PRODUCER COMPANY
- Art Teacher
- London, UK
- 5-7 Hrs
Ever wondered why the Producer Company model is gaining so much attention among farmers, rural entrepreneurs, and artisans in India?
It’s because this unique business form combines the benefits of a cooperative with the flexibility and advantages of a private limited company—creating the perfect framework for rural economic growth.
A Producer Company is specifically designed for primary producers such as farmers, agriculturalists, artisans, and rural producers. It allows them to collectively organize production, processing, marketing, and distribution—while still owning the business and sharing profits.
At Aarthika Globcorp Solutions, we specialize in Producer Company registration and compliance, helping rural communities formalize their businesses and unlock growth opportunities.
- PAN Card of all directors and members
- Aadhaar Card or valid ID proof (Passport, Voter ID, etc.)
- Address Proof (Utility bill, bank statement) of members
- Passport-size Photographs of all directors
- DSC of proposed directors
- DIN for all directors
- Proof of Registered Office Address (rent agreement/ownership proof + utility bill)
- NOC from the owner of the registered office (if rented)
- MOA and AOA specifying objectives
- Declaration by professionals (CA/CS/CMA)
- Obtain Digital Signatures (DSC) – For all proposed directors.
- Obtain Director Identification Number (DIN).
- Choose a Name by Filing SPICe+ Part A on the MCA portal to reserve the company name with "Producer Company Limited" at the end.
- Prepare Documents such as MOA, AOA, required KYC and office documents.
- File Incorporation Form (SPICe+ Part B).
- Get Certificate of Incorporation (COI) after approval of ROC, you’ll receive the COI, PAN, and TAN.
FAQs
A Producer Company can be formed with only individual farmers, as membership is limited to primary producers like farmers or producer institutions.
A Producer Company cannot be directly converted into a private or public limited company; it must remain as a Producer Company as per its legal structure.
Only if it qualifies as a producer institution then, Government agencies may support or fund, but not own or control the company directly.
Yes. Annual filings like AOC-4 and MGT-7 are compulsory, regardless of activity status.
The company must restore the minimum members (10 producers) or face potential strike-off or penalty from ROC.
At least four Board meetings must be held every year, with one meeting in each quarter.
The quorum is one-third of the total strength of the Board or a minimum of 2 directors, whichever is higher.
Producer Companies engaged in eligible agricultural activities can claim income tax exemptions under Section 10(1) and may also benefit from Section 80PA up to Rs. 100 crore turnover.
It depends on turnover and nature of goods/services. However, registration is mandatory if turnover exceeds the threshold or for interstate transactions.
Producer Companies can borrow funds, issue debentures, or accept deposits from members only—subject to RBI and MCA norms.