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 A Producer Company is that kind of company which is formed by 10 or more individuals who deal in agricultural produces or post-harvest processing activities. So, This is a legally recognized bunch of farmers who want to improve their incomes, standard of living and many more. This company is also registered under the Companies Act, 2013.

In a Producer Company, you can appoint Agriculturist members and accept deposits in the form of RD and FD. Through this, we allow them a maturity as well as distribute loans to your farmer members and charge interest from them.  The minimum paid-up capital is 5 lakh rupees. For Producer Company, a maximum of 15 Directors, a minimum of 5 Directors, a minimum of 10 Individuals or 2 Producer Institutions are required. There is no limit to the number of members. If you want to register for a Producer Company, you can contact our Tradenfill advisor by mail: info@tradenfill.com or you can also call at +91-9654 533433.

PRODUCER COMPANY

Reasons to Register for a Producer Company

There are many reasons behind to register  like;

  1. It’s completely a separate legal entity.
  2. Management is so easy.
  3. Have an Uninterrupted Existence.
  4. Owning Property.

Process and Formalities  

The procedure of registration of New Producer Company like;

  1. Acquire Director Identification Number (DIN).
  2. Acquire Digital Signature Certificate (DSC).
  3. If you are a new user, then you have to register and create an account.
  4. Apply for the company to be registered.

Benefits of the Registration of Producer Company

The advantages of the registration are:

  1. It’s a separate legal entity offering limited liability and perpetuity.
  2. These Companies offer greater credibility than that provided by unregistered producer’s organization.
  3. By filling some simple forms with ROC, the changes in the Board of Management of a  Company can easily and swiftly be made.
  4. A registered company has a right to own, sell a property on his or her name.
  5. These companies can accept a deposit in the form of RD/FD give maturity along with distributing loans to its farmers/ agriculturist members and also charge reasonable interest from them.
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