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Producer Company Registration

    Producer Company Registration

    Basically, a producer company is a company registered to deal with its active member’s primary activity relating to agriculture. The primary target also requires production for its consumption and exports. Part IXA of the Companies Act, 1956 is valid for the purposes of forming a producer, corporation before some separate Act for those companies is passed. A production company is registered as a producer with ten or more members; or two or more producer institutions; or a mixture thereof. The responsibility of its shareholders, like every other corporation, is limited to the extent of its members’ unpaid share capital. Under this Act, the producer, corporation is assumed to be a private limited company, but the number of shareholder threshold does not extend to the limited company.

    Minimum Requirements of Producer Company

    • Minimum 5 Directors
    • Minimum 10 shareholders
    • Minimum Rs.5 Lacs Paid up Capital

    Producer Company Registration Process

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      Documents Required for Producer Company Registration in India

      Copy of PAN card of all directors

      Copy of rent agreement ( if rented property)

      Landlord NOC

      Passport size photograph of directors

      Electricity/water Bill

      Copy of Aadhar Card

      Copy of Property papers

      Producer Proof Required

      What do you get

      DIN for all Directors

      Digital Signature For all Directors

      Name search & approval

      MOA/AOA

      Company PAN Card

      FAQs for Private Limited Company Registration

      This isn’t required. The entire process is now automated and handled online. You will receive the DIN numbers and Certificate of Incorporation by e-mail from Ministry of Corporate Affairs (MCA).

      Expect it to take 35 to 40 days to complete the entire procedure. This will, however, depend on whether you have all your papers in order and the workload of the RoC.

      Each organization has two sections to its name. The initial segment is exceptional. For instance, ‘WIPRO’ or ‘MERCEDES-BENZ’. The subsequent part portrays the business activities of the organization. For instance, ‘Lawful Solutions’ or ‘Advances’. This subsequent part should be as graphic as could reasonably be expected. The name of the organization must end with ‘Maker Company Limited’.

      Above all, all chiefs must have a character and address confirmation and rights to rehearse on the property they are working on. The proprietor of the enrolled office will likewise need to present a NoC, expressing that the organization may work from that area.

      A Digital Signature Certificate, or DSC, is issued by six certifying authorities in India (such as e-Mudhra and n-Code). It is nothing but an electronic version of a physical signature. It can be used to verify documents in the company registration process.

      All companies are legal entities by themselves. Therefore, they have a continuous existence. The only way a producer company can cease to exist (other than shutting it down voluntarily) is if the annual compliances are not met or if the creditors/courts force its closure.

      Yes, a producer company must have its books audited from its very first year. And in case turnover crosses Rs. 5 crore, it must employ a full-time company secretary to manage its affairs.