Producer Company Registration Producer Company Incorporation

A producer company is a group of farmers/agriculturalists for the betterment of their living standards and as a means to increase their collective bargaining capacity. We help to incorporate the producer company in India.

What is the meaning of a Producer Company?

A producer company combines the best features of a cooperative society and a Private Limited Company, offering collective benefits to its member producers under a robust and definitive legal framework. Only business entities registered as Private Limited Companies are eligible for Producer Company registration in India. However, the names that these companies are incorporated with, shall end with the words “Producer Company Limited”. Individuals and institutions involved in Primary Production activities can come together and form a Producer Company in India.

    Key decisions to be taken before starting a Producer Company?

  • What would the proposed business activities be?
  • What amount of capital must be invested?
  • What benefits will be offered to the members?
  • Who would be the first directors of the company?

Producer Company Incorporation Checklist

Businesses looking forward to registering as Producer Companies must first fulfill certain prerequisite conditions as prescribed under the Section 465 (1) of the Companies Act, 2013. These conditions are concerned with the number of members, number of directors, name, address, and capital of the company. A detailed list of all such legally mandatory conditions have been mentioned in the table below.

  • At least 10 producer individuals or at least 2 producer institutions as members
  • At least 5 directors
  • A minimum capital of Rs.5 Lakhs
  • A registered address for the principal place of business or the main office

Procedure for Incorporation of Producer Company

  • 2024

  • STEP 1 – Documentation

    You must present specific legal documents in order to apply for the incorporation of a producer limited company. The section below contains a list of every single document that is required for registration. You must make sure you have all of these documents before even starting the procedure for Producer company registration, and if you don’t, you must make arrangements for them as soon as you can.

  • STEP 2 – Name selection

    A Producer Limited Company’s name needs to be distinctive and conveying of its brand and business activity. Additionally, a set of requirements that must be met to set up a Producer Limited Company have been laid down in the Companies Act, the Company (Incorporation) Rules, the Trademark Act, and the Names and Emblems Act. A company’s name cannot be the same as or similar to the name of an already-existing company, LLP, or applied or registered trademark. Read our article on requirements for name approval to receive a detailed insight.

  • STEP 3 – Name Approval and Reservation

    Once you’ve decided on a legally valid name for the business, you must reserve it with the Registrar of Companies in order to stop other companies from using it without your permission or stealing it. All you have to do is use our name approval and reservation services, where we will not only search the validity of the names proposed by you, but also apply for its reservation in the RUN (Rserve Unique Name) or PART A of the SPICe+ applications.

  • 2024

  • STEP 4 – Filing of SPICe+ application

    You can continue with a Producer Limited Company’s incorporation after approving its name. You must complete the online SPICe+ application found on the MCA’s official website in order to apply for the incorporation of the company. Part A of the SPICe+ application is used for reserving a name, and Part B is used for Producer Company Registration. Any director of the Producer Company may complete and sign the application before submitting it to the ROC, along with the required supporting documentation.