Producer Company is a company registered under the Companies Act, 2013, which has the
objective of production, harvesting, procurement, grading, pooling, handling, marketing,
selling and 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.
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The following types of Business entities are available in India: Private Limited Company
Public Limited Company
One Person Company
Producer Company
Section 8 Company
Limited Liability Partnership
Partnership
Sole Proprietorship
Animal Husbandry: breeding or caring of animals in the farm
Horticulture: Producing, growing plants, fruits or vegetables
Floriculture: Growing Flowers
Pisciculture: Fish farming
Viticulture: Producing grapes
Forestry: Preserving forest
Re-vegetation: Rebuilding or replanting disturbed land
Bee raising: keep bees to collect honey
Minimum 5 Director
Minimum 10 Shareholder
DIN (Director Identification Number for all Director)
DSC (Digital Signature Certificate for all Directors)
Minimum Share Capital of Rs. 1,00,000/-
The Director and Shareholder must be the Farmer
Only farmer can be the member of Producer Company.
Producer companies can take the advantages of various central and state government
schemes and obtain subsidies for projects.
The Memorandum of Association (MOA) states the main and ancillary objects of the
proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine
conduct of the
proposed company.
Authorized capital is the maximum amount of share capital for which a company can issue
shares.
Authorized capital can be increased by company at any time with shareholders’ approval.
Paid up share capital of a company is the amount of money for which share were issued to
the shareholder
and for which payment was made by shareholder. Paid up capital will always be less than
the authorized
capital as the company can not issues shares above its authorize capital.
Well, it completely depends on what you want to do. If you are a single person doing
business and are
not going to raise any outside investment for at least 3 years then OPC suits you best.
Or if you are
planning to raise funds then go for Private Ltd registration. A LLP is typically
preferred by Lawyers,
Doctors, Designers and other professionals.
A company registration process is a legal process that usually takes 8-15 days for
registration.
However, a fixed time line can not be committed due to legalities involved in the due
process.
No, the process is completely online these days and MCA does not issue a Printed copy.
We can provide
the printed copy.
On receipt of the certificate of incorporation a newly formed company can start the
business operations.
PAN
TAN
Shop Act
VAT
Profession Tax
Service Tax
Provident Fund
ESIC
Yes, you can register a company at your residential address as having a commercial space
is not
necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process
of change of
company address is very easy and it can be done within hours if the new address is
within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms
and conditions
mentioned in his/her employment agreement may have some clauses that might require an
expert advice. We
recommend you to speak to us before proceeding in order to make an informed and wise
decision.
Yes, an existing company can be converted into any other form of business entity by
complying the
provisions of Companies Act, 2013.
No Hidden charges. Every details regarding charges are mentioned in the Quotation file
sent to you.