Producer Company Registration in Jaipur
A producer company lets farmers and other primary producers come together as a company to market produce, buy inputs and share the benefits. It is governed by the producer company provisions of the Companies Act, 2013.
Who can form a producer company
At least ten individual producers, or two or more producer institutions, or a combination of both. Members must be primary producers, for example in agriculture, horticulture, dairy, fisheries or handloom. The company needs at least five directors, and its name ends with “Producer Company Limited”.
What it can do
- Procurement, grading, processing and marketing of members’ produce
- Supply of seeds, fertiliser, machinery and other inputs to members
- Training, technical services and welfare measures for members
Registration process
- Collecting member and director details and producer proof.
- DSC and DIN for directors.
- Drafting the MoA and AoA with producer company objects.
- Filing SPICe+ with the MCA and obtaining the certificate, PAN and TAN.
- Post-incorporation: bank account, auditor appointment and scheme registrations.
Annual compliance
Annual general meeting, audited accounts, annual return and financial statements with the ROC, income tax return, and internal audit where the Act requires it. Many producer companies also apply under government FPO schemes; we help prepare the financial documents those schemes ask for.
Frequently asked questions
Can non-farmers be members?
Membership is limited to producers and producer institutions. Others can support the company through services or as experts on the board in the manner the Act allows.
How are profits shared?
Surplus is distributed with regard to members’ patronage (business done with the company), not only shareholding, as the Act and articles provide.
Is an audit compulsory?
Yes. Like other companies, a producer company must have its accounts audited every year.
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