Producer Co. Setup

Common Questions

Most Popular Questions

A Producer Company is a type of corporate entity formed by primary producers engaged in agriculture, horticulture, animal husbandry, or other rural activities, for their mutual benefit.

Any group of ten or more individuals, or two or more institutions, engaged in primary production activities can form a Producer Company.

The primary objectives include facilitating better income for producers, improving their bargaining power, enhancing productivity, and promoting collective action.

The process involves obtaining Digital Signature Certificates (DSC), Director Identification Numbers (DIN), name approval, drafting Memorandum and Articles of Association, and filing incorporation documents with the Registrar of Companies.

Producer Companies must hold annual general meetings, maintain proper accounting records, file annual returns, and comply with regulatory requirements under the Companies Act.

The liability of members in a Producer Company is limited to the extent of their unpaid share capital.

Yes, a Producer Company can distribute profits to its members in proportion to their participation in the business activities of the company.

Advantages include limited liability protection, access to credit and government schemes, collective bargaining power, and better market opportunities.

Yes, subject to compliance with regulatory requirements, a Producer Company can be converted into a Private Limited Company or any other business entity.

Company Avenue Advisory offers specialized assistance in Producer Company registration, including documentation, compliance, and liaison with regulatory authorities, ensuring a smooth and efficient registration process.

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