Producer Company Registration & Compliance in India
📌 What is a Producer Company?
A Producer Company is a corporate entity formed under the Companies Act, 2013 (Part IXA, Sections 465–482), designed to facilitate collective activities of farmers, growers, producers, or primary producers. It enables them to aggregate, process, market, and manage resources efficiently while maintaining limited liability for members.
📌 Key Features of a Producer Company
- Formed by 10 or more individuals or institutions engaged in agriculture, dairy, poultry, fisheries, forestry, or allied sectors.
- Functions as a corporate entity with limited liability for its members.
- Can issue equity shares or bonus shares, but profits are primarily utilized for members’ benefit.
- Can engage in production, harvesting, procurement, processing, marketing, storage, export, and sale of primary produce.
- Governed by Part IXA of the Companies Act, 2013, and rules notified under the Producer Companies (Incorporation) Rules, 2020.
- Eligible for government schemes, subsidies, and financial support under various agricultural and cooperative programs.
📌 Eligibility Criteria for Producer Company Registration
- Minimum 10 individual members or 2 institutions (or a combination) eligible to become members.
- Members must be engaged in primary production or allied activities.
- Draft Memorandum of Association (MoA) and Articles of Association (AoA) complying with Section 465 and 466 of the Companies Act, 2013.
- Must obtain Director Identification Numbers (DIN) and Digital Signature Certificates (DSC) for directors.
- Registered office must be within India.
📌 Documents Required for Producer Company Registration
- Identity and address proof of members and directors.
- Proof of registered office (utility bill/rental agreement).
- MoA and AoA detailing objectives and operations.
- Board resolution approving incorporation.
- Director declarations (Form DIR-2, INC-9).
- NOC from property owner if the office is rented.
📌 Advantages of a Producer Company
- Limited Liability: Members are liable only to the extent of their shareholding.
- Collective Bargaining Power: Better procurement, marketing, and sale of produce.
- Profit Utilization: Surplus profits are reinvested for members’ benefit, ensuring sustainability.
- Professional Management: Enables bookkeeping, accounting, and statutory compliance similar to corporate entities.
- Access to Funding & Schemes: Eligible for government grants, subsidies, and credit facilities.
- Legal Recognition: Incorporated under Companies Act, 2013, with perpetual succession.
📌 Our Producer Company Services Include
Incorporation & Licensing:
- Drafting MoA and AoA in compliance with Part IXA, Companies Act, 2013.
- Filing application for incorporation with Registrar of Companies (RoC).
- Assistance with DIN, DSC, and director filings.
- Preparation of board resolutions and statutory documentation.
Post-Incorporation Compliance & Accounting:
- Bookkeeping and accounting as per Companies Act, 2013.
- Preparation of annual financial statements and statutory registers.
- Filing annual returns and financial statements (Form AOC-4, MGT-7).
- Advisory for audits, tax compliance, and fund utilization.
- Representation before regulatory authorities if required.
Governance & Advisory:
- Guidance on proper fund management, profit utilization, and member benefits.
- Advisory on eligibility and application for government schemes or subsidies.
- Compliance monitoring to ensure smooth operations and avoid penalties.
📌 Why Partner With India Stat Filing
- Expert team with experience in Producer Company incorporation and post-incorporation compliance.
- End-to-end support from registration to bookkeeping, accounting, statutory filings, and audits.
- Ensures compliance with Companies Act, 2013 (Sections 465–482) and other applicable regulations.
- Transparent updates and guidance on operational and financial matters.
- Helps members focus on production and growth while we handle regulatory and administrative obligations.
📌 Our Commitment
India Stat Filing ensures your Producer Company is legally incorporated, professionally managed, and fully compliant. From documentation and registration to bookkeeping, accounting, and statutory filings, we manage the entire process so you can focus on enhancing your members’ productivity and profitability.
📞 Get Started Today
Form your Producer Company with India Stat Filing and gain professional, end-to-end support for incorporation, compliance, accounting, and governance.