Register Easily Start a Producer Company
Complete solution for starting a Producer Company with a minimum of ten producers, including incorporation of company as producer company.
Producer Company Registration
Producer Company is a company registered under the Companies Act, 2013, which has 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.
Over 85% of the Farmers in India are small and marginal farmers with land holdings of less than 2 hectares. This fragmentation in farmers and farm lands, leads to disorganization and it is not viable for Indian farmers to adopt the latest technologies. By organization of these farmers into producer companies, economies of scale can be unlocked and the livelihood of farmers can be improved. Thus the concept of producer company is aimed at empowering farmers by creating clusters of farmers organized as a Producer Company.
Identity and Address Proof
Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarised copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.
Registered Office Proof
All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
Time & Cost for Section 8 Company Registration
The Total Cost Breakup
|.Digital Signature Certificate (DSC)||2||1900|
|.Director Identification Number (DIN)||2||1000|
|.RD Approval Fees||-||2,500|
|.MOA, AOA and Incorporation Fee||-||6,000|
|.PAN and Tan Application||-||280||.Professional Fee (Inclusive of Taxes)||-||10,800|
Total NPO/NGO/Section 8 Registration Cost in India 23,680/-
Note: Stamp duty Extra for States: Punjab, Kerala and Madhya Pradesh.
- Obtaining DSC & DIN:Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required for the proposed Directors of the Producer Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
- Name Approval & License:Once DIN and DSC are available for atleast five Directors, application for reservation of name for producer company can be made to MCA. Name approval can be obtained in 3 to 5 working days.
- Producer Company Registration:Once the name approval is obtained, registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
How we help with producer company registration
Indian Legals registration Company can register a Producer Company in 20 to 30 days, subject to ROC processing time.