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Empowering agricultural communities through seamless Producer Company registration with FilingsFirst.
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A Producer Company is a type of company that is formed by a group of farmers, artisans, or other individuals involved in agriculture or related activities. The primary objective of a Producer Company is to provide assistance and support to its members in agricultural and related activities.
A Producer Company must have a minimum of 10 members (individuals or institutions) and a maximum of 50 members. All the members must be involved in the production, harvesting, processing, marketing, or export of agricultural produce or related products.
Business owners require 5 lakh to run the company and there must be five directors to supervise the company activities, frame lawful policies and observe workplace conventions.
It undertakes a slew of tasks such as packaging, brewing, manufacturing, transportation and helps educate the members about the mutual assistance principles.
A Producer Company is a type of company that is formed by a group of farmers, artisans, or other individuals involved in agriculture or related activities.
A Producer Company must have a minimum of 10 members (individuals or institutions) and a maximum of 50 members.
Business owners require 5 lakh to run the company and there must be five directors to supervise the company activities, frame lawful policies and observe workplace conventions.
The members will have unlimited access to the liabilities as the company is an independent entity. Also, the personal property of the directors is safeguarded under the laws and the amount invested in the business can be monitored.
The business owners can receive tax benefits and allotted equity shares. The profits are distributed among the members of the group and no taxes are levied.
Instead of a farmer managing the entire business, work within a producer company may be divided among its directors. The unit is managed by a Board of Management with a tenure of five years.
It elevates the economies by providing everyone with equal rights, does not let owners exercise autonomy and is defined by a better management style
A panel of advisors will walk you through the process. You must consult an assigned relationship manager to obtain a digital signature certificate, write the name reservation application, draft the MOA and AOA documents and wait for the certificate of incorporation.
It takes 15 to 18 working days for the completion of the process and you can explore different business opportunities upon successful registration.
In India, a Farmer Producer Company (FPC) must have at least 5 lakh in capital. The FPC members have the option of raising this capital by issuing shares. The FPC must have a minimum of 10 members, who may be organisations or people, and a maximum of 50 members.
The sum of money required for this charitable company is not required to have any minimum capital. The money necessary to launch and maintain a firm may be introduced by the promoters.
No. The promoters' physical presence is not necessary because the registration process is entirely online. All the paperwork and information can be mailed or uploaded on our website.
Yes, after getting a Director Identification Number, an NRI or foreign national can hold the position of director. On the Board of Directors, however, at least one Director must be a resident and citizen of India.
A farmer-producer company in India must have at least five directors, under the Company Act, 2013. In this case, the maximum number has been set at 15.
The production company shall hold its first AGM within three months of the date of establishment, per Section 581B of the Company Act of 2013.
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