Producer Company Registration in India
Company Registration is now easy when done by FileFunda. We provide quick and affordable service to register a private limited company through 100% online process (WhatsApp your documents we will do the rest).
Only at ₹29999*
*Each additional Director or Shareholder will cost ₹1500. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
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OVERVIEW
Register a Producer Company
Producer Company is the most popular type of corporate legal structure in India. Producer company registration in India is governed by the Ministry of Corporate Affairs, the Companies Act, 1956 and the Companies Incorporation Rules, 2014. To register a Producer company, a minimum of ten shareholders and five directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
A Producer Company shall have the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.
BENEFITS
Advantages of Producer Company Registration
Separate Legal Existence
Once the Company registration in India is done, a legal entity is born in eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides right to sue third parties in case of any defaults.
Management and Ownership Separation
Once the Company registration in India is done, a legal entity is born in eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides right to sue third parties in case of any defaults.
Owners’ Limited Liability
The company’s obligation or debts of does not create a charge over the owner’s personal assets. Their liability stays limited only to the capital subscribed and unpaid by them.
Benefits to members
Every member can initially receive only the value of the produce as determined by the Board. The withheld price may be disbursed later in cash or by allotment of equity shares. The members are eligible only for limited return but can also be allotted bonus shares. The surplus can also be disbursed as patronage bonus.
ONLINE REGISTRATION
Documents required to register a Producer Company
PAN Card
PAN Card of shareholders and Directors. Foreign nationals must provide a valid passport.
Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
Photograph
Latest Passport size photograph of Shareholders and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address (not older than 50 days)
NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office
Rent Agreement
Rent Agreement of the registered office should be provided if any
Producer Certificate
Producer certificate of all subscribers certified by tehsildar/agriculturte officer/ patwari/ SDM /District Administrator and Khasra / Khatauni.
Note
In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled
Formulation of Company Name
Unique Name
Mainly it builds the company brand and preferably be a coined word
Business Object
The second part of the name should suggest the business activity of the company
Constitution Type
Name of the company must end with “Producer Company Limited” as a suffix
ONLINE REGISTRATION
THE PROCESS
Register a Company in 3 Easy Steps
Process to Register a Company in India
1. Answer Quick Questions
- Pick a Package that best fits your requirements
- Fill in our questionnaire that takes less than 10 minutes
- Provide basic details & documents required for registration
- Make payment through secured payment gateways
Day 1 - 2
- Review of documents and information provided
- Application for Digital Signature Certificate
2. Experts available for Help
- Assigned Relationship Manager
- Procurement of Digital Signatures (DSC)
- Application for Company Name Registration
- Documents drafting including MOA and AOA
- Certificate of Incorporation
- Application for PAN and TAN
Same Day
- Checking Name availability
- Drafting of MoA, AoA & other required documents
3. Your Company is Registered
- All it takes is 3-10 working days*
Same Day
- Name reservation application under SPICe
- Filing company registration application
- DIN allotment application
- Application for PAN and TAN of company
Day 3-10
- Government processing time
After Incorporation what you get:
- DSC for 10 Directors
- DIN for 10 Directors
- Company PAN & TAN (Digitally signed Soft Copy)
- MOA and AOA
- Company Incorporation Certificate
- Supporting Document for opening Bank Account
- Share Certificate
- GST Registration Certificate*
* If opted for GST Registration then only GST Registration Certificate will be given.
Over 1 Lakh Companies registered Annually in India
Be the part of corporate India
FREQUENTLY ASKED QUESTIONS
Explore Producer Company Registration
Yes, you can register your company at your residential address. There is no issue, you need only the utility bill copy of the same.
Minimum 5 Directors required for Producer Company Registration and additionally 10 Share Holders are also required.
It depends on Government Processing and approval. But when you register your Company with FileFunda it is fastest, on an average it takes up to 3 to 10 working days to register a producer company in India.
It costs nearby 29999/- INR except in some state like Punjab, Kerala and MP State due to Stamp Duty. The package is for ten directors only, in case of each additional Director or Shareholder will cost ₹1500. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
It’s a just a maximum share value which you can issue in your company so it’s not mean that you have to invest the 1 lakh rupees. You can start your own producer company with any amount of capital, even it could be 10 rupees only.
GST Registration is optional till the 20 lakh rupees turnover and for north east state 10 lakh rupees turnover. it’s a completely separate registration apart from producer company registration.
Yes you can run the multiple business under one producer company. But it should be related to producing activities only and the same should also be mentioned in your MOA during the Producer company registration.
In the private limited company all the eForms has to be filed with the DSC issued by a CCA approved Certifyinh Authority.
Basically, with the producer company registration, you company name has been secured. But if we talk about the brand or the logo registration then there is separate trademark registration
It’s a life time validity of the producer company registration certificate. But there are some situation where producer company name can be terminated from the ROC –
– if the company are not able to start the business within 1 year of the incorporation.
– if the company are not filings regular Annual Returns.
Yes, you can become director of the company if you are not bounded with any employment contract for the same, for more details must check your employment agreement.
No, you don’t need to be present any Government office, you have to just provide us the documents as scanned copy via our web portal or email or whatsapp and we will do the rest for you.
If we talk about the annual maintenance or compliance then its include following things ;
#1 Appointment of the Auditor with the statutory audit of the accounts (ADT-1).
#2 Commencement of Business (Form INC 20A)
#2 Filings of the AGM, Annual Return and financial statement
#3 Filings of the Income Tax Return for the same.
Limited liability protection is likely to responsible only to limited amount for the debt in producer company. mean your personal assets are separate from the company liabilities.
More Questions? Seek Help of an Expert
Call us at +91 9056 9056 12
Email us [email protected]
HAPPY CLIENTS
We take pride! Not in our work, but in your words.
FileFunda registered our private limited company in just 4 days, I just mailed them my documents, it was really hassle free and so easy to Incorporate our dream company.
Syed Abubakkar SiddiqueMD, Serprok Technologies Private Limited
FileFunda team registered my brand Trademark seamlessly, even in covid-19 pandemic they processed my Trademark application within 2 days only. Super fast service.
Nityananda SahaProprietor of Trademark, ATTAJA
They registered our law firm's LLP in just 3 days, sent all the documents over WhatsApp and few documentations, our LLP was registered.
ANUPAM BRAHMABrahma & Sarkar Associates LLP
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