A producer company is a group of farmers/agriculturalists for the betterment of their living standards and as a means to increase their collective bargaining capacity. We help to incorporate the producer company in India.
We are a professional consulting firm specialising in company registration, taxation, accounting, payroll, compliance, and intellectual property rights (IPR) services to assist new and existing businesses in India. We provide our professional services at a reasonable fee, explaining the eligibility, process, and documents required for setting up and maintaining a business. We also prepare and file necessary applications with relevant government agencies such as the Registrar of Companies (ROC) and the Income Tax Department. We do not directly provide government documents or represent ourselves as a government agency.
A producer company combines the best features of a cooperative society and a Private Limited Company, offering collective benefits to its member producers under a robust and definitive legal framework. Only business entities registered as Private Limited Companies are eligible for Producer Company registration in India. However, the names that these companies are incorporated with, shall end with the words “Producer Company Limited”. Individuals and institutions involved in Primary Production activities can come together and form a Producer Company in India.
Businesses looking forward to registering as Producer Companies must first fulfill certain prerequisite conditions as prescribed under the Section 465 (1) of the Companies Act, 2013. These conditions are concerned with the number of members, number of directors, name, address, and capital of the company. A detailed list of all such legally mandatory conditions have been mentioned in the table below.
At least 10 producer individuals or at least 2 producer institutions as members
At least 5 directors
A minimum capital of Rs.5 Lakhs
A unique name ending as “Producer Limited Company”
A registered address for the principal place of business or the main office
A Producer Company gets registered as a Private Limited Company, and hence, the entire process of registering a Producer Company is similar to that of a Private Limited Company. The application is filled out by any director of the Company, and submitted to the Registrar of Companies, who verifies the details furnished in the application and the documents attached with it. Once the verification of the application is complete, the ROC shall issue the Certificate of incorporation in the name of the company.
You must present specific legal documents in order to apply for the incorporation of a producer limited company. The section below contains a list of every single document that is required for registration. You must make sure you have all of these documents before even starting the procedure for Producer company registration, and if you don’t, you must make arrangements for them as soon as you can.
A Producer Limited Company’s name needs to be distinctive and conveying of its brand and business activity. Additionally, a set of requirements that must be met to set up a Producer Limited Company have been laid down in the Companies Act, the Company (Incorporation) Rules, the Trademark Act, and the Names and Emblems Act. A company’s name cannot be the same as or similar to the name of an already-existing company, LLP, or applied or registered trademark. Read our article on requirements for name approval to receive a detailed insight.
Once you’ve decided on a legally valid name for the business, you must reserve it with the Registrar of Companies in order to stop other companies from using it without your permission or stealing it. All you have to do is use our name approval and reservation services, where we will not only search the validity of the names proposed by you, but also apply for its reservation in the RUN (Rserve Unique Name) or PART A of the SPICe+ applications.
You can continue with a Producer Limited Company’s incorporation after approving its name. You must complete the online SPICe+ application found on the MCA’s official website in order to apply for the incorporation of the company. Part A of the SPICe+ application is used for reserving a name, and Part B is used for Producer Company Registration. Any director of the Producer Company may complete and sign the application before submitting it to the ROC, along with the required supporting documentation.
The ROC, after receiving the application for Producer Company registration, verifies all the details and documents furnished in it. Only after the ROC is satisfied with the authenticity of such details and documents, he shall register the Producer Limited Company, and issue a Certificate of Incorporation to the company as a conclusive proof of such registration. Additionally, the ROC also allots a Corporate Identification Number as the unique identity of the company.
The application for the registration of a Producer Company must be accompanied by the scanned copies of the documents prescribed under the Companies Act, 2013. These documents can be categorized into the documents of the members, documents of the company, and the documents of the premises where the business is being carried out. An elaborate list of such documents have been mentioned in the table below.
Questionnaire For Company RegistrationConsent of Directors in Form DIR-2Specimen Signature of DirectorsSigned Subscriber Sheet
