REGISTER A PRODUCER COMPANY

in just 20,500/- Keynotes on Producer Company Registration

  • Lowest fees across India
  • It takes 20 to 25 days for Producer Company Registration
  • Minimum capital to start Rs. 5,00,000/-
  • Instant access to Producer Software & Compliances

A Producer Company is established by a group of primary producers to meet their financial needs and support their agricultural or production-related activities. Financial assistance is often provided by NABARD to help these companies thrive. At Law Sarathi, we offer expert Producer Company registration services to farmers, enabling them to establish and grow their businesses effectively.

Our team comprises dedicated professionals passionate about supporting farmers in starting their agricultural ventures. We specialize in hassle-free Producer Company registration, ensuring that the process is completed accurately and without any legal complications. Understanding the financial concerns of farmers, we provide affordable producer company registration services to make the process accessible to everyone.

Hassle-free Producer Company Registration at Affordable Price

We specialize in hassle-free Producer Company registration, ensuring that the process is completed accurately and without any legal complications. Understanding the financial concerns of farmers, we provide affordable producer company registration services to make the process accessible to everyone.

If you’re planning to incorporate a Producer Company, choosing a reliable and experienced registration consultant is essential. Our experts are well-versed in the online registration procedure and are committed to completing it efficiently within a quick turnaround time.

Take the first step toward building your Producer Company with us! Contact us today to learn more about our cost-effective registration services and fees. Let’s help you start your producer business seamlessly.

How to register Producer Company / What is Producer Company?

A Producer Company is considered one of the easiest and most cost-effective ways to start a loan business in India. To establish a Producer Company, you need a minimum of 10 individuals and some basic documents. The minimum capital requirement for registration is ₹5 lakh.

Creating membership within a Producer Company is a straightforward process that requires minimal documentation. Importantly, registering a Producer Company is the only way to initiate a loan business in India without needing approval from the RBI.

A Producer Company combines the benefits of a cooperative society with the advantages of a corporate structure. It incorporates the unique features of cooperative enterprises while adhering to a regulatory framework similar to that of a company.

What are the provisions made by the Producer Company about loans and investments?

A Producer Company is formed by a group of individuals, including primary producers, who require timely financial support. To facilitate this, a special provision was established under the Companies Act to approve the members of the Producer Company for loan purposes.

The following options are available for providing financial support to the members of a Producer Company:

  • Loans and Advances: Loans and advances can be issued to members, secured for a duration not exceeding seven years from the date of disbursement.

  • Credit Facility: A credit facility may be extended to members for a period of up to six months.

  • NABARD (National Bank for Agriculture and Rural Development) Loans: NABARD offers financial assistance to meet the needs of Producer Companies. In 2011, NABARD established the Producer Company Development Fund with a corpus of ₹50 crore from its surplus operating funds to support these initiatives.

Documents needed for Registration of Producer Company

Identity Proof of Directors and Shareholders

  • PAN Card (mandatory for Indian nationals)
  • Passport (for foreign nationals)
  • Aadhaar Card/Voter ID/Driving License (as an additional proof)

Address Proof of Directors and Shareholders

  • Bank Statement/Telephone Bill/Mobile Bill (not older than 2 months)
  • Electricity Bill/Utility Bill as a valid proof of address

Registered Office Address Proof

  • Rent Agreement (if the premises are rented)
  • NOC (No Objection Certificate) from the property owner
  • Latest Utility Bill (not older than 2 months) for the office address
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Passport-sized Photographs

  • Recent passport-sized photographs of all directors and shareholders.

Digital Signature Certificate (DSC)

  • All directors must obtain a DSC to sign electronic documents. Law Sarathi assists in acquiring the DSCs as part of the process.

Director Identification Number (DIN)

  • A valid DIN is required for each director. If the directors don’t already have a DIN, Law Sarathi will help with the application.

Memorandum of Association (MoA) & Articles of Association (AoA)

  • These documents outline the company’s objectives (MoA) and the regulations governing its operations (AoA). Law Sarathi ensures that these are drafted correctly in accordance with legal standards.

The Procedure for Producer Company Registration

Registering a public limited company involves meeting specific legal and regulatory requirements. At Law Sarathi, we simplify the process for you. Below are the key criteria for public limited company registration:

  1. Minimum Number of Shareholders
    A public limited company must have at least 7 shareholders to be eligible for registration. These shareholders can either be individuals or corporate entities.

  2. Minimum Number of Directors
    The company must have a minimum of 3 directors, with at least one director being an Indian resident. The directors can also be shareholders, but their roles must be defined clearly.

  3. Paid-Up Capital
    A public limited company must have a minimum paid-up capital of ₹5 lakhs at the time of incorporation. The company can increase the capital over time based on business needs.

  4. Name of the Company
    The proposed company name should be unique and not similar to any existing company or trademark. It must also include the words “Limited” at the end of its name to indicate its public status.

  5. Registered Office Address
    A valid registered office address is mandatory for official communication purposes. This address can be a rented or owned property, and necessary proof of ownership or rental agreement must be provided.

  6. Approval from SEBI (if applicable)
    If the public limited company has more than 500 members or plans to raise funds from the public, SEBI (Securities and Exchange Board of India) approval is required for compliance with regulatory norms.

  7. Compliance with Companies Act, 2013
    The company must adhere to the provisions outlined in the Companies Act, 2013, including the submission of essential documents like the Memorandum of Association (MoA) and Articles of Association (AoA) during the registration process.

  8. Statutory Compliance
    The company must comply with various statutory requirements, including obtaining a Director Identification Number (DIN) for all directors and a Digital Signature Certificate (DSC) to sign documents electronically.