Producer Company Registration
Producer Company Registration
Price: ₹ 40,000/- *

*Subject to approval of Government portal services

  • Inc. Govt fees upto 5 lakh capital
  • Certificate of Incorporation
  • PAN and TAN
  • MOA and AOA
  • PF Number
  • ESIC Number
  • 10 DSC
  • INC-20A (Business Commencement)
  • MSME registration
  • Share Certificate

Producer Company Registration In Pune:

The Producer Company Registration Startup Portal in Pune is an online platform to facilitate the registration of producer companies in Pune. This portal provides a single-window clearance system that allows individuals or groups of farmers to register their producer company easily and quickly. The portal provides various services such as name reservation, preparation of necessary documents, filing of application, and obtaining the Certificate of Incorporation. The portal also provides information about the eligibility criteria, fee structure, and other statutory requirements for producer company registration. By using the Producer Company Registration Startup Portal in Pune, individuals or groups of farmers can save time and effort in the registration process, and they can focus on their core agricultural activities to improve their income and livelihoods.

What is Producer Company Registration?

Producer Company Registration is a legal process of forming a company that primarily engages in the production, marketing, and sale of agricultural produce or any primary produce of the rural areas. The primary objective of producer company registration is to promote the welfare of its members by providing support for better production, marketing, and mutual aid. The producer company is registered under the Companies Act, 2013, and is considered as a separate legal entity from its members. It provides limited liability to its members, access to funding, tax benefits, and better marketing opportunities. The producer company registration is suitable for farmers, agriculturists, rural producers, and those involved in primary produce activities.

Minimum Requirements To Incorporate Producer Limited Company?

The minimum requirements to incorporate a Producer Limited Company in India are as follows:

  • At least 10 or more producers, or 2 or more producer institutions, or a combination of both can form a producer company.
  • At least ten shareholders and five directors are required.
  • All the shareholders must be producers, and the majority of the directors must also be producers.
  • The proposed directors must have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA).
  • The registered office of the company must be in India, and the company must provide a proof of address.
  • The company must have a unique name that is not identical or similar to any other existing company.
  • The minimum paid-up share capital requirement for a producer company is INR 5 lakh.
  • The company must have a Memorandum of Association (MOA) and Articles of Association (AOA) that specify the objectives and activities of the company.
  • The company must comply with all the requirements of the Companies Act, 2013 and other applicable laws and regulations.

Benefits Of Producer Company Registration In Pune?

Producer Company Registration in Pune can bring several benefits for individuals or businesses involved in agricultural and rural activities. Some of the key benefits of producer company registration are:

  • Legal Recognition: Registering a producer company in Pune provides legal recognition to the group of farmers or rural producers involved in agricultural activities.
  • Limited Liability: Producer companies are considered as a separate legal entity from their members, which means the members have limited liability in case of any legal issues or debts.
  • Access to Funding: Producer companies can raise funds from various sources, including financial institutions and government schemes, for the expansion of their business activities.
  • Tax Benefits: Producer companies can avail various tax benefits under the Income Tax Act, 1961, such as exemptions on income tax, capital gains tax, etc.
  • Better Marketing: Producer companies can market their products collectively, which can help in getting better prices for their products and reducing the dependency on middlemen.
  • Professional Management: Producer companies have a professional management structure, which can help in better decision-making and ensuring the long-term sustainability of the business.

Types of Producer Company Registration In Pune?

  • Production Business: involved in the production, procurement, and manufacture of primary produce by the members and other primary producers.
  • Marketing Business: involved in marketing or promoting the primary produce or providing education services to the members and others.
  • Technical Service: offers technical assistance, training and educational services, or research and development to the producers.
  • Finance Business: provides finance for various activities like production, marketing, and development.

Additionally, there is also an Infrastructure Business type that provides infrastructure such as electricity, water resources, irrigation, or consulting regarding the same to the producers.

Process For Producer Company Registration In Pune?

The process for producer company registration in Pune is as follows:

  • Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed directors of the company.
  • Choose a unique name for the company and apply for the name availability with the Ministry of Corporate Affairs (MCA).
  • Once the name is approved, prepare the Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
  • File the application for incorporation with the Registrar of Companies (RoC) along with the necessary documents, including MOA, AOA, and a declaration by a professional stating that all requirements of the Companies Act have been complied with.
  • Pay the required registration fee and obtain the Certificate of Incorporation (CoI) from the RoC.
  • Apply for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) of the company.
  • Open a bank account in the name of the company.

Documents required for Producer Company Registration In Pune?

The following documents are required for producer company registration in Pune:

  • Identity and Address Proof of Directors and Shareholders: PAN Card, Aadhar Card, Voter ID, or Passport or driving license and latest bank statement.
  • Photographs: Recent passport-size photographs of the proposed directors and shareholders of the company.
  • Digital Signature Certificate (DSC): DSC of the proposed directors of the company.
  • Director Identification Number (DIN): DIN of the proposed directors of the company.
  • Name availability certificate: A copy of the name availability certificate issued by the Ministry of Corporate Affairs (MCA).
  • Memorandum of Association (MOA): A copy of the MOA of the company, which specifies the objectives and activities of the company.
  • Articles of Association (AOA): A copy of the AOA of the company, which specifies the rules and regulations governing the management of the company.
  • Declaration: A declaration by a professional, such as a company secretary, stating that all requirements of the Companies Act have been complied with.
  • Address proof of registered office: A copy of the latest electricity bill or lease agreement of the registered office of the company.

What is included in Our Producer Limited Company Registration Package?

  • Consultation: Consultation with a professional service provider to understand the requirements and process for registering a producer company.
  • Name availability check: Conducting a name availability check with the Ministry of Corporate Affairs (MCA) and suggesting suitable names for the company.
  • Documentation: Drafting and filing the necessary documents, such as MOA, AOA, and other incorporation forms, with the Registrar of Companies (RoC).
  • DSC and DIN: Obtaining Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed directors of the company.
  • Registration fees: Payment of the required registration fees to the RoC.
  • Certificate of Incorporation: Obtaining the Certificate of Incorporation (CoI) from the RoC.
  • PAN and TAN: Applying for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) of the company.

Frequently Asked Questions(FAQ's):

To start a producer company, you need to form a group of at least ten individuals who are farmers, agriculturists, or rural producers. You need to decide on the name of the producer company and reserve it with the Registrar of Companies. Then, you need to prepare the necessary documents such as a Memorandum of Association and Articles of Association, and file an application with the Registrar of Companies for producer company registration.

The fee for Producer Company Registration in Pune varies depending on the type of producer company and the services required.

Any group of 10 or more individuals, who are farmers, agriculturists, or rural producers, can form a producer company. The group can also include any institution or organization engaged in promoting the interests of the rural producers.

Yes, a Producer Company can be converted into a Private Limited Company or LLP in Pune subject to compliance with the necessary legal requirements and procedures.

The time taken to register a Producer Company in Pune depends on the completeness of the documents and the processing time of the Registrar of Companies. It usually takes around 10-15 working days.

Yes, foreign nationals or companies can register a Producer Company in Pune, subject to compliance with the Foreign Exchange Management Act (FEMA) and other applicable laws and regulations.

The minimum paid-up capital of a Producer Company is ₹5 lakh.

The Producer company has the right to accept the deposit in the form of a Fixed Deposit (FD) or Recurring Deposit.