A Producer Company is formed by agricultural producers, farmers, or persons engaged in activities related to primary produce. It combines the features of cooperatives and companies.

Objectives

• Production, harvesting, procurement of primary produce
• Marketing of primary produce
• Processing of primary produce
• Import/export of goods related to primary produce
• Providing education and training to members

Benefits

• Democratic management structure
• Limited liability for members
• Government subsidies available
• Loans at lower interest rates
• Tax benefits
• Perpetual succession

Requirements

• Minimum 10 members (individuals) or 2 institutions
• Minimum 5 directors
• All members should be engaged in primary produce activities
• Must have "Producer Company Limited" in name

Documents Required

• PAN and Aadhaar of all directors and members
• Address proof
• Proof of primary produce activity
• Registered office documents
• Digital Signature Certificates

Registration Process

1. Obtain DSC for directors
2. DIN for all directors
3. Name approval with "Producer Company Limited"
4. Draft MOA and AOA as per Producer Company rules
5. File incorporation forms
6. Certificate of Incorporation

Time Required: 15-20 working days