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Join the League of Successful Producers with TeamCSP's Exclusive Producer Company Registration Offer!

TeamCSP offers an unbeatable deal on Producer Company Registration, providing expert guidance and hassle-free services to help you establish and grow your own successful producer company.

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An Overview

What is a Producer Company?

A Producer Company is a business entity created for the benefit of primary producers engaged in the production, harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary produce, with specific legal provisions and regulatory requirements under the Companies Act, 2013.

The Producer Company: An explanation : A Producer Company is a unique form of business entity that is created for the benefit of its members, who are all primary producers engaged in the production, harvesting, procurement, grading, pooling, handling, marketing, selling, and exporting of primary produce. The primary objective of a Producer Company is to improve the income and livelihoods of its members by facilitating greater access to markets, inputs, and credit. Unlike traditional companies, Producer Companies have specific legal provisions and regulatory requirements under the Companies Act, of 2013, which TeamCSP can help you navigate for a smooth and successful registration process.

Producer Company Offers Many Benefits

Limited liability protection for members: One of the biggest advantages of a Producer Company is that it provides limited liability protection for its members. This means that the personal assets of the members are protected in case of any legal or financial liabilities arising from the business activities of the company.

Democratically controlled management structure: Producer Companies are managed democratically, which means that every member has an equal say in the decision-making process. This ensures that the interests of all members are taken into account, and decisions are made in the best interest of the company as a whole.

Increased access to financing and credit facilities: Producer Companies are eligible for various financing and credit facilities provided by the government and financial institutions. This can help the company to access funds at lower interest rates and improve its financial position.

Better bargaining power with buyers and suppliers: Producer Companies have a collective bargaining power that individual producers do not have. By pooling their resources and negotiating as a group, Producer Companies can secure better prices for their products and better rates for the inputs they need.

Access to government schemes and subsidies: Producer Companies are eligible for various government schemes and subsidies that can help them improve their productivity and profitability. These schemes may include subsidies for inputs, equipment, and marketing assistance.

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Producer Companies' registration documents

  • The MoA is a legal document that defines the objectives, scope, and activities of the Producer Company. It contains information about the main objects and ancillary objects of the company, the liability of the members, and the authorized share capital.
  • The AoA is a document that contains the rules, regulations, and by-laws for the internal management of the Producer Company. It contains information about the rights, duties, and responsibilities of the directors and shareholders, the conduct of meetings, and the distribution of profits.
  • The consent of all proposed directors of the Producer Company is required, stating that they are willing to act as directors of the company.
  • This declaration is signed by the directors, stating that all the requirements of the Companies Act, 2013 have been complied with and that the information provided in the documents is true and correct.
  • Identity and address proof of all the proposed directors, shareholders, and registered office are required. This can be in the form of a passport, voter ID card, Aadhaar card, or driving license.
  • The DSC is required for filing the registration documents online.
  • The DIN is a unique identification number issued by the Ministry of Corporate Affairs to all the proposed directors of the company.
  • The name of the proposed company needs to be approved by the Registrar of Companies (RoC) before registration.
  • Proof of registered office, such as a rent agreement or ownership deed, is required to be submitted to the RoC.
  • The registration fees need to be paid to the RoC at the time of filing the registration documents.

With TeamCSP, registering your Producer Company is easy

Registering a Producer Company can be a complex and time-consuming process, but with the expert guidance and hassle-free services provided by TeamCSP, it becomes easy and efficient. Our team of experienced professionals will help you navigate the legal and regulatory requirements, including obtaining a Digital Signature Certificate (DSC) and Director Identification Number (DIN), drafting a Memorandum of Association (MoA) and Articles of Association (AoA), and obtaining a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). We provide end-to-end solutions for establishing and growing your own successful Producer Company, with a focus on delivering high-quality services at competitive prices. Let TeamCSP help you turn your dreams into reality!

 

Getting a company registered: Steps to take

Choose a business structure: The first step is to choose a suitable business structure for your company. The most common business structures include Sole Proprietorship, Partnership, Limited Liability Partnership (LLP), Private Limited Company, and Public Limited Company.

Choose a unique name for your company: The next step is to choose a unique name for your company. The name should not resemble the name of any existing company and should be in compliance with the guidelines of the Registrar of Companies (RoC).

Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN): For registering a company, the proposed directors need to obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN) from the Ministry of Corporate Affairs.

Draft Memorandum of Association (MoA) and Articles of Association (AoA): The MoA and AoA are the two important documents that define the objectives, rights, and duties of the company and its members. These documents need to be drafted in compliance with the Companies Act, 2013.

Apply for Name Approval: Once the MoA and AoA are drafted, the proposed name of the company needs to be approved by the Registrar of Companies (RoC). The name should be unique and should not resemble the name of any existing company.

File the registration documents with RoC: After the name is approved, the registration documents including the MoA, AoA, and other required documents need to be filed with the RoC.

Obtain Certificate of Incorporation from RoC: Once the documents are scrutinized and verified, the RoC will issue the Certificate of Incorporation, which certifies that the company is now legally incorporated and registered.

Obtain PAN and TAN: After obtaining the Certificate of Incorporation, the company needs to apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.

Register for GST: If the company is liable to pay Goods and Services Tax (GST), it needs to register for GST with the GST department.

Frequently Asked Questions

A Producer Company is a type of company that is formed by farmers, artisans, and other producers with the objective of improving their income, standard of living, and economic status. It is a hybrid between a cooperative society and a private limited company.

Any individual or entity engaged in the production, procurement, processing, marketing, or export of primary produce can become a member of a Producer Company. The primary produce can be agricultural produce, horticultural produce, animal husbandry produce, fishery products, or any other produce of primary nature.

A Producer Company can be registered with a minimum of 10 members and a maximum of 50 members. However, in the case of multi-state operations, there is no limit on the maximum number of members.

Some of the benefits of registering a Producer Company include limited liability protection, better access to credit and finance, better bargaining power, access to government schemes and subsidies, and improved market linkages.

The documents required for registering a Producer Company include a Memorandum of Association (MoA), Articles of Association (AoA), consent of directors, declaration of compliance, identity and address proof, digital signature certificate (DSC), director identification number (DIN), name approval certificate, proof of registered office, and payment of fees.

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