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Producer Company

What is a Producer Company?

Producer company is a corporate body of producers, farmers and agriculturists with the objective of procurement, production, harvesting, grading, pooling, handling, marketing, selling or export of the members or import of goods and services for themselves.

In simple words, this type of company is formed with the aim to improve the lives of people associated with the agriculture industry by providing them access to technology, market, credit, etc.

It is registered as a public company under the Companies Act, 2013 and must include "Producer Company Limited" as the last words of its name.

The objects of Producer Company given under Section 581B (as per the law) are as follows:

"The objects of the Producer Company shall relate to all or any of the following matters, namely

  • Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit; Provided that the Producer Company may carry on any of the activities specified in this clause either by itself or through other institution;
  • Processing including preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its Members;
  • Manufacture, sale or supply of machinery, equipment or consumables mainly to its Members;
  • Providing education on the mutual assistance principles to its Members and others;
  • Rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its Members;
  • Generation, transmission and distribution of power, revitalisation of land and water resources, their use, conservation and communications relatable to primary produce;
  • Insurance of producers or their primary produce;
  • Promoting techniques of mutuality and mutual assistanc;
  • Welfare measures or facilities for the benefit of Members as may be decided by the Board
  • Any other activity, ancillary or incidental to any of the activities referred to in clauses (a) to (i) or other activities which may promote the principles of mutuality and mutual assistance amongst the Members in any other manner;
  • Financing of procurement, processing, marketing or other activities specified in clauses (a) to (j) which include extending of credit facilities or any other financial services to its Members."

minimum requirement for Producer Company registration

  • Minimum 10 producers individuals are required to form a production company but there is no upper limit.
  • Or, at least two producer institutions are required to form a producer company.
  • Out of 10 members, 5 directors are required to incorporate producer company.
  • Minimum capital of 5 lakh rupees for producer company registration.
  • Producer company cannot be converted a public company.

Process of Producer Company registration

Register your Producer Company Online with Lawgical Station

The process of registering Producer company is complicated and involves various compliances. Our experts at Lawgical Station can simplify the whole registration process for you. Register your Producer company online in 3 easy steps:

Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your incorporation registered in 15-20 working days

Document Required for Producer Company Registration

  • Passport size photographs of the members
  • Copy of PAN Card of the members
  • Copy of Aadhar Card or Voter ID
  • Bank statement (not older than two months)
  • Proof of registered place of business like utility bill
  • No Objection Certificate from the owner of the property

Documents you'll get Post FPO Incorporation

Post incorporation of Producer company, you'll receive the following documents:

  • Certificate of Incorporation
  • Permanent Account Number (PAN) of the company
  • Tax Deduction or Collection Account Number (TAN) of the company
  • Articles of Association (AoA)
  • Memorandum of Association (MoA)
  • Director Identification Number (DIN)
  • Digital Signature Certificate (DSC)
  • EPF and ESIC registration documents
  • Company Master data

Frequently Asked Questions (FAQs)

What is an FPO, and why should farmers consider registering one? How can I register an FPO in India? What are the benefits of FPO registration for farmers? What are the key documents required for FPO registration? What are the producer company incorporation fees?

An FPO is a collective entity formed by farmers to enhance their bargaining power, access better resources, and improve agricultural productivity. Registering an FPO helps farmers benefit from various government schemes and programs, access credit, and market their produce more effectively.

To register an FPO in India, you can get in touch with Lawgical Station. Our team can complete the whole process in just 4 steps. Our team will prepare the necessary documents, including a memorandum of association and bylaws. We will apply for registration with the relevant authority, such as the Registrar of Companies for a producer company or the Registrar of Cooperative Societies for a cooperative society.

FPO registration offers several advantages, including:

  • Access to government grants, subsidies, and schemes
  • Improved access to credit and financial institutions
  • Enhanced agricultural practices through shared knowledge and resources

The specific documents needed may vary based on the chosen legal structure, but generally, you will require:

  • Memorandum of Association (MOA) and Bylaws
  • A list of members with their consent
  • Address proof of the registered office
  • Identity proof and address proof of the directors or members
  • A bank account in the FPO's name
  • Any other documents required by the registering authority.

There are costs involved in the registration process, such as government fees and professional fees if you choose to engage a consultant or legal expert. These costs can vary depending on the legal structure and location. For more information get in touch with our experts.

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