Producer Company Startup Hub

Producer Company

Overview

A Producer Company is a company, established with the intention of producing, harvesting, procurement, grading, pooling, handling, marketing, selling, the export of primary creation of the Members, or import of products or services for their welfare. The term “Produce” means things that have been produced or grown, particularly by farming. This urge that a Producer Company deals primarily with agriculture and post-harvest processing activities.

Our Process

Estimated time to complete the process – 13-15 working days

Step 1

Initial Discussion & collection of Basic information

Step 2

Apply to Name Availability of the proposed Company

Step 3

Apply for Digital Signature Certificate (DSC)

Step 4

Drafting MOA ,AOA & other Documents

Step 5

Filling Registration Document & Get Certificate of Incorporation

Step 6

Application for PAN & TAN

Step 7

Dispatch of deliverables.

Choose Your Package

All Inclusive Pricing – No Hidden Fee

Basic
- ₹ 42000
- - 10 DSC (Digital Signature)
  - 10 DIN for Director's
  - Name Approval for Company
  - MOA & AOA Drafting
  - PAN & TAN Card of Company
  - Certificate of Incorporation
  - Bank Account Opening Support
  - Registration Charges
  - Incorporation Fees
  - GST Registration
  - Commencement of Business
  - Stamp duty on INR 10 Lakh Authorized *
- Purchase Now

Premium
- ₹ 50000
- - 10 DSC (Digital Signature)
  - 10 DIN for Director's
  - Name Approval for Company
  - MOA & AOA Drafting
  - PAN & TAN Card of Company
  - Certificate of Incorporation
  - Bank Account Opening Support
  - Registration Charges
  - Incorporation Fees
  - GST Registration
  - E Way Bill Portal Registration
  - Accounting Software
  - MSME Registration
  - Auditor Appointment Assistance
  - Commencement of Business
  - Stamp duty on INR 10 Lakh Authorized *
  - PF & ESIC Registration
  - Professional Tax Registration
- Purchase Now

Ultimate
- ₹ 63000
- - 10 DSC (Digital Signature)
  - 10 DIN for Director's
  - Name Approval for Company
  - MOA & AOA Drafting
  - PAN & TAN Card of Company
  - Certificate of Incorporation
  - Bank Account Opening Support
  - Registration Charges
  - Incorporation Fees
  - GST Registration
  - E Way Bill Portal Registration
  - Accounting Software
  - MSME Registration
  - Auditor Appointment Assistance
  - Commencement of Business
  - Stamp duty on INR 10 Lakh Authorized *
  - PF & ESIC Registration
  - Professional Tax Registration
  - 1 Year Gst Return Filing
  - Income Tax Return Filing
- Purchase Now

Note*

Stamp duty upto 10 Lakh Authrorized Capital Covered above, if Capital Increase the duty raise on actual Basis

2. In case of Rs.10 lakh authorised capital, stamp duty of Rs.5120 (on actuals) will be chargeable extra for the state of Gujarat. Rs.5510 will be the additional stamp duty charges for state of Rajasthan. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3025 will be applicable

Benefits

Separate Legal Entity

A Producer Company is a lawful establishment and a juristic person initiated under the Act. Therefore, a Producer Company features an extensive legal capacity and may retain the property and also sustain debts. The members (Directors) of a farmer producer company haven't any liability to the creditors of a Producer Company.

Tax Benefits

If the businesses are registered as farmer-Producer Company with an annual turnover of Rs. 100 Crores, then such companies will have 100% tax deduction and earning profit out of an equivalent will not bother to pay any tax. the government has extended a 100% deduction to the Farmer Producer Company.

Limited Liability

Limited liability during a farmer Producer Company means if the company goes through some financial distress due to commercial activity, the personal assets of members of the Producer Company won't be used to remunerate the debts of the Producer Company. The member's liability is going to be limited only.

Transferability

Interest in Producer Company can simply be transferred by passing on its shares. The Board of Management of a Producer Company organization manages the implementation of the Producer Company. Its board of management is well transferable intrinsically. this will be effected simply through the filing of forms with the Registrar of Company (ROC).

Documents Required

To Be Submitted By Directors & Shareholders

Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

Scanned copy of Voter's ID/Passport/Driver's License

Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

Passport-size Photograph

Specimen signature (blank document with signature [directors only] )

For The Registered Office

Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

Scanned copy of Notarized Rental Agreement in English

Scanned copy of No-objection Certificate from property owner

Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

Clear All Your Doubts !

What does a Producer Institute mean?

“Producer Institution” means a producer company or the other institution having only producer or producers or Producer Company or Producer Companies as its member whether incorporated or not having any of the objects mentioned in section 581B and which agrees to use the services of the Producer Company or Producer Companies as provided in its articles.

How long maybe a Producer Company license valid?

A Producer Company is often started with how many people?

Which are major sorts of a Producer Company?

A Producer Company is often of six types as described below-
1. Production:
The main sort of Producer Companies is those involved during production, procurement, or manufacture of any primary produce for its members (for further sale) and to others.
2. Marketing:
Even a business involved within the marketing or promotion of primary produce or provision of educational services to members and others can constitute itself as a Producer Company.
3. Technical Service:
Any business offering technical assistance to producers, providing training and educational services, or conducting research and development can register as a Producer Company.
4. Financing:
Any business financing producer activities, be it within the production, marketing, or development domain, can register itself as a Producer Company.
5. Infrastructure:
Businesses involved in providing infrastructure to producers, whether within the sort of electricity, water resources, irrigation techniques, land utilization, or consultation with reference to the same, may constitute themselves as a Producer Company.

Do I need to be physically present during this process?

How much time is needed for setting up a producer company in India?

What are the rules for picking a name for a producer company?

Every company has two parts to its name. The first part is unique. For example, 'WIPRO' or 'MERCEDES-BENZ'. The second part describes the business activity of the company. For example, 'Legal Solutions' or 'Technologies'. This second part must be as descriptive as possible. The name of the company must end with 'Producer Company Limited'.

What documents need to be submitted to start a producer company?

What is a Digital Signature Certificate?

Will my producer company have a continuous existence?

Will the books of a producer company need auditing?

Let’s start your business journey with Book My Consultant.

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