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Producer Company

Start your Private Limited Company (Pvt Ltd) Registration process online at the Reasonable Price.

₹ 50000 /-

excl of GST  

What is Producer Company?

Producer Companies stand as beacons of change in the agricultural landscape, offering a collective approach to uplift farmers and rural communities. These entities, guided by the Companies Act, 2013, unite farmers, producers, and individuals in shared endeavors. Operating on democratic principles, each member, irrespective of their land holdings, has an equal say in decision-making.

The primary goal of Producer Companies is to boost agricultural practices, enhance productivity, and provide a unified platform for collective marketing.

Farmers join hands to pool resources for procurement, production, and marketing, ensuring better market access and fair returns. With features like limited liability, equitable profit distribution, and professional management, Producer Companies create a supportive ecosystem for sustainable agricultural growth.

Through these entities, farmers find strength in unity, paving the way for economic empowerment and improved socio-economic conditions in rural areas.

Why We Need to Register as a Producer Company?

Governed by the Companies Act, 2013, this registration offers a structured framework for farmers and producers to unite, pool resources, and navigate the agricultural landscape more effectively.
By registering as a Producer Company, farmers gain legal recognition and a formal platform for collaborative activities. This facilitates improved access to markets, fair pricing, and enhanced bargaining power.
The collective strength of a registered Producer Company empowers farmers to streamline production, share knowledge, and implement sustainable agricultural practices. Additionally, limited liability and equitable profit distribution create a conducive environment for economic upliftment.

In essence, registration as a Producer Company is not merely a legal formality; it is a strategic step toward fostering unity, resilience, and shared prosperity in the agricultural sector.

Advantages of Registering as a Producer Company

Checklist for Registering as a Producer Company

Eligibility Check:
  • Ensure that your business qualifies as a producer company based on the eligibility criteria set by local regulatory authorities.
Choose a Unique Name:
  • Select a distinctive and unique name for your producer company.
Memorandum of Association (MOA) and Articles of Association (AOA):
  • Draft MOA and AOA specifying the objectives, rules, and regulations of the producer company.
Director Identification Number (DIN) and Digital Signature Certificate (DSC):
  • Obtain DIN for directors
  • Acquire DSC for authorized signatories.
Appointment of Directors:
  • Appoint a minimum of five directors for the producer company.
Registered Office:
  • Provide a valid address for the registered office of the company.
  • Gather supporting documents, such as utility bills or rental agreements, as proof of address.
Application Submission:
  • Complete application forms for producer company registration.
  • Attach necessary documents, including MOA, AOA, identity proofs, and address proofs.
Filing with Regulatory Authority:
  • Submit the application and required documents to the relevant regulatory authority.
  • Pay the applicable fees for registration.
Verification and Approval:
  • Await verification and approval from the regulatory authority.
  • Respond promptly to any queries or requests for additional information.
Certificate of Incorporation:
  • Obtain the Certificate of Incorporation once registration is approved.
  • Verify the details on the certificate for accuracy.
PAN and TAN Application:
  • Apply for a Permanent Account Number (PAN) for the producer company.
  • Apply for a Tax Deduction and Collection Account Number (TAN).
Bank Account Opening:
  • Open a bank account in the name of the producer company.
  • Provide necessary documents, including the Certificate of Incorporation and PAN.
Compliance with Statutory Requirements:
  • Comply with ongoing regulatory requirements, such as annual filings and other statutory obligations.
Membership Management:
  • Keep accurate records of members and their shareholdings.
  • Issue share certificates to members.
Professional Assistance:
  • Consider seeking professional assistance from legal and financial experts for smooth registration and ongoing compliance.

Filings for Producer Company

  • Eligibility Verification:
    Confirm that your business qualifies as a producer company per local regulations.
  • Choose a Unique Name:
    Select a distinctive name and reserve it with the regulatory authority.
  • Memorandum of Association (MOA) and Articles of Association (AOA):
    Draft clear objectives and rules for your company.
  • Director Identification Number (DIN) and Digital Signature Certificate (DSC):
    Obtain DIN for directors and secure DSC for authorized signatories.
  • Appointment of Directors:
    Appoint a minimum of five directors for the company.
  • Registered Office Details:
    Provide accurate information about the registered office, supported by relevant documents.
  • Application Submission:
    Complete application forms, attach necessary documents, and submit to the regulatory authority.
  • Verification and Approval:
    Await approval, responding promptly to any queries.
  • Certificate of Incorporation:
    Upon approval, obtain the Certificate of Incorporation.

