Register a ProducerCompany in
3 simple steps, you get
- DIN for 5 directors
- DSC for 5 directors
- Name of the Company
- Company Document Proof
- Incorporation Certificate
- MOA & AOA
- Company TAN/TDS
- Stamp Duty
We're ready to help start your Producer Company today!
Introduction
Producer Company registration involves establishing a unique business structure under the Companies Act of 2013. These companies are specifically designed for farmers and other agricultural producers, aiming to enhance the marketing and sale of their products. The distinctive feature of producer companies lies in offering limited liability to their members, relieving them from personal responsibility for the company’s debts and obligations.
As Bright Accounts, we offer comprehensive assistance and support for the seamless registration of Producer Companies. Our services encompass guiding clients through the entire registration process, ensuring compliance with the legal requirements outlined in the Companies Act of 2013. Our commitment is to facilitate the creation of a legal framework that enables farmers and agricultural producers to collectively thrive and enhance their socio-economic well-being.
Documents Checklist
Bright Accounts has compiled a detailed list of documents that are required to register a Producer Company. Speak to our experts for any queries.
Identity Proof
- Document Proof of Partners
- Notarized Documents (for Foreign Nationals)
- Utility Bill or Bank Statement
Other Documents
- Passport Size Photographs
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
Address Proof
- Utility Bill or Bank Statement
Proof of Registered Office
- Ownership of Property- Any utility bill like an electricity bill or corporation tax receipt not later than 30 days.
- Right to use the Property - Rental Agreement or No Objection Certificate (NOC) from the owner.
process
Registration Process
in 3 Simple Steps
At Bright Accounts, we have simplified the entire registration process of a Producer Company into 3 simple steps. This makes your journey smooth, structured and easy.
- Pre-application
- We collect basic information
- Gather required documents
- Obtain Digital Signature Certificate
- Check availability of name
- Drafting & Application
- Obtain Directors Identification Number (DIN)
- Get the Name Approval
- Draft Memorandum of Association
- Draft Articles of Association
- Approval
- Obtain Incorporation Certificate
Following the successful verification of documents, Bright Accounts ensures a seamless process for the issuance of Certificate of Incorporation from the Ministry of Corporate Affairs (MCA). The COI includes essential details such as the Company Identification Number, PAN and TAN.
benefits
What's Good
about a Producer Company
Collective Strength
Formation of a legal entity allows agricultural producers to collectively leverage their strength, facilitating better marketing and selling of their products.
Limited Liability
Members of a Producer Company enjoy limited liability, ensuring that they are not personally responsible for the debts and liabilities of the company.
Enhanced Market Access
Producer Companies enable farmers to access wider markets and negotiate better prices for their produce by aggregating resources and negotiating as a collective.
Profit Distribution
The profits earned by the Producer Company are distributed among its members, ensuring equitable sharing of benefits and encouraging continued participation.
Government Support
Producer Companies often receive support and incentives from the government, promoting sustainable agricultural practices and rural development.
Social Impact
Producer Companies contribute to the overall socio-economic development of rural areas by empowering farmers, creating employment opportunities, and fostering community development.
What do you get
when you register with our help
Ready to Register your Company?
When you register your business with the help of Bright Accounts, you also get a friend who advices, guides and helps you grow into a great business.
- DIN for 5 Directors
- Digital Signature Certificate for 5 Directors
- Name of the company
- Company PAN
- Company TAN/TDS
- Stamp Duty
- Certificate of Incorporation
- MOA & AOA
- Expert advice you can count on
- Our bright support on every thing needed to complete the registration.
testimonials
What our clients say
Why Bright Accounts
There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.
Bright & Knowledgeable
Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.
Always happy to help
Bright Accounts commit to provide dedicated support and assistance to our clients.
Professional & Approachable
We maintain a high level of professionalism while being easily approachable for our clients.
Easy & Quick
We focus on streamlining and simplifying the complex processes for our clients.
Checklist for Registration
This checklist includes everything that you would need to open a Producer Company. These are mandatory requirements.
- Authorized Capital
- DIN for all directors
- DSC for all directors
- Name reservation of the company
- Memorandum of Association
- Articles of Association
- Company PAN and TAN
- Open a current bank account in the name of the company
- Proof of Registered Office
Timeline
After consultation and review of required documents by a Bright Accounts expert, the incorporation process takes between 7 to 10 working days.
Want to incorporate your Producer Company? Speak with an expert.
Frequently Asked Questions
- Filing of annual returns and financial statements with the ROC
- Holding annual general meetings.
- Maintenance of proper books of accounts.
- Conducting regular audits.
Any group of ten or more individuals who are engaged in producing primary produce can register a producer company.
Yes, a Producer Company can be converted into a Private Limited Company if it meets the eligibility criteria and follows the conversion process as prescribed by the Companies Act.
The minimum capital requirement for a Producer Company is 5 lacs.
Bought Together
There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.
Ensure Employee Financial Security
We simplify the process, ensuring compliance with regulations while prioritizing your employees' financial well-being.
Navigate global trade with ease
Let us handle the paperwork while you expand your business globally. Streamline your IEC registration with Bright Accounts today.
Register your MSME & get benefits
MSME is considered as the backbone of the economy. Bright Accounts will help you gain access to a range of benefits through its registration