Producer Company Registration @ Rs 9,999 in 7 days 2018-05-23T12:49:28+00:00

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Producer Company Registration

Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.

At Registration Arena, we are continuously available to help you understand how to register a producer company.Producer Company Registration in India can be done through Registration Arena in all major cities including Hyderabad, Mumbai, and New Delhi, Chennai, Kolkata & all other Indian cities.

Allowed Activities for Producer Companies:

A producer company is basically a body corporate registered as Producer Company under Companies Act, 2013 and shall carry on or relate to any of following activities classified broadly:-
(a) Production, harvesting, processing, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit.
(b) Rendering technical services, consultancy services, training, education, research and development and all other activities for the promotion of the interests of its Members;
(c) Generation, transmission and distribution of power, revitalization of land and water resources, their use, conservation and communications relatable to primary produce;
(d) Promoting mutual assistance, welfare measures, financial services, insurance of producers or their primary produce;

Silent Condition for Producer Companies:

i. Only persons engaged in an activity connected with, or related to, primary produce can participate in the ownership.
ii. The members have necessarily to be primary producers.
iii. Termed as “Companies with Limited Liability” and the liability of the members will be limited to the amount, if any, unpaid on the shares.
iv. Name of the company shall end with the words “Producer Company Limited“.
v. On registration, the producer company shall become as if it is a Private Limited Company for the purpose of application of law and administration of the company
vi. However, it shall comply with the specific provisions of part IXA.
vii. The limit of maximum number of members is not applicable to these Companies.

More about Producer Company Registration

OPC Registration

Incorporation:
Any of the following combination of producers can incorporate a producer company:
i. Ten or more producers (individuals); or
ii. Two or more producer institutions; or
iii. Combination of the above two (10+2).
Share Capital:
i. Share capital of a Producer Company shall consist of equity shares only.
ii. Members’ equity cannot be publicly traded but only transferred
iii. Voting
a. Only of individuals, then voting rights shall be based on a single vote for every member.
b. Only of producer institutions, then voting rights on the basis of their participation.
c. Combination of both individuals and producer institutions then voting rights shall be based on a single vote for every member.
Director:
Every producer company is to have
i. At least 5 and not more than 15 directors.
ii. A full time chief executive should (CEO) be appointed by the board and
iii. shall be entrusted with substantial powers of management as the board may determine.

Advantages Of Producer Company Registration

  • Preferred by banks, VCs & investors
  • Separate legal entity which limits your liability
  • Owning Property
  • Easy to register, manage & run
  • Easy to dissolve or wind-up
  • Perpetual Existance

Minimum Requirements For Producer Company Registration

Minimum 10 Shareholders
Minimum 5 Directors are required
Atleast one Director should be an Indian Resident
Minimum 5,00,000 Share Capital
DIN & DSC’s for 5 the Directors

Procedure For Producer Company Registration

Documents Required For Producer  Company Registration

Identity and Address Proof:
Identity and the address proof will be needed for all the directors and the shareholders of the company to be incorporated. In case of an Indian national, PAN card is mandatory. For the foreign nationals, apostilled or notarised copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.

Registered Office Proof:
All companies should have a registered office in India. To prove admittance to the registered office, a recent copy of electricity bill or gas bill or water bill or telephone bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/ his consent to use the office as a registered office of the company should be submitted.

List of documents to be submitted by the Director and the Shareholders:
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Passport/Driver’s License
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Scanned passport-sized photograph
Specimen signature (blank document with signature [directors only])
Note: Any one of the directors must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).

For the Registered Office:
Scanned copy of Latest Telephone or Electricity or Gas Bill or Water bill
Scanned copy of Notarized Rental Agreement in English
Scanned copy of No-objection Certificate from property owner
Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence, too.

What are factors one should consider in selecting the company name

The name of the company is very important. It is considered the first impression for the suppliers, buyers and the stakeholders. It must, therefore, be suggestive, relevant and attractive. There are various factors that one must keep in mind while naming the company.

It must be short & simple:
The name must be concise and not be too long. People should be able to say it easily and they should be able to recollect your company’s name the first time they read it or hear it.

It must be meaningful:
The name of the company should be related to the business. It must fit the company’s branding.

It must be unique:
The name of the company mustn’t be the same or identical to an already existing company or a trademark. One must preferably avoid the plural version.

Add Suffix:
The name of the company must end with the suffix “Private Ltd” in a case of a Private limited company and “LLP” in case of a limited liability partnership.

It shouldn’t be illegal / offensive:
The name of the company shouldn’t be against the law. It shouldn’t be abusive or against customs and the beliefs of any religion.

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Compare Your Options

Basic

14998*
  • Producer Company Registration
  • ROC Filing

Standard

27998*
  • Producer Company Registration
  • Annual Compliance For Producer Company

Deluxe

15997*
  • Producer Company Registration
  • Professional Tax Registration
  • GST Registration

Popular

17496*
  • Producer Company Registration
  • Professional Tax Registration
  • GST Registration
  • Trademark

Ultimate

22496*
  • Producer Company Registration
  • Professional Tax Registration
  • GST Registration
  • Trademark
  • ISO Certification

*Consultancy fees
(government fees will be on actual)

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“It was wonderful experience with Registration Arena during my company registration.Queries were addressed instantly through mails, phone calls; and the follow-up was just fantastic.Within a week of time my private limited was registered.There was no requirement of follow up at all.Also got instant help for opening bank account.Great work team Registrationarena ,would be more than happy to be associated with you guys in future.”

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Why Registration Arena

On Time Delivery

Just tell us a few details about your brand and we’ll process your application. In three working days, you’ll be ready to use the symbol alongside your brand name.

Transparent Pricing

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

Tech Driven Platform

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.

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