Company Registration
Producer Company Registration
A Producer Company gives farmers, agriculturists and primary producers a formal corporate structure to pool resources, access institutional credit, and market their produce collectively.
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What is a Producer Company?
A Producer Company is a hybrid structure that combines the principles of a cooperative society with the governance and compliance framework of a company. It is formed by primary producers for activities connected with production, harvesting, procurement, processing, marketing and sale of primary produce.
Key Features
Producer Membership
Membership is generally restricted to primary producers engaged in production activities.
Minimum Members
Formed by minimum 10 individual producers or 2 producer institutions.
Limited Liability
Members enjoy limited liability protection similar to a company structure.
Board Governance
Managed by a board of directors elected from among the members.
Member Benefits
Benefits and surplus are distributed based on member participation.
Primary Produce Activities
Objects are limited to production, processing and marketing of primary produce.
Advantages
Collective Bargaining Power
Helps producers negotiate better prices and improve access to inputs and markets.
Institutional Support
Easier access to institutional credit, government schemes and financial support.
Corporate Governance
Provides structured company governance with a member-first approach.
Limited Liability
Protects personal assets of individual members from business liabilities.
Business Growth
Provides a structured framework for scaling production, processing and marketing activities.
Documents Required
PAN and Aadhaar card of the proposed director(s)
Mobile number and email ID of the proposed director(s)
Electricity bill, not older than 2 months, for the registered office address
Capital structure of the company and shareholding percentage of each subscriber
A unique mobile number and email ID to be used for the company — the incorporation certificate is delivered here
Latest bank account statement of all directors, if a director does not already have a DIN
Educational qualification details of directors without an existing DIN
Passport-size photograph of all directors