Producer Company Registration with Firm Registration

In India, agriculture and allied activities are the backbone of the economy, and empowering farmers and producers is vital for sustainable growth. One of the most effective ways to achieve this is by forming a Producer Company. It allows farmers, artisans, and producers to come together, work collectively, and reap better profits.

If you're looking to start a Producer Company, Firm Registration can make the process simple and hassle-free. This guide will help you understand Producer Company Registration and how Firm Registration can assist you in the journey.

What is a Producer Company?

A Producer Company is a special type of company in India designed for farmers, producers, and agriculturists. It allows producers involved in agriculture, farming, handlooms, forestry, animal husbandry, and similar sectors to collaborate for better production, harvesting, and marketing.

It is governed under Section 581B to 581ZT of the Companies Act, 1956, and continues to be valid under the Companies Act, 2013.

Key Features of a Producer Company

• It must have at least 10 members (individual producers) or 2 producer institutions as shareholders.

• The company must deal with primary production activities like farming, forestry, animal husbandry, or handloom production.

• It functions like a private limited company but can never be converted into a public company.

• The main aim is to benefit its members rather than maximize profit.

Benefits of Registering a Producer Company

Collective Growth

By joining hands, producers can access better tools, technology, and markets.

Limited Liability

Members are protected from personal liability beyond their shareholding.

Government Support

Producer companies often enjoy financial aid, tax benefits, and subsidies.

Better Access to Credit

Banks and financial institutions offer loans at lower interest rates to producer companies.

Profit Sharing

Members earn profits through bonuses, dividends, or patronage bonuses.

Documents Required for Producer Company Registration

1. Identity Proof – Aadhaar Card, PAN Card of all members and directors

2. Address Proof – Utility bill or bank statement (not older than 2 months)

3. Passport Size Photos – Recent photographs of all members

4. Registered Office Address Proof – Rent agreement/ownership proof and NOC from the property owner

5. Director Identification Number (DIN) – For all proposed directors

6. Digital Signature Certificate (DSC) – For signing electronic documents

7. Memorandum of Association (MOA) and Articles of Association (AOA)

Step-by-Step Process of Producer Company Registration with Firm Registration

1. Consultation and Documentation

• Firm Registration will guide you on the required documents.

• Gather identity proofs, address proofs, and business details.

2. Apply for a Digital Signature Certificate (DSC)

• DSC is needed to sign online documents. Firm Registration will assist in applying for it.

3. Director Identification Number (DIN)

• Apply for DIN for all directors through the Ministry of Corporate Affairs (MCA).

4. Name Reservation

• Choose a unique name for your Producer Company.

• Firm Registration will file a RUN (Reserve Unique Name) form to secure the name.

5. Drafting MOA and AOA

• Draft the company’s objectives (MOA) and rules (AOA).

6. Filing Registration Forms

• File SPICe+ Form (INC-32) along with MOA and AOA to the MCA portal.

7. Certificate of Incorporation (COI)

• Once approved, you will receive the Certificate of Incorporation, confirming your Producer Company is officially registered.

8. PAN and TAN Application

• Apply for the company’s PAN and TAN for tax compliance.

9. Open Bank Account

• Open a company bank account to begin financial operations.

Why Choose Firm Registration for Producer Company Registration?

Expert Guidance

Firm Registration has a team of experts familiar with company laws and government policies, ensuring a smooth process.

Time-Saving Process

Their streamlined procedures help you register your company quickly without hassle.

Affordable Packages

Get cost-effective registration services with no hidden charges.

End-to-End Support

From documentation to getting your Certificate of Incorporation, Firm Registration handles everything.

Legal Compliance Assistance

Stay updated with legal requirements and compliance regulations to avoid penalties.

Cost of Producer Company Registration in India

The registration cost varies depending on the number of members and services required. Generally, the cost covers:

• DSC and DIN fees

• MCA form filing fees

• Stamp duty (varies by state)

• Professional fees for drafting MOA and AOA

Firm Registration offers competitive pricing with customizable packages to fit your needs.

Post-Registration Compliance for a Producer Company

1. Conduct Annual General Meetings (AGMs)

2. Maintain Proper Financial Records

3. File Annual Returns and Income Tax Returns (ITR)

4. Audit Financial Statements Annually

Firm Registration ensures that your company stays compliant with all government norms.

Conclusion

Starting a Producer Company is a great way to empower producers, farmers, and artisans to grow together and build sustainable businesses. With Firm Registration by your side, the complex legal process becomes simple, fast, and affordable.

From paperwork to compliance, Firm Registration provides end-to-end support, helping you focus on what matters most—growing your business.

Start your Producer Company today with Firm Registration and unlock new opportunities for collective success!