PRODUCER COMPANY
Producer Company Registration
Producer Company is formed by agricultural producers, farmers, or anyone engaged in activities related to primary produce. Ideal for farmer cooperatives and agricultural businesses.
What is a Producer Company?
Producer Company is incorporated under Section 465 of Companies Act, 2013 (Part IX-A). It’s a hybrid between a cooperative society and a private limited company, designed specifically for producers of primary produce.
Key Features
- ✓ Members: Minimum 10 individuals or 2 institutions
- ✓ Directors: Minimum 5, Maximum 15
- ✓ Capital: Minimum ₹1 Lakh
- ✓ Focus: Agricultural and primary produce
- ✓ Voting: One member, one vote
- ✓ Registration Time: 15-20 days
Objectives
- • Production, harvesting, procurement of primary produce
- • Marketing of produce of members
- • Processing of produce
- • Import/export of goods or services
- • Providing education and training to members
- • Promoting mutual assistance
Benefits
- ✓ Limited liability for members
- ✓ Democratic management (one member, one vote)
- ✓ Tax benefits available
- ✓ Government support and subsidies
- ✓ Collective bargaining power
- ✓ Better market access for farmers
Who Can Form?
- • Agricultural producers/farmers
- • Primary produce collectors
- • Agricultural cooperatives
- • Farmer Producer Organizations (FPO)
- • Rural development organizations
Register Your Producer Company
Empower farmers and agricultural producers
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