Those involved in agricultural activities for farming and agriculture can register Producer Company.
The Companies Act defines Producer as any person engaged in any activity connected with or relatable to any primary produce. A Producer Company is thus a body corporate having objectives 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.
In a Producer Company, you can appoint agriculturist members and accept deposits in the form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them.
Process of Producer Company Registration:
To register a Producer Company in India, any of the following combination of members is necessary:
We offer end to end solution for setting up your company. The process for incorporation of a Producer Company can be divided into four steps as under:
10 Digital Signatures
10 Director Identification Numbers
Name Approval of the Company
Certificate of Incorporation (COI)
MoA & AoA
PAN & TAN Registration
Hard Copy of Share Certificates
Assistance in Current Account Opening
Everything From the Smart Plan +
TDS Return Filing For Two Quarters
GST Return Filing For Two Quarters
Everything From the Relax Plan +
One Application For Trademark Registration
MYDBIZ is the market leader in Producer Company Registration services in India. Before we get started with the engagement, all the required information and documents are collected. An engagement manager would be assigned who will also advice you on the type of registrations to be obtained. The average time required to complete a Producer Company Registration is 12-15 working days depending on the government processing time and client document submission. Once the necessary registrations are obtained, an application is also submitted to the bank for current account opening.
For more information, feel free to contact us at firstname.lastname@example.org or call us at +91 9632 993 993.