Producer Limited Company Registration in India
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Overview
Benefits of Producer Limited Company
A Producer Company is formed with the primary objective of engaging in activities related to the production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members, or import of goods or services for their benefit. The term “Produce” refers to things that have been produced or grown, especially in farming. This means that a Producer Company primarily focuses on agricultural activities and post-harvest processing.
Legal Recognition
Registering as a Section 8 Company provides legal recognition to your NGO, demonstrating your commitment to social causes and enhancing credibility among stakeholders, donors, and beneficiaries.
Tax Exemptions
Section 8 Companies are eligible for various tax exemptions, including income tax exemptions on income utilized for charitable purposes, donations received, and property owned by the organization.
Limited Liability
Members of the Section 8 Company enjoy limited liability protection, ensuring that their personal assets remain separate from the organization's debts and obligations.
Perpetual Existence
Section 8 Companies have perpetual existence, allowing for the continued pursuit of charitable objectives, even with changes in members or directors.
Minimum Requirement
Minimum requirement to incorporate a Private Limited Company
- Memorandum of Association (MOA) and Articles of Association (AOA): These documents outline the objectives, rules, and regulations of the Section 8 Company and must be prepared and submitted during the registration process.
- Address Proof: The registered office address must be verified through valid address proof documents.
- Directors: A Producer Company must have a minimum of five directors, and all directors must be individuals who are above 18 years of age. They play a crucial role in guiding the activities and strategic decisions of the company.
- Members: To form a Producer Company, a minimum of ten eligible primary producers or two producer institutions or a combination of both is required. These members should be directly engaged in agricultural activities or associated with the production of primary produce.
Require Documents
Documents for registration of a Private Limited Company
- Pan Card
- Aadhar Card
- Electricity Bill
- Passport size photograph
- Bank statement / Utility bill
- Address proof for office
- Memorandum of Association (MOA) and Articles of Association (AOA)
Process
Process for Registration of a Private Limited Company
Obtaining Digital Signature of the Director / Members
Name application for Producer Company
File the incorporation documents, including MOA, AOA
Apply for PAN and TAN Application
Obtain Certificate of Incorporation
Our Package
What you will get in package
- Limited Registration
- MoA Agreement Drafting
- 2 Digital Signatures
- DIN Number for 2 Directors
- 1 Name Approval Application
- Company PAN Card
- Company TDS / TAN Number
- Master File
Most Asked Common Questions
If you any questions please follow the FAQ’s or contact to our support team
What is a Producer Company?
A Producer Company is a legal entity formed for agricultural activities, post-harvest processing, and marketing of primary produce.
What is the objective of a Producer Company?
The objective is to engage in production, procurement, marketing, and import/export activities for the benefit of its members.
How many directors are required for a Producer Company?
A minimum of five directors is required, all of whom must be individuals above 18 years of age.
Who can become a member of a Producer Company?
Eligible primary producers and producer institutions can become members of a Producer Company.
What documents are required for Producer Company registration?
Documents required include DIN and DSC for directors, MOA, AOA, and valid address proof for the registered office.
The process involves obtaining DIN and DSC, reserving a unique name, filing incorporation documents, and obtaining the Certificate of Incorporation.
Documents required include DIN and DSC for directors, MOA, AOA, and valid address proof for the registered office.
What are the compliance obligations for a Producer Company?
Documents required include DIN and DSC for directors, MOA, AOA, and valid address proof for the registered office.
What are the compliance obligations for a Producer Company?
Compliance includes filing financial statements, conducting annual general meetings, maintaining books of accounts, and adhering to taxation regulations.
an a Producer Company raise capital and attract investors?
Yes, a Producer Company can raise capital by issuing shares to its members and attract investors interested in supporting agricultural ventures.
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