Producer 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