What is a Producer Company?

A Producer Company is a type of business entity that enables individuals involved in production activities, primarily in agriculture, forestry, livestock, and related industries, to form a unified company structure. This paradigm empowers producers by providing improved market access, price control, and resource efficiency. Producers gain from increased operational efficiency and profit-sharing opportunities when they own and manage the company together. In the context of the Faridabad Farmer Cooperative, this structure allows local farmers to benefit from collective strength, improving their economic standing and contributing to the region’s sustainable agricultural methods.

Key Activities of a Producer Company:

• Production, harvesting, procurement, grading, pooling, handling, marketing, and selling of agricultural or related products.
• Agricultural produce processing includes preserving, drying, distilling, brewing, and packaging.
• Promoting mutual assistance, financial support, and other welfare activities for producers.

Why Register a Producer Company?

• The Producer Company concept is appropriate for small-scale agricultural producers seeking to expand and profit from group ownership. Here are several major advantages:
• Ownership liability is limited to their stake in the corporation.
• Increased bargaining power: Collective resources provide for better market access and price negotiations.
• Banks and financial institutions provide improved lending opportunities to registered Producer Companies.
• Government Schemes and Benefits: Registered Producer Companies have access to a variety of government schemes and subsidies that can help them increase their profitability.
• Profit sharing allows profits to be dispersed among company members, ensuring that everyone benefits.

Producer Company Registration Lite Package – What’s Included?

Our Producer Company Registration Lite Package is designed to make it easier for you to establish a Producer Company. At an affordable price of ₹29,999 (down from the original price of ₹39,999), this package includes everything you need to register your company quickly and efficiently. Here’s what’s covered:

1. 10 DIN & 10 DSC (Director Identification Number & Digital Signature Certificate)

The first step to registering your Producer Company is to obtain Director Identification Numbers (DINs) and Digital Signature Certificates (DSCs) for each director. With our Lite package, we’ll process DINs and DSCs for up to 10 directors, ensuring that all legal documentation can be filed digitally with ease.

2. Creating the document known as the Memorandum of Association (MOA) and Articles of Association (AOA).

The MOA (Memorandum of Association) and AOA (Articles of Association) are the fundamental documents for your Member Company. They outline the objectives, duties, and constraints that the corporation must follow. Our attorneys will create MOA and AOA documents tailored to your company’s particular demands while promising compliance with Indian corporate rules.

3. Name Approval & Certificate of Incorporation (COI)

Finding the right name for your Producer Company is a critical step. We’ll guide you in getting your company’s name approved by the Ministry of Commerce (MCA), confirming that it coincides with your business vision. Assuming your name is approved, you will be given a Certificate of Identification (COI), which officially establishes your company as an official entity.

4. PAN, TAN & Bank Account Setup

Whenever your company has been authorized, you have to obtain a Permanent Account Number (PAN) and a Tax Exemption and Collection Account Number (TAN) for fiscal reasons. Our Lite includes the application for those significant documents. In addition, we could help you with organizing a bank account in the name of your Producers Company, making it easier to manage your finances and receive payments.

5. EMI Payment Option

We understand that starting a Producer Company requires a financial commitment, which is why we offer an EMI option. With monthly EMIs of ₹2,693.36 spread over 12 months, you can register your company without any immediate financial strain. This flexibility ensures that you can focus on growing your business while spreading the cost of registration over time.

Why Choose Our Lite Package?

• The package we provide is cost-effective, and begins at ₹29,999, allowing Producer Corporations to be formed without considerable upfront expenses.
• Comprehensive Support: Our package contains everything you need, from gathering DINs and DSCs for 10 directors to generating legal documents and setting a bank account.
• Expert Assistance: Our team of experts will walk you through each step of the registration procedure, ensuring a seamless and hassle-free experience.
• EMI Payment Option: You can register your business without worrying about financial anxiety.

How to Get Started?

1. Getting started with your Producer Company registration is straightforward. Here’s how to start the process.
2. Contact us: Contact our team and let us know you’re interested in the Producer Company Registration Lite package.
3. Submit Documents: Provide all essential documents, such as director identification and address proofs, as well as the business address.
4. Processing: Our team will handle everything from preparing the MOA and AOA to acquiring DINs, DSCs, and name approval.
5. Receive Certificate of Incorporation: Once your Producer Company has been formally registered, you will receive the Certificate of Incorporation and other necessary paperwork, allowing you to begin operations.