Compliance for Producer Company:

1. Annual General Meeting (AGM) Documents:

File AGM-related documents, including financial statements, reports, and resolutions, within the stipulated 60-day period.

2. Annual Returns:

File annual returns with the RoC within 60 days from the end of the financial year, incorporating financial statements and requisite documents.

3. Board Meeting Minutes:

Keep and file minutes of board meetings, ensuring compliance with the minimum required number of meetings.

4. Audit Reports:

Submit audited financial statements along with the auditor's report during the filing of annual returns.

5. Change in Directors or Shareholding:

File necessary documents promptly in the case of any changes in the board of directors or significant shifts in shareholding.

6. Statutory Registers:

Maintain and update statutory registers like those of members, directors, and debenture holders, ensuring accessibility for inspection.

7. Income Tax Returns:

File annual income tax returns within specified timelines, adhering to income tax regulations.

8. Goods and Services Tax (GST) Returns:

If applicable, regularly file GST returns and comply with the evolving GST regulations.

Closure for Producer Company

1. Initiating the Decision:

  • Pass a board resolution officially proposing the closure of the producer company.

  • Clearly outline the reasons and justifications for the decision.

2. Seeking Shareholders' Approval:

  • Call for a special general meeting to obtain shareholders' approval for the closure.

  • Pass a special resolution supporting the decision with the consent of the majority.

3. Legal Formalities:

  • File the necessary documents with the regulatory authorities, including the resolution passed and financial statements.

  • This involves communicating the decision to close the company to the Registrar of Companies (RoC).

4. Clearance of Liabilities:

• Settle all outstanding debts and liabilities of the producer company.

• Ensure that all financial obligations are duly met before proceeding further.

5. Appointment of Liquidator:

  • Appoint a qualified liquidator to oversee the process of winding up the company.

  • The liquidator will take charge of settling affairs, disposing of assets, and distributing

    proceeds.

6. Formal Closure Process:

  • Initiate the formal process of closing the company by applying for the cancellation of its registration.

  • This step involves submitting relevant documents to the RoC.

7. Asset Distribution:

  • Once all legal formalities are completed, distribute the remaining assets of the company among the shareholders.

  • This is often done in proportion to their shareholdings.

8. Finalization and Verification:

  • Prepare and submit the final audited financial statements of the producer company.

  • This provides a transparent overview of the financial status at the time of closure.

9. Closure Confirmation:

  • After the regulatory authorities review and verify the submitted documents, they will issue a closure certificate.

  • This certificate officially marks the closure of the producer company.

10. Communication and Compliance:

  • Communicate the closure to all stakeholders, including employees, creditors, and suppliers.

  • Address any pending contractual obligations and ensure a smooth transition.

11. Post-Closure Responsibilities:

  • Retain necessary records and documents for the prescribed period after closure, as per legal requirements.

  • These records subject to inspection by regulatory authorities.

12. Legal and Financial Advice:

Seek professional advice from legal and financial experts throughout the closure process. Professionals can guide you through legal intricacies, ensuring compliance with regulatory standards.

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:
As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.
2. Certificates of Compliance:
These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.
3. Modifications to the Company Structure:
Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.
4. Event-Based Filings:
When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

Why SHR for Your Producer Company Registration?

Secret Maintenance:
Your business secrets are safe with SHR. We prioritize the utmost confidentiality in handling your sensitive information, maintaining the highest standards of privacy.
Timely Completion:
Delays are not part of our service ethos. SHR is committed to ensuring that your producer company registration proceeds without unnecessary delays, keeping pace with your business aspirations.
Transparent Process:
At SHR, transparency is our foundation. Expect open and clear communication, ensuring you're informed and empowered throughout the registration process.
Client - Focused Approach:
Your vision guides our service. We prioritize your needs, fostering a client-centric approach in all our interactions.
Prioritizing your financial well-being:
SHR prioritizes your financial well-being. Benefit from our cost-effective services that not only fulfill your demands but also save you money. We promote affordability and value in all of our services, so you may experience excellence without breaking the bank.

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