+91 416 2241199
#23,8th East Main Road,Gandhinagar, Katpadi, Vellore
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Producer Company Registration

Producer Company means a body corporate having objects or activities as specified and registered as producer company under the act. It is a group of people involved in the production of primary produce or having one or more objectives relating to primary produce.

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What is a Producer Company?

Producer Company means a body corporate having objects or activities as specified and registered as producer company under the act. It is a group of people involved in the production of primary produce or having one or more objectives relating to primary produce. In a producer company, you can make agriculturist members and accept deposits in form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them.
Main Objectives

  • Facilitate the formation of co-operative business as companies
  • Make it possible to convert existing co-operative business into companies.
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Advantages

Easy Management

The Board of a producer company can be easily changed by filing simple forms with the Registrar of Companies. The Board controls the activities of the producer company.

Borrowing Capacity

Producer Company enjoy better avenues for borrowing of funds when compared to other forms of business such as sole proprietorship and partnership.

Business Continuity

A producer company has ‘perpetual succession’, that is uninterrupted existence until it is legally dissolved. A producer company is unaffected by the death or other departure of any member.

Separate Legal entity

A producer company is a legal entity and a juristic person established under the Act. Therefore, a producer company has wide legal capacity and can own property and also incur debts.

NABARD Loan

NABARD has taken up the cause of supporting and to meet the needs of Producer Companies.t set up a Rs. 50 crore Producer Organisation Development Fund (PODF) in 2011./p>

Limited Liability

Personal assets of the shareholders will not be at risk, in the event of the company facing financial distress. Liability of the shareholder is limited to the unpaid amount on his shareholding.

Pre-requisites for Incorporation of Producer Company

Number of Producers


10 or more Producers / 2 or more Producer Institutions can form a Producer Company But there is no upper limit on the number of members.

Minimum Required Capital


A minimum capital of Rs. 500,000 is required to incorporate a producer company.

Number of Directors


There should be minimum 5 directors (maximum of 15) in a producer company.

Producer Company Registration

We Serve Everywhere

Thewealthbridge.in is web portal of the Virutchamwealth Bridge Private Limited is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Vellore,Tamilnadu, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe

Step 1. Income tax

We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.

Step 2. Business Licenses

Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses

Step 3. Financial Services

we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights

Step 4. GST Returns

We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN

What are the Documents required for Formation of Producer Company?

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What Includes in this package?


  • Verification of Documents
  • DSC and DIN for 3 Directors
  • Name approval and ROC fees
  • Drafting MOA & AOA
  • Following until Certificate is allotted
  • Applying PAN & TAN

Process

What is the process for Producer Company Registration Online?

Applying DIN&DSC

DSC and DIN for all directors are required.Affidavit and declaration by first subscribers and Directors should be prepared

Name Approval

4-6 proposed names should be provided that should be unique and suggestive of company business.

MOA,AOA&AFFIDAVIT

Memorandum and Articles of Assocication should be drafted. Affidavit and declaration by first subscribers and Directors should be prepared

Company Registered

Once your Company is Incorporated. Incorporation Certificate will be issued

Producer Company Registration Online In Bangalore

FAQ


Any person above 18 years can become a director. Non-residents can also become director of Indian companies.
ID proof and residence proof of all the proposed directors, PAN card is mandatory for Indian nationals. No objection certificate from the owner of registered office or lease agreement must be produced.
Digital signature is process to authenticate and validate records electronically. DSC is required for every director of the company as the Ministry of Corporate Affairs (MCA) mandates digital signature of directors on some documents.
Authorized capital of a Company is the amount of shares a company can issue to its shareholders. Companies have to pay authorized capital fee to the government so as to be able to issue shares. Companies have to pay authorized capital fee for a minimum of Rs.1 lakh.
he PC intervention takes care of all that needs to be done and should be done locally, using their members and the local communities to add value, provide services, increasing their incomes, etc. The IPC could be located at the district, state, national or even to serve a few countries in the area, requiring sizable investments, eg a plant to
A private limited company must have a minimum of 2 directors while the maximum no. of directors can be upto 15.
Company’s proposed name should be unique i.e., it should not be identical to any existing name. Names that infringe others’ rights, trademarks or patents are likely to be rejected by ROC
DIN is a unique identification number which is allotted to all the directors existing or proposed. DIN can be obtained by filing e-form DIN1 in MCA portal.
Every Producer Company must hold a board meeting atleast once in every three months and an Annual general meeting (AGM) every year.
Producer Company Registration Online In Bangalore

About Wealth Bridge

We Help You To Form Your Company In A Simple Way Wealth Bridge Will Making More Possibilities which aims at providing much-needed funds to businesses across the trading and service industry

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Head Office

2nd Floor, #23, 8th East Main Road
Gandhinagar, Katpadi, Vellore

(+91) 416 2241199
(+91) 86677 53901

infowealthbridge@gmail.com
www.thewealthbridge.com

Branches

ARAKKONAM OFFICE

# 10/1, Thiruthani High Road ,

Upstairs to Central Bank ,Jothi Nagar,

Arakkonam , TamilNadu - 631003

Phone:+91 6381184522 , +91 8012747723.

RANIPET OFFICE

No 126, MBT Road, Mahaveer Complex,

First Floor, Muthukadai,

(NearDarling bakery) Ranipet - 632401

Phone : +91 417 2295006 +91 86675 42148