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Breif
A Producer Company is a special type of company designed to empower producers by pooling resources for production and marketing. It offers limited liability, professional governance, and easier access to funding, making it an ideal choice for farmers and primary producers seeking to grow their business collectively.
Overview
A Producer Company is a corporate entity formed by a group of producers, such as farmers, artisans, or manufacturers, to collectively engage in activities related to production, harvesting, procurement, processing, marketing, or selling of their products. It combines the benefits of cooperative societies and companies, offering limited liability, separate legal status, and access to better resources and markets. Registered under the Companies Act, 2013 (India), Producer Companies help improve the economic and business prospects of their members by providing professional management and better financial opportunities.
Process
Step 1 - Form a group of at least 10 producers as promoters.
Step 2 - Choose and reserve a unique company name with the RoC.
Step 3 – Apply for DSC : Obtain Digital Signature Certificates (DSC) for all subscribers/directors.
Step 4 – Document Preparation : Draft the Memorandum of Association (MoA) and Articles of Association (AoA).
Step 5 – Online Filing : Submit incorporation forms along with required documents to the RoC.
Step 6 – Certificate & Tax Details : Receive Certificate of Incorporation, PAN, and TAN for your company.
Step 7 – Address Proof Filing : Submit Form INC-22 with registered office proof (rent agreement, if applicable) within 300 days from the date of registration
Checklist
Details & Documents Required for Private Limited Company Registration
1. Proposed Company Details
- Four proposed company names
- Objective of the proposed company
- Authorized and paid-up share capital
- Equity shareholding percentage of subscribers
2. Documents for Subscribers & Directors
- PAN Card of all subscribers/directors
- Photograph of all subscribers/directors
- Identity proof: Aadhaar, Driving License, Voter ID, or Passport
- Mobile number and email of all subscribers/directors
- Address proof: Bank statement, Electricity bill, or any government-issued document in the name of subscribers/directors
3. Proof of Proposed Registered Office
- Latest utility bill (electricity, landline, water, etc.)
- For rented premises: Rent agreement in the name of the proposed company
Time Taken
Total Time: Approximately 7 days from the date of receipt of all documents.
- DSC Preparation: 1 day (can be done simultaneously with name approval)
- Drafting DIR-2 & Other Documents (MoA, AoA, declarations): 2 day
- Online Preparation & Filing : 1 day
- Certificate of Incorporation, PAN & TAN Issuance: 1 day
Deliverable
The following deliverables are included in the Biz Silver Plan. Deliverables for other packages may vary accordingly:
- Certificate of Incorporation
- Company Name Approval
- Director Identification Numbers (DIN)
- Digital Signature Certificate (DSC) for Directors
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- ESI/PF Registration
- Company PAN Card
- Company TAN Number
Why Choose Us
Bizeneed makes Producer Company registration smooth, timely, and hassle-free. We solve challenges proactively, guide you on future compliance and business planning, and maintain friendly yet professional communication. From name approval and MoA/AoA drafting to DIN, DSC, PAN/TAN, and registrations, we provide complete end-to-end support, ensuring your company’s growth and success.
FAQs
A minimum of 10 individual producers (or 2 producer institutions) who are engaged in producing primary products like agriculture, dairy, poultry, fisheries, or handicrafts can form a Producer Company.
There is no strict minimum capital requirement, but the promoters must decide a reasonable contribution amount as stated in the MoA.
Unlike a regular company, a Producer Company is formed primarily for the welfare of its members, profit is secondary, and dividends are distributed only to members based on business done, not on shareholding.
Yes, it can earn profits, but the primary focus is on the welfare of members, and profits are distributed among members based on their participation, not capital invested.
Yes, under certain provisions of the Companies Act, a Producer Company can convert into a private or public limited company, subject to legal procedures.
No, only producers of primary produce or producer institutions can become members. Non-producers cannot hold membership.
A Producer Company must have a minimum of 5 directors and can have a maximum as specified in its Articles of Association.
Yes, Producer Companies often qualify for agriculture and MSME-related government schemes, subsidies, and funding programs.
Profits are distributed based on the volume of business done by each member with the company, not according to shareholding.
Yes, every Producer Company is required to maintain accounts and get them audited annually as per the Companies Act, 2013.
Yes, members can withdraw or resign, but the procedure is defined in the Articles of Association and may include return of share capital.