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Table of Content

Overview

Lost navigating the rough waters of registering your Producer company?

YOU CAN NOW REGISTER YOUR COMPANY AT AFFORDABLE PRICES!

Setting your Producer Company is now made easy with Company Adda. This type of company deals primarily with the produce of its active Members. It allows to carry on activities by itself or through other entities – on behalf of the members. Want to work with primary produce? We will take care of all your legal formalities like Name Approval Certificate, Drafting of MoA & AoA, a Company Incorporation Certificate (CoI), PAN and TAN, Import Export License (IEC), Udyog Aadhaar, ITRs, copyrights, patents, and the compliances mandated by the Indian Government. All you will have to do is to gather your team of producers and start the company of your dreams.

Benefits

Benefits of Producer Company Registration

1. Limited Liability

Members are not to be held responsible for business losses. The liability is limited just like any other company.

2. Separate Legal Entity

Since legally created, the company is a juristic and separate legal entity, different from its founders.

3. Credible Form of Business

It provides better recognition and offers several cooperative advantages to its stakeholders for the farming and producing activities.

4. Credit to Producers

A short term credit without any surety to the member producers for a period not exceeding six months to carry out the business activities can be provided by the producer company.

5. Tax Advantage

This type of company offers a huge tax benefit. The agricultural activities are 100% exempt, while other activities of the producer company like tea production, there is an exemption of 60%.

6. NABARD Support

The NABARD has set up a dedicated Producer Organisation Development Fund (PODF) to extend the financial support for credit facilitation, capacity building and market linkage support.

7. Formal Management

The overall legal framework of the producer company is managed by Companies Act, 2013.

8. Loan & Advances

To extend long term credit to its producer members, the producer company can extend long term loans or advances against a surety for a period of up to seven years.

Checklist

1. Shareholders:

A minimum of 10 members are required who must be the “primary producers”. Apart from the individual producers, a producer company can also be formed by a minimum of 2 producer institutions.

2. Directors:

A minimum number of 5 directors and a maximum of 15 are required to start a producer company.

3. Capital Requirement:

A minimum of Rs. 5 lakhs is mandated to start a Producer Company.

4. New & Unique Name: We can help you find a unique and eligible name for your proposed company. The name of the producer company shall end with “Producer Company Limited”.

How to register?

Process of Producer Company Registration

Step - 1: Documentation for Producer Company Registration

The first step is to keep your essential documents like PAN, ID, and address proof ready for all the members, along with proof of the company's registered address.

Step - 2: Select Name of New Private Limited Company

The name of your company should be unique and must not violate any copyrights or trademarks. We will help you not only in coming up with a creative name to fit your firm, but also by conducting a detailed search in the MCA and Trademark database for a possible match of the name.

Step - 3: DSC for All Promoters of the Company

A DSC (Digital Signature Certificate) is the first step in registering a producer company. The application for registration of the producer company is filed electronically with the digital signature of the promoters.

Step - 4: Name Approval for Company Registration

The name of the company must be approved by law. In order to get the approval, an online run application for company name registration is filed. The ROC generally disposes of the application for name availability within 1 to 2 days.

Step - 5: Filing of Spice Plus Form to ROC

Once the name is approved, the Spice Plus form is submitted to the ROC along with the promoters document and a proof of the registered address. MOA & AOA are mandatory attachments of the Spice Plus Form.

Step - 6: Issue of the Certificate of Incorporation

The Certificate of Incorporation is issued after the filing of the Spice Form. It is the ultimate step in completing the registration process for a Producer Company. The PAN and TAN numbers are allotted at the time of incorporation of the producer company.

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Documents Required

List of Documents Required For Company Registration

Documentation is the first and most vital step in setting up your company. You must ensure the availability of the following documents for a smooth registration process. Please submit self-attested copies of the documents that are clear and valid.

Documents Required

Documents required for producer company Registration:

PAN Card/ Passport/ Election ID Card of all the directors and shareholder
Latest Bank Statement
Voter's ID/Driver's License/passport of all the directors and shareholders
Passport-sized photographs of all directors and shareholder
Copy of any Utility bill as a residential proof
In case of rented property a scan copy of Rent agreement along with NOC from the owner
In case of owned Property, a copy of Property Papers.

How can we help in registering

We help by providing a transparent and smooth registration process, including, but not limited to,

DSC for the members
Name Approval Certificate
Drafting of MoA & AoA
Selecting new name
Company Incorporation Certificate
Company PAN and TAN

Why Companyadda

Hiring a personal CA or CS is costly for new companies. Considering all the additional expenses that come with opening any company, we offer an alternative to you to get your producer company registered with our help on an online professional service platform. We care, therefore we understand your dreams and make it our goal to fit your needs.

Types Of Government Registrations

	Pvt. L.td Company (PLC)	Limited Liability Partnership (LLP)	One Person Company (OPC)
Ideal For	Businesses having high turnover, startups in need of external funding	Service oriented businesses, businesses with low investment needs	Proprietors looking to limit their liability and have 100% control
Min. no. of members	2	2	1
Compliance	High	Low	Moderate
For raising capital	Easy	Moderate	Difficult
Offers ESOP to employees	Yes	No	No
Dividend Distribution Tax (DDT)	Yes	No	Yes

Find experts for all your needs

Legal

Your documents, contracts, and registrations handled by expert lawyers.

Tax

Filing returns and paying your taxes – made easier for you.

Compliance

Our chartered accountants & company secretaries will keep your books in order.

Bank

We will help you with opening an account for your company.

Trademark

Get rid of all your Copyright and Trademark related worries. Our creative professionals will find you a unique company name.

Drafts and Forms

Frequently Asked Question

Do I have to be present in-person for the registration of my company?

No, since the incorporation of the company is an online process, you don’t need to physically visit to our offices

How do I open a Bank Account for my Company?

To open the Bank Account of your Company, we will help you with all the documents. You need to submit the Certificate of Incorporation, a copy of MOA & AOA, Copy of ePAN and the KYC document of the directors. You’d also need to provide the proof of the registered address and the board resolution.

Is it possible to register a company online?

Yes, even the Pvt. Ltd. company registration fee is payable online to the ROC. The memorandum and articles of the company are filed digitally. After the registration of the company, PAN card is allotted by the income tax department. The entire process is online.

What is the minimum capital required to register a Private Limited Company?

There is no minimum capital required for starting a private limited company.

Is GST registration mandatory at the early stage of business?

GST Registration is required if the turnover of the business crosses the threshold limit or when the company does an inter-state supply. If registered for GST, filing of regular returns is mandatory.

Can a Private Company carry multiple businesses?

Yes, a company can carry multiple business activities if it is mentioned in the company's MoA and approved by the ROC, as long as they are related in nature. Completely unrelated business can't be done in the same company.

Do I need to take a NOC for a registered address? What is the format of NOC?

Before a company occupies any premises as its registered address, a no-objection certificate must be obtained from the owner of the premises. Similarly, at the time of filing for company registration, we need a NOC from the current owner of the premises along with the proof of ownership.

Is there any minimum qualification prescribed to become a shareholder or director?

No, there is no educational qualification required to become a shareholder or director.

Is it possible to change the registered office address of the company after incorporation?

Yes, the registered address of a company can be changed easily within the same city by filing form INC-22 to the ROC with proof of new address and NOC.