Producer Company
Producer Company

Dir Documents:

Pan
Aaadhar
Voter/Driving License/Passport
Bank Statement/Passbook/Telephone Bill/Any Utility Bill
Photo

Other Documents:

Electricity Bill / Property Tax
Rental Agreement
NOC

Includes:DSC, DIN, Name Reservation, MoA, AoA, Incorporation, Stamp Duty, PAN, TAN, GST Registration, EPFO Registration, ESIC, Bank Account Opening, Gov. Fee, Processing Fee.
Duration: 14 Working Days
Working Area: Pan India

Producer Company Registration

Producer Company registration is a company registered under the Companies Act, 2013, which includes the purpose of manufacturing, harvesting, procurement, grading, pooling, managing, advertising, promoting, export of primary produce of their Members or import of products or services to their advantage. Produce are items which were produced or developed, particularly by farming. Thus, a Producer Company deals mostly with agriculture and post harvest processing actions.

More than 85 percent of those Farmers in India are small and marginal farmers with landholdings of less than two hectares. This fragmentation in farmers and farmlands results in disorganization and it isn’t feasible for Indian farmers to embrace the most recent technology. From the organization of those farmers to manufacturer businesses, economies of scale could be unlocked and the livelihood of farmers could be made better. Thus the idea of manufacturer business is geared toward enabling farmers by producing clusters of farmers arranged as a Producer Company registration.-kanoons.

CLICK HERE FOR GST REGISTRATION AT KANOONS

Regular Price
Offer
Incl. GST
GST Credit
You Save
Gov. Fee

: ₹70000
₹45499
: ₹53689
: ₹8190
: ₹24501
: Included

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Activities of Farmer Producer Company

Producer Companies are hooked up with diverse objectives aimed toward improving their participants’ welfare and monetary fame.

  1. Agricultural Advancements: Initiating and assisting activities related to the production, harvesting, procurement, grading, pooling, managing, marketing, promoting, and exporting of members’ number one produce. Additionally, it includes uploading goods or offerings beneficial to the members.
  2. Processing and Preservation: Engaging in processing activities inclusive of protection, drying, distilling, brewing, venting, canning, and packaging of the contributors’ produce to feature price and make bigger its marketability.
  3. Equipment and Consumables Supply: Manufacturing, advertising and marketing, or imparting machinery, system, and consumables, in general catering to the wishes of its contributors.
  4. Educational Initiatives: Offering education and training primarily based at the standards of mutual help to its individuals and the broader community.
  5. Technical and Consultancy Services: Providing a spectrum of services, such as technical help, consultancy, education, research and improvement, aimed at selling the hobbies and enhancing the competencies of its individuals.
  6. Energy and Resource Management: Involving in electricity generation, transmission, distribution and revitalisation and sustainable management of land and water sources.
  7. Insurance Services: Offering coverage products tailored to defend manufacturers or their number one produce.
  8. Mutual Cooperation: Promoting strategies and practices of mutuality and mutual assistance amongst individuals.
  9. Member Welfare: Implementing welfare measures or facilities decided with the aid of the Board for the benefit of individuals.
  10. Ancillary Activities: Engaging in another activity that is ancillary or incidental to the number one targets or which could sell the ideas of mutuality and mutual help among participants in extraordinary manners.
  11. Financial Support: Financing the procurement, processing, marketing, and different detailed sports, which includes extending credit score centers or different financial services to its members.

