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BUSINESS & COMPLIANCE

SPECIAL ENTITY

PRODUCER COMPANY REGISTRATION:

Producer Company :


The idea of Producer Company in India was introduced to allow cooperatives to work as a corporate entity under the Ministry of Corporate Affairs. In this article, we look at the method for registering a Producer Company in India, under the Companies Act, 2013. The Companies Act defines Producer as any individual occupied with any activity associated with or relatable to any primary producer .

Producer Company Registration

To register a Producer Company in India, the following individuals in any of the combination is necessary
Ten or more peoples, each of them being a producer; or
Two or more producer organizations.
A mix of at least ten or above people and producer organizations.

Reasons to Register a Producer Company:

  • Separate Legal Entity
  • Easy Management
  • Uninterrupted Existence
  • Owning Property
  • Better Credibility

DOCUMENTS FOR PRODUCER COMPANY:- (All copies of documents should be self-attested by the customer)

Identity and Address Proof:

Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals or notarized copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.

Registered Office Proof:

All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

Signed Incorporation Documents:

Signed digital signature application documents must be submitted in hard copy. Other incorporation documents signed and uploaded as soft copy.

Producer company incorporation process


The registration process for a Producer Company is then like a Private Limited Company. DSC and DIN should be obtained for the proposed first Directors of the Producer Company. When, DSC and DIN are acquired, application for name reservation can be recorded with the Registrar of Companies (ROC). The name of a producer company must end with the words "Producer Limited Company". When, name is affirmed by the ROC, application for incorporation can be recorded in the prescribed design for incorporating the Producer Company.
If the Registrar is happy with the application for incorporation of Producer Company, at that point he/she will approve the same and issue Certificate of Incorporation. Once, a producer company is incorporated, it should work like a private limited company subject to specific provisions. However, unlike a Private Limited Company, a Producer Company does not have a limit on the quantity of individuals.

Ways To Help With Producer Company

Capital Flow can do the Architect Companies registrations in 25-30 days in concern to Registrar of Companies (ROC) process

Title Authorization & License

For approval of name, we need minimum one and a maximum of six name choices which can be submitted to the government. The subject to availability, government processing time for 4 to 6 working days.

Registration Of Producer company

When we are providing a company name approval, incorporation documents must be submitted to the government at any cost along with an application for company registration for 5 to 7 days.

DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) are mandatory for the proposed director of the one person company. DIN and DSC can be also be obtained for the proposed director within 4 to 6 working days.

Benefits to Register A Producer company

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Cooperative Management

The Board members of the Producer Company can be easily exchangeable by doing small formwork with the Registrar of Companies. The Board members of a Producer Company controls the entire activities of the Producer company.

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HAVING OWN PREMISES

A company is an artificial person which can acquire its own, enjoy and isolated, property in its name. This property is owned by a company like which could be machinery, building, intangible assets, land, residential property, factory, etc.

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Successive Existence

A company has 'ceaseless', meaning successive subsistence until it is officially dissolved. A company is also a separate constitutional person, is forthright by the death or other departure of any member and continues to be in existence irrespective of the changes in the ownership

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Preferable Integrity

A Producer company enjoys preferable integrity when compared to Mutual Benefit companies. Architect companies are registered and observed by the Central Government. Mutual Benefits Organization is on the other hand governed and observed by State Governments.