Producer Company

Producer Company is a specialized form of a company in India that primarily aims to improve the economic conditions of farmers, artisans, and agricultural producers by facilitating their collective efforts. Here's an overview of a Producer Company.

Process of Registering a Producer Company:

Minimum Membership: At least ten individuals or two producer institutions or a combination of both are required to form a Producer Company.

Name Approval: Choose a unique name for the Producer Company and apply for name availability through the Ministry of Corporate Affairs (MCA) portal.

Formation of Promoters Group: Form a promoters' group consisting of individuals interested in forming the Producer Company.

Drafting Memorandum and Articles: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) outlining the objectives and operational guidelines of the Producer Company.

Incorporation Application: File an application for the incorporation of the Producer Company (Form URC-1) online through the MCA portal, providing required details and attaching necessary documents.

Certificate of Incorporation: Upon successful processing and verification, the Registrar of Companies (RoC) will issue the Certificate of Incorporation, confirming the establishment of the Producer Company.

DOCUMENTATION 

Essential Documentation for Producer Company Registration:

Memorandum of Association (MOA) and Articles of Association (AOA): Draft the MOA and AOA, which define the objectives, rules, and regulations governing the operations of the Producer Company.

Name Reservation: Choose a unique name for the Producer Company and apply for name availability through the Ministry of Corporate Affairs (MCA) portal.

Address Proof and Identity Proof: Address proof (such as Aadhaar card, Passport, Voter ID, etc.) and identity proof (such as PAN card, Aadhaar card, Passport, etc.) of the proposed directors/shareholders.

Declaration and Consent: Declaration by the proposed directors/shareholders stating their intention to become directors/shareholders and not being disqualified under the Companies Act.

Consent to act as directors/shareholders in the Producer Company.

Promoters' Group Details: Details of the promoters' group, including their names, addresses, occupations, and contributions towards the formation of the Producer Company.

Director Identification Number (DIN) and Digital Signature Certificate (DSC): DIN for proposed directors obtained by filing Form DIR-3 online.

DSC for signing incorporation documents.

Common Seal (if applicable): Design of the common seal, if the Producer Company opts to have one.

Board Resolution: Resolution passed by the promoters' group approving the incorporation and authorizing individuals to act on behalf of the Producer Company.

Declaration of Compliance: A declaration stating compliance with all the requirements of the Companies Act for forming a Producer Company.