Produces Company Registration

Producer Company means a corporate body having objects or activities as specified under the Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce. In a producer company, you can appoint agriculturist members and accept deposits in the form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them. Producer Company Registration is done through Profaides.

 
 

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Documents Required for Producer Company Registration

  • Copy of PAN Card of all directors
  • Copy of Rent agreement(If rented property)
  • Landlord NOC (Format will be provided)
  • Passport size photograph of directors
  • Electricity/ Water bill (Business Place)
  • Copy of Aadhaar Card/ Voter identity card
  • Copy of Property papers (If owned property)

Conditions for Incorporation

  • Ten or more individuals,each of them being a producer
  • Two or More Producer institutions
  • Combination of ten or more individuals and producer institution

Minimum Requirements

  • Minimum 5 Directors
  • Minimum Rs.5 Lacs Paid up Capital
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