Producer as any person engaged in any activity connected with or relatable to any primary produce (Produce: “things that have been produced or grown, especially by farming”). A Producer Company is thus a body corporate having an object that is:
production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit.
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1. Any amount of Capital;
2. Application for 5 Director Identification Numbers;
3. Application of 5 Digital Signatures (validity 2 years);
4. Name Approval;
5. Drafting of Memorandum and Articles of Association;
6. Drafting of other additional documents;
7. Preparation of various eforms;
8. PAN & TAN Application
9. Resubmission of eforms, if any;
10. Obtaining Certificate of Incorporation from Registrar;
"Producer Company" means a body corporate having objects or activities specified as follows:
(a) production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit; (b) processing including preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its Members ; (c) manufacture, sale or supply of machinery, equipment or consumables mainly to its Members ; (d) providing education on the mutual assistance principles to its Members and others ; (e) rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its Members ; (f) generation, transmission and distribution of power, revitalisation of land and water resources, their use, conservation and communications relatable to primary produce ; (g) insurance of producers or their primary produce ; (h) promoting techniques of mutuality and mutual assistance ; (i) welfare measures or facilities for the benefit of Members as may be decided by the Board ; (j) any other activity, ancillary or incidental to any of the activities referred to in clauses (a) to (i) or other activities which may promote the principles of mutuality and mutual assistance amongst the Members in any other manner ; (k) financing of procurement, processing, marketing or other activities specified in clauses (a) to (j) which include extending of credