MCA portal before filling out SPICe+.

• Submitting the MOA and AOA

The next one needs to file the INC-32 form. For that, one needs to prepare the Memorandum of Association (MOA) and Articles of Association (AOA). In MOA, the business objectives and area of functioning must be there. AOA should possess all the laws of those respective companies. After preparing all those documents, one needs to submit them to the ROC. All the processes may take one week.

• Getting a Certificate of Incorporation

After validating all the forms and documents, ROC will issue the certificate of incorporation for the respective company. It will take only few business days to get the certificate of incorporation by mail. After getting all those documents, one can apply for company PAN and TAN (Tax Account Number) and also open a bank account in any nationalised or private bank.

Advantages of a Farmer-Producer Company

1. As a number of farmers collectively manage their products in these types of organisation there is a lesser risk of loss.
2. All the farmers can sell their products globally with a justified profit.
3. Farmer producer companies have a separate legal entity i.e death of any member would not affect the companies' functionality.
4. Under the Income Tax Act 1961 section 10(1) certain tax benefits and exemption will be provided to these kinds of agricultural organisation.
5. It will demolish the middleman concepts and gives more opportunity for getting better profit.

Why choosing us?

We not only register your business we help your business to grow.

  • Webstar Services is a platform that provides services related to the registration of producer companies.
  • We offer assistance in setting up a producer company with step-by-step guidance on the entire registration process, from the preparation of the necessary documents to filing for registration with the registrar of companies.
  • We have a team of experienced professional CAs and CSs who will help you and guide you through every legal step.
  • We also guide for farmer producer company online registration.
  • 24X7 support.
  • easy payment options.
  • Affordable rate.

So, if you are looking for a reliable and experienced provider of producer company registration online services, then look no further than Webstar Services. We are here to provide you with the best possible service and make the process of registering your producer company as easy and hassle-free as possible.

FAQ

  • 01. Who can be a member of the producer company?

    Any person even the director or any primary producer can be a member of these types of companies. Anyone who is other than the director who can be appointed as a member with a constraint that he or she should not be engage with any competitor's company of the respective company.

  • 02. What would be the minimum capital required to open any producer company?

    Minimum Rs 5,00,000 is required as a capital to open any producer company.

  • 03. What is the period of time when one can hold the position of director in a producer company?

    Any person can hold the position of director for minimum one year and maximum five years. After that re-election will be done. A former director can also be re-elected by this process.

  • 04. What are the benefits of being a member in a farmer producer company?

    If anyone chooses to be a member in any farmer producer company one can hold shares of a company. They can also get non-banking financial services like taking loan, opening savings a/c, taking daily deposit, fixed deposit, MIS from these types of organisation. The loan ROI is also very attractive here.

  • 05. How many days it will take to register any farmer producer company?

    The whole process will take maximum 25-30 business days for producer company registration online. It will solely depend on the workload of ROC.