Advantages of a Producer Company

The advantages of starting a Producer Company are listed as follows:

  1. Hybrid Structure: A Producer Company combines the expert management of a Private Limited Company with the mutual advantages of a Cooperative Society.
  2. Ownership by using Primary Producers: Ownership and club are held completely by way of “number one producers” or “Producer Institutions,” making sure that the agency stays focused on reaping benefits the ones worried in number one manufacturing. Member equity can not be traded, safeguarding towards takeovers or exploitation.
  3. Professional Framework: While adhering to the clauses of a Private Limited Company, a Producer Company operates under specific clauses mentioned within the Producer Company Act (referenced from 581-A to 581-ZL), supplying a expert framework tailor-made to the needs of primary producers.
  4. Limited Liability: In a Producer Company, individuals’ monetary obligation is capped at their proportion contribution. This means that participants’ belongings are safeguarded towards the corporation’s debts or monetary setbacks, proscribing their legal responsibility strictly to the quantity they have invested in shares.
  5. Minimal Capital Requirement: With a minimal paid-up capital of Rs. 1 Lakh and minimum permitted capital of Rs. 5 lakh, it’s far less complicated to mobilise small capital for a Producer Company.
  6. Flexibility in Membership: A minimal of 10 manufacturers is required to form a Producer Company, and not using a restriction on the most quantity of contributors. This flexibility permits even small businesses of 10 people to set up a Producer Company, selling accessibility.
  7. No Government or Private Equity Stake: Producer Companies cannot have authorities or private fairness stakes, stopping them from turning into public or deemed public restrained agencies. This ensures autonomy and professional functioning without external threats.
  8. National Scope: Producer Companies can operate nationwide, offering flexibility to enlarge and behavior business freely and professionally.

Kanoons offers comprehensive help in acquiring Producer Company Registration, supplying professional help throughout the technique. With a devoted team of experts, Kanoons guarantees seamless quit-to-stop assist for incorporation, guiding you thru every step, from initial paperwork to final approval. Beyond the registration section, Kanoons gives various put up-incorporation offerings designed to help your Producer Company thrive and follow regulatory necessities, making it a one-forestall solution for all of your incorporation wishes.

Compliance for Producer Companies

Critical Aspects of Producer Company Operations are listed as follows:

  1. Audit and Reporting: Producer Companies ought to make sure rigorous monetary management, which includes annual audits and offering audited financials and reviews at the AGM, with mandatory filings to the Registrar of Companies.
  2. Conversion: Existing cooperative societies in primary manufacturing can transition into Producer Companies underneath the Companies Act 2013.
  3. Taxation: Producer Companies are concern to traditional company taxation but can also qualify for agricultural activity-associated tax benefits.
  4. Share Capital Requirements: A minimum of Rs. 5 lakhs permitted and Rs. 1 lakh paid-up percentage capital is required, with options to raise in addition capital in line with the Companies Act provisions.
  5. Operational Objective: The organization’s objectives must emphasise the production, managing, and advertising of contributors’ primary produce, along with import for member advantages.
  6. Leadership and Decision-making: Managed by using a member-elected board, ensuring decisions align with organisation and member pastimes.
  7. Profit Sharing: Dividends may be dispensed, capped at 20% of annual income, consistent with shareholdings.
  8. Operational Restrictions: Speculative activities unrelated to number one production are prohibited.
  9. Structural Flexibility: Conversion to a everyday agency is feasible under unique conditions.
  10. Dissolution/Winding-Up Procedures: Voluntary or NCLT-ordered completing follows general agency procedures.
  11. Voting Limitations: Voting via proxy is disallowed, focusing best on manufacturing-related resolutions.
  12. Regular Meetings: At least 4 board meetings yearly, adhering to quorum requirements.
  13. Financial Prudence: A statutory reserve from net profits is mandated until it suits the paid-up percentage capital exact for designated uses.
  14. Expertise Utilization: Option to lease expert managers with board and member approval.
  15. NABARD Registration: Registration with NABARD permits access to financial and technical guide for agricultural improvements.
  16. Operational Expansion: Branches for primary sports are accepted under principal management and Companies Act compliance.
  17. Annual Return: An annual go back detailing organization operations, membership, and monetary fitness must be filed with the Registrar of Companies.

Basic

₹70000

₹45499/-

  • 10 Digital Signatures (DSC) - Class 2*
  • 10 Designated Identification Number (DIN)
  • Name Approval*
  • Upto 10 Lakhs Authorized Capital *
  • Incorporation Fee
  • Stamp Duty *
  • Incorporation Certificate
  • PAN & TAN
  • Hard-copy Share Certificates
  • GST Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • One year TDS filing
  • Trademark Registration
Professional

₹80000

₹49499/-

  • 10 Digital Signatures (DSC) - Class 2*
  • 10 Designated Identification Number (DIN)
  • Name Approval*
  • Upto 10 Lakhs Authorized Capital *
  • Incorporation Fee
  • Stamp Duty *
  • Incorporation Certificate
  • PAN & TAN
  • Hard-copy Share Certificates
  • GST Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • One year TDS filing
  • Trademark Registration
Premium

₹100000

₹59499/-

  • 10 Digital Signatures (DSC) - Class 2*
  • 10 Designated Identification Number (DIN)
  • Name Approval*
  • Upto 10 Lakhs Authorized Capital *
  • Incorporation Fee
  • Stamp Duty *
  • Incorporation Certificate
  • PAN & TAN
  • Hard-copy Share Certificates
  • GST Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • One year TDS filing
  • Trademark Registration

*Account Opening: We just assist you in opening Current Account in one of our partner’s bank.

No Late Fee

It has been observed that numerous small businesses incur significant penalties every year for late filing of various statutory returns to the Government. These penalties are non-tax-deductible and can adversely affect the profitability of these enterprises. At Kanoons, our primary objective is to offer cost-effective services to our clients and assist them in avoiding any late fees. In line with our commitment, we have developed cutting-edge technology that enables businesses to stay ahead of compliance requirements and prevent any penalties. Explore our range of compliance services below to ensure smooth and hassle-free operations.

FAQ

What are the Types of Producer Companies?

Production Businesses

The key functions of manufacturer businesses are manufacturing, procurement or manufacture of any key produce for the members (for additional sale) and others.

Marketing Businesses

A company involved with the advertising or marketing of primary produce or supply of instructional services to members and many others may compose itself as a manufacturer firm.

Technical Service Businesses

Any company offering technical aid to manufacturers, providing educational and training services or conducting research and development may enroll as a manufacturer firm.

Financing Businesses

Any Company financing Manufacturer Actions, be it at the Creation, marketing or growth domain can register itself as a manufacturer business.

Infrastructure Businesses

Firms involved with supplying infrastructure to manufacturers, whether in the shape of power, water sources, irrigation methods, property usage, or consultation in terms of the same, can constitute themselves as a manufacturer firm. -kanoons.

Do I need to be physically present during this process?

This is not required. The full process is now automated and managed online. You’ll Receive the DIN amounts and Certification of Incorporation by email from the Ministry of Corporate Affairs (MCA).-kanoons.

How much time is needed for setting up a producer company registration in India?

producer company registration. Expect producer company registration to take 35 to 40 days to complete the whole procedure. This Will, however, depend on if you’ve got all your documents in order and the workload of the RoC.

 

CLICK HERE FOR GST REGISTRATION AT KANOONS

What are the rules for picking a name for a producer company?

Each company has two components to its title. The first component is exceptional. By way of instance, ‘WIPRO’ or ‘MERCEDES-BENZ’. The next part describes the company activity of the organization. This second part has to be as descriptive as you can. The title of this Corporation must end with ‘Producer Company Limited’

What documents need to be submitted to start a producer company?

Most of all, all directors have to have an individuality and address evidence and rights to practice about the house they’re working on. The owner of the office will also have to submit an NOC, saying that the corporation might operate from that place.

-kanoons.

What is a Digital Signature Certificate?

A Digital Signature Certificate, or DSC, is issued by six certifying government in India (for example e-Mudhra and n-Code). It’s only a digital version of a physical touch. It may be utilized to confirm documents in the business registration procedure.

-kanoons.

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