Producer Company

Producer Company Registration

Producer Company is ideal for Primary Production businesses like agriculture activities.

This company is a special company incorporated under the Companies Act, 2013 and includes only those persons as its shareholders who are engaged in primary agriculture activities, thus known as “primary producers”. Such companies are registered as Private Limited companies and present farmers with opportunities to improve their livelihood. Primary agriculture activities include Forestry, Horticulture, Pisciculture, Animal Husbandry, Floriculture, Viticulture, Bee raising to name a few. It is mandatory that a Producer company has the following words in its name, viz., “Producer Company Limited” and have a minimum of 10 members for its incorporation.

Panomics Legal Mentors is the best online platform in Producer Company registration in India, offering a variety of company registration services like Private Limited Company registration, Limited Liability Partnership, One Person Company, Public Limited Company registration, Nidhi company registration, Section 8 Company registration, and Indian Subsidiary registration and FSSAI registration.

Panomics Legal Mentors will help you to register a Producer Company from the comfort of your home, offering you services that are very technical and as per individual needs.

Get a free consultation for Producer Company registration with Our Top Rated Experts with simple Registration.

Advantages of Producer Company

  • Separate Legal Entity — This company is a distinct entity from its directors and a separate juristic person as per Companies Act, 2013. This provides the company with many rights such as opening a bank account under its name, obtain licenses, hire employees, and enter into contracts and so on.
  • Perpetual Existence — This company continues to exist till it is legally dissolved by its directors. Death or departure of its directors for any reason has no effect on the company’s existence and the company continues to exist even when there is a change in ownership.
  • Property Ownership — Since a Producer company is a juristic person; it can own and sell the property under its name.
  • Improved Management – The operations of this company are divided amongst the company directors and this lessens the burden on individual farmers of managing their business needs. The Board of Directors of this company has a tenure of 5 years post which a fresh set of directors can be elected, thus providing the company with different perspectives for running its operations. However, every Director is eligible for reappointment.
  • Government Grants – Each Producer company is provided with a grant of Rs. 10 lacs in order to improve its capital base. Apart from this, there are various State government level and Central government level schemes such as National Food Security Mission, Rashtriya Krishi Vikas Yojana Funds to help the finances of Producer companies.

Documents required for registration

For Directors/shareholders Identity Proof:

  • Indian National
    • Copy of PAN Card (Mandatory) or
    • Aadhaar Card
    • Voter ID; or
    • Driving license
    • Passport
  • Foreign Nationals

Notarized and/or apostilled passport copy for Foreign Nationals

 Address Proof:

  • Copy of Telephone/Mobile or Electricity bill; or
  • Bank Account Statement (Less than 2 months old)

Passport size photograph

For Registered Office; Company Address Proof:

  • Telephone/Mobile/Electricity/Gas bill (Less than 2 months old); AND
  • In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business;
  • In the case of self-owned premises registered title document

Minimum Requirements

  • A minimum of 10 individuals; or 2 producer companies; or combination thereof
  • A minimum of 5 directors
  • DIN (Director Identification Number) for ALL company directors

Registration Process

Panomics Legal Mentors will help you to register a Producer Company from the comfort of your home, offering you services that are very technical and as per individual needs.

Get a free consultation for Producer Company registration with Our Top Rated Experts with simple Registration.