Farmer Producer Company Registration in India - Procedure Under Companies Act 2013
A Producer Company is a corporate entity established under the provisions of the Companies Act, 2013, to benefit farmers and producers involved in agricultural, farming, and allied activities. The formation of a Farmer Producer Company promotes collaboration among producers for activities such as production, procurement, harvesting, grading, handling, marketing, and export of produce. This structure empowers small farmers with access to organized markets, modern technology, financial support, and fair pricing.
At YKG Corp, we offer expert consultancy services to agricultural producers, cooperatives, and small business owners to establish Producer Companies. This enables producers to boost productivity, access better markets, and improve their financial position.
Key Features of a Producer Company
- Incorporation Under Companies Act, 2013: A Farmer Producer Company is a legally registered entity.
- Limited Liability: Members enjoy limited liability, protecting personal assets.
- Collective Support: Promotes and supports the collective interests of small producers.
- Access to Resources: Members gain access to better prices, advanced technology, and improved infrastructure.
- Government Benefits: Farmer Producer Organizations enjoy tax benefits, subsidies, and financial aid.
Advantages of Registering a Producer Company
- Limited Liability: Members are only liable to the extent of their shareholding, ensuring personal asset protection.
- Collective Bargaining Power: Agro Producer Companies enable small-scale producers to access better markets, negotiate better prices, and use superior resources.
- Financial Support: Governments provide grants, subsidies, and low-interest loans for Farmer Producer Companies involved in rural and agricultural development.
- Improved Infrastructure: Legal entities can invest in modern farming techniques and equipment, improving productivity.
- Market Access: Members can participate in national and international trade without intermediaries, achieving better pricing.
Eligibility to Form a Producer Company
- Primary Producers: A Producer Company must be formed by a minimum of 10 individual producers or two producer institutions.
- Directors: A minimum of five and a maximum of 15 directors are required.
- Primary Objective: The company must focus on activities like production, harvesting, procurement, processing, and marketing of members' produce.
Documents Required for Producer Company Registration
For Directors/Shareholders:
- PAN Card (Indians) or Passport (foreign nationals)
- Identity Proof: Aadhaar Card, Voter ID, Passport, or Driver’s License
- Address Proof: Bank statement, Utility Bill, etc.
- Passport-sized photographs
For the Company:
- Proposed company name
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Proof of registered office address (Rent Agreement, Electricity Bill, etc.)
- No Objection Certificate (NOC) from the property owner (if rented)
Registration Process for a Producer Company
- Obtain DSC (Digital Signature Certificate)
- Obtain DIN (Director Identification Number)
- Name Reservation
- Draft MOA and AOA
- Filing Application with MCA
- Incorporation Certificate Issuance
Post-Incorporation Compliance for Producer Companies
- Annual General Meetings (AGMs): Regular AGMs to discuss company updates and financial positions.
- Annual Filings: Submission of annual returns and financial statements to the Registrar of Companies (RoC).
- Income Tax Returns: Filing of annual income tax returns.
- Audits: Books of accounts must be audited annually by a qualified auditor.
Why Choose YKG Global for Producer Company Registration?
- Expert Consultation: Personalized guidance from experienced consultants ensures you make informed decisions.
- Competitive Pricing: Transparent pricing with no hidden charges ensures value for money.
- Seamless Process: Our efficient processes guarantee timely registration of your Farmer Producer Company Limited.
With over 40 years of experience, YKG Global has helped numerous clients establish Farmer Producer Organizations and navigate compliance requirements effortlessly. Contact us today to begin your journey toward a successful Producer Company registration and elevate your business to new heights.
