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Agriculture is the backbone of India. On 5th July 2019, the central government announced a plan to promote 10,000 new farmer producer companies over the next five years. The Producer Company provides cooperatives with the legal and regulatory framework that enables producer-owned businesses to compete in the modern marketplace. A Producer Company enjoys greater credibility compared to unregistered farmers/agricultural organizations. In addition, it has unlimited rights to accept deposits from members or grant loans at reasonable interest rates.
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A producer company provides its member with unique legal personality as compared to other unregistered farmers or group of agriculturists, a producer company provide more credibility to farmers
board of management of producer company can change easily by filing some simple form with the concerned roc
the amount for the goods collected and delivered by members of producer company is determined by the director of company resulting in better price. members also get bonus shares in proportion to the equity shares
PAN CARD of Directors and Members
Passport If NRI or Foreign National
Aadhar/Driving License/Voter Id of Directors and Members (As identity Proof)
Bank Statement/Electricity or Gas Bill/Telephone or Mobile Bill (As Address Proof)
Passport Size Photograph of Directors and Members
Business Address Proof:
Electricity Bill/Water Bill (Latest)
If Rented: Rent Agreement and NOC from the Property owner
If Owned: Copy of Property Papers
Note : *In case of NRI or Foreign National the documents of Directors and Shareholders must be Notarized or Apostilled.
No, a Producer Company cannot raise capital from the public. It can only raise capital from its members and through borrowings from banks and financial institutions.
A Producer Company is required to file an annual return with the Registrar of Companies, hold an annual general meeting, keep proper books of account and get its accounts audited if its turnover or paid-up capital exceeds certain thresholds.
No, a Foreign National cannot be a member of a Producer Company. Only Indian citizens and residents are eligible to become members of a Producer Company.
A Producer Company is required to get its accounts audited if its turnover or paid-up capital exceeds certain thresholds.
No, a Producer Company cannot raise capital from the public. It can only raise capital from its members and through borrowings from banks and financial institutions.
A Producer Company is required to file an annual return with the ROC and hold an annual general meeting. In addition, the company is required to keep proper books of account, and to get its accounts audited if its turnover or paid-up capital exceeds certain thresholds.