Producer Company Registration
"Producer Company” means a body corporate having objects or activities specified in section 581B and registered as Producer Company under the Companies Act, 1956. Producer Company is an organization registered under the Companies Act, 2013, which has the objective of creation, gathering, acquisition, grading, pooling, dealing with, publicizing, offering, export of primary production of the Members or import of products our services for their benefit. Deliver are things that have been created or developed, especially by cultivating. Therefore, a Producer Company bargains essentially with agriculture and post-harvest processing activities.
More than 85% of the Farmers in India are small and marginal agriculturists with arrive possessions of under 2 hectares. This fragmentation in agriculturists and farmlands prompts to disorganization and it isn't feasible for Indian ranchers to adopt the latest technologies. By the organization of these agriculturists into producer organization, economies of scale can be unlocked and the livelihood of farmers can be improved. Thus the concept of Producer Company is aimed at empowering farmers by creating clusters of agriculturists organized as a Producer Company.