Why start a Producer Company?
Focus on Welfare
Co-operatives have largely been state promoted and has state government intervention in the management of Co-operatives.
More liberal & minimal government
Accomodates the unique elements of co-operative business with regulatory framework similar to that of a company.
Hybrid of company and co-operative society
It combines the goodness of a co-operative enterprise vibrancy and efficiency of a company.
It is simple to get started!!
Benefits of choosing a Producer Company
Special User Rights
Benefits to members
Separate Legal Identity
Limited Liability of Owners
Timeline
FAQs
What are documents required?
1) PAN Card - Par Card of Shareholders or Directors
2) Identity Proof - Aadhar Card and Voter ID / Passport / Driving License of Shareholders and Directors
3) Director's Address Proof - Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
4) Photograph - Latest Passport size photograph of Shareholders and Directors.
5) Business Address Proof - Latest Electricity Bill/ Telephone Bill of the registered office address
6) NOC from Owner - No Objection Certificate to be obtained from the owner(s) of registered office
7) Rent Agreement - Rent Agreement of the registered office should be provided if any
What you will get?
Deliverables that you will receive by choosing this service are -
1) DIN for 5 Directors
2) AoA & MoA
3) Bank Account opening support
4) Company PAN Card
5) ESI & PF Registraton
6) Producer Company Incorporation Certificate
7) Stamp Duty on INR 5 Lakh Authorized Capital
8) Company TAN / TDS Number
9) Digital Signature Certificates
Minimum Criteria to apply for Producer Company
1) A Producer Company can be formed by 10 or more Individuals as producers.
2) Two or more producer institutions or a combination of 10 or more producers and producer institutions.
3) A minimum capital of Rs. 500,000 is required to incorporate a Producer Company.
4) The share capital of a Producer Company shall consist of equity shares only.
5) The shares held by a Member in a Producer Company, shall be in proportion to the backup of that company.
6) There should be minimum 5 directors and maximum of 15 directors in aProducer Company.
7) A full time chief executive (CEO) should be appointed by the board.
8) There is no maximum limit of the members.
9) The Producer Company in India cannot be deemed as a public company.
10) There should be at-least four boards meetings every year and the meetings should not be held less than once every three months.