Producer Company Registration

Team of Primary Produces willing to collaborate for Mutual Benefit. Together you can achieve more!

We take pride in the work you do. This is a great option for similar producers to come together and succeed!

₹ 0 + Actual govt fees
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Plus get full support to make your Business Successful
Tools to create effective digital presence
Automated Tools to help you Retain Customers
Learn how to comply & avoid penalties

Our Formation Packages

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FREE
+ Additional Govt Fees
₹7,999+GST
+ Additional Govt Fees
₹22,999+GST
+ Additional Govt Fees
Tutorial Videos to Register business yourself
Tutorial Videos to Register your business yourself (Lifetime Access)
Entrepreneur Success Training
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Accounting and Invoicing Software
Create & Send Invoices to your clients & get accounting done with ease.
Accounting, Invoicing and Compliance Training
Accounting training to know what are the important compliances, How to use our accounting and invoicing software and collect online payments
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Chatbot, Whatsapp, Email, Social Media Automation Software
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Professional Consultation
Consultation with Professional Chartered Accountant or Company Secretary
Incorporation Certificate, MOA, AOA, PAN, TAN
We will provide the incorporation certificate, Memorandum, Articles, PAN, TAN
Social Media Presence
We will setup your Google my business, Facebook and Instagram page
Web Presence
We will provide you with a domain name, website and a professional business email
Setting up your accounting process
We will help you in setting up your accounting process
Accept Online Payments
Along with the website, get Payment Gateway Setup to accept online payments from your customers
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What is a Producer Company?

A producer company can be defined as a legally recognized body of farmers/ agriculturists with the aim to improve the standard of their living and ensure a good status of their available support, incomes and profitability. Under Companies Act 1956, a Producer Company can be formed by 10 individuals (or more) or 2 institutions (or more) or by a combination of both (10 individuals and 2 institutions) having their business objective as one of the following:
production, harvesting, procurement, grading, pooling, handling, marketing, selling, the export of primary produce of the Members or import of goods or services for their benefit.

Why is it important to register a producer company?

A registered producer company can easily aquire and sell property in its own name. Further is it qualified to accept deposits or give loans to the farmers at a reasonable rate of interest. Also, it is eligible to accept deposits in the form of FD (Fixed Deposits) or RD (Recurring Deposits).

Procedure for Producer Company Registration


1. Application for the approval of Name by filing RUN (Reserve Unique Name) form with the ROC.
2. Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) by filing the SPICE form.
3. Drafting MOA and AOA.
4. After verifying of the documents, a certificate of Incorporation is issued by the ROC .

What are the types of Producer Company?

Production Businesses, Marketing Businesses, Technical Service Businesses, Financing Businesses, and Infrastructure Businesses relatable to Primary produce are the five types of Producer Companies found in India.

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Documents Required For Producer Company Registration

For Directors

  • PAN (Permanent Account Number) of all proposed directors (Self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed Directors. (Self attested)
  • Latest passport size Photographs of all directors.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 Month (Self attested)

For Share Holders

  • PAN (Permanent Account Number) of all proposed Share Holders (self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed ShareHolders (Self attested)
  • Latest passport size Photographs of all Share Holders.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 month (Self attested)

For Registered Address

  • Electricity Bill along with Rent Agreement OR Ownership proof and NOC

Others

  • INC 14
  • INC 15
  • Projected Income and Expenditure Account
  • Grounds for making application

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Benefits of Producer Company

Limited liability and separate legal entity

The formation of a producer company provides its members with a separate legal entity and restricted liability.

Own a property and Invest

Registered farmer company has the legal ability to sell or own property. It can also invest in FDs, shares and securities as per Rule 5 of Producer Companies Rule 2021. These investments are mainly in Govt. and other co-operative societies or bank.

Ease in management and registration.

It is easy to register as a producer business, and the company can make changes to the Board of Management by filing a few basic paperwork with the concerned ROC.

Acceptance of Deposits.

A registered company can accept deposits in the form of fixed or recurring deposits. Other than that they can also disburse the loan to the members and farmers at a very reasonable rate of interest.

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Why FoundersCart exists?

Now, more than ever, the world needs entrepreneurs. They are the ones who take risks to achieve their dreams. They have the power and courage to change lives.


But here is the biggest challenge entrepreneurs face!

It's tough to know where to start, what resources are available, and how to take the business idea from concept to reality.

The journey is full of challenges , there is a lot of competition, and the odds are stacked against survival.

Keeping entrepreneurial moral is difficult, statistics say over 80% entrepreneurs quit within the first two years.


FoundersCart was created by a team of Chartered Accountants with an Idea to help entrepreneurs overcome these challenges.
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So if you have an entrepreneurial spirit, now is the time to put it to good use. The world needs your ideas, your energy, and your passion. Together, we can make a difference.

Frequently asked questions

How many Directors are needed to incorporate producer company?

A minimum of 5 and a maximum of 15 directors are needed to register a Producer Company in India.

What are the requirements to start a producer company?

The basic conditions to incorporate a producer company are 10 or more individual, 2 or more institutions, or a combination of both.

What are the tax benefits of producer company?

One of the significant tax benefits to a producer company is that the agricultural income earned is fully exempt, as per section 10(1) of the Income Tax Act, 1961.

Do I need to be personally present to register a producer company?

No, there is no need for you to be physically present at our office to register a Producer Company as the entire registration process is online based. All you need to submit the necessary documents as required in the portal.

Is producer company - private or public?

On registration the Producer Company shall become a body corporate as a Private Company only and shall not under any circumstances deemed to be a Public Company.

Is creating General Reserve compulsory

Every producer company has to maintain a general reserve in every financial year and in case there are not sufficient funds in any year for such transfer, the shortfall has to be made up by members' contribution in proportion to their *patronage in the business.

Can Shares be publicly traded?

The share capital of a Producer Company shall consist of equity shares only.Members' equity cannot be publicly traded but only transferred.

The list of activities that Producer company can do


1) Under take primary activities like harvesting, marketing selling, exporting etc. for the benefit of members.
2) Activities linked to primary product like preserving, drying, brewing etc,
3) Deal in machineries that are linked to primary product. Include both manufacturing and selling.
4) Provide education, technical services, consultation etc for promotion of interest of its members
5) Generation, transmission, distribution of power, revitalization of land and water resources, and conservation relatable to primary product
6) Insurance of producers or their primary product
7) Financing of procurement, processing marketing or other activities specified in

The time is now for you to take the next step in growing and expanding your business. Are YOU ready?

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