Producer Company Overview

A producer company is a legally recognized body of farmers/agriculturists, concept made by government of India with the main purpose to improve their standard of living by ensuring them to give available support, income and profitability.

Under companies act, 1956, a producer company can be formed by –

  • 10 or more individuals
  • 2 or more institutions
  • Combination of 10 or more individuals and 2 or more institutions

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Authorized Activities of Producer Company

The producer company deals with the production done by its members and is authorized to carry on any of the following activities –

  1. Processing of the production done by its members. Processing includes preserving, brewing, vinting, drying, distilling, canning and packaging.
  2. Manufacturing & sale of machinery, equipment or consumable to its producer members.
  3. Providing education on the mutual assistance principle to the members of the producer company as well as others.
  4. Rendering consulting services, technical services, training, research & development and other needed activities to promote the interest of producer members.
  5. Generation, transmission and distribution of power, revitalization of land and water resources, conservation and communication etc.
  6. Insurance of the first production & its producer.
  7. Promotion of techniques of mutuality and mutual assistance.
  8. Welfare of members of the producer company as decided by the board.
  9. Providing financial assistance to its producer members such as financing of marketing, procurement, processing or other activities such as extending of credit facilities.

Minimum Requirements For The Registration Of Producer Company

The minimum requirements for the registration of a producer company are as follows –

  • Any 10 or more individuals can form a producer company.
  • Any 2 or more producer institutions can form a producer company
  • A combination of 10 or more individuals and 2 or more institutions can form a producer company
  • Minimum capital of Rs.500000 is needed to incorporate a producer company.
  • There should be minimum 5 directors and maximum 15 directors in a producer company.
  • Producer Company can never be converted into a public company but it can be converted into a multi-state co-operative society.

Documents Required For Producer Company Registration

  • For Promoters & Directors
    • Photograph
    • PAN card
    • Aadhar card/voter identity card
    • Electricity or water bill of business place
    • Rent agreement (If property is rented)
    • Property papers (If property is owned)
    • NOC from landlord
  • For Registered Office
    • Rented property - Rent agreement
    • Owned Property –
      • Electricity or water bill of business place
      • NOC from landlord