Under the provisions of Section of the Companies Act, 2013, Incorporated Private Limited Companies have the opportunity to register as Producer Companies. We provide comprehensive services for the online registration of producer companies here at Tax Curv. Our packages are all included and very reasonably priced, and we cover every step of the process. Our services are efficient, uncomplicated, and conducted in the utmost professional manner. They are delivered to you by a committed team of CA, CS, and paralegal professionals that have more than 18 years of expertise in Company Incorporation and services associated to it​​

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What is the meaning of a Producer Company?

A producer company is a hybrid business structure that combines the most beneficial aspects of a cooperative society with a limited liability corporation. It provides its member producers with collective advantages inside a sturdy and clear-cut legal framework. In India, the registration of a Producer Company is open to only those commercial enterprises that are already established as Private Limited Companies. However, the names of these firms must conclude with the words "Producer Company Limited" in order for them to be legally recognised as corporations. In India, individuals and organisations who take part in Primary Production activities have the ability to band together and establish a Producer Company. You may learn more about the comprehensive list of activities that a member of the Producer Company is allowed to participate in by clicking here.

 

Key decisions to be taken before starting a Producer Company?

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• What would the proposed business activities be?

• What amount of capital must be invested?

• What benefits will be offered to the members?

• Who would be the first directors of the company?

• What should be the name of the company?

• What should be the registered address of the company?

 

Checklist for Producer Company Registration

 

Businesses who have their sights set on being registered as Producer Companies are required, according to Section 465 (1) of the Companies Act of 2013, to first satisfy a number of requirements that are considered to be prerequisites. These restrictions pertain to the company's name, location, capital, and number of members and directors, as well as the total number of members and directors. In the following table you'll find a comprehensive listing of all of these legally obligatory requirements in their respective detail.

 

Checklist for Registering a Producer Company

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• At least 10 producer individuals or at least 2 producer institutions as members

• At least 5 directors

• A minimum capital of Rs.5 Lakhs

• A unique name ending as “Producer Limited Company”

• A registered address for the principal place of business or the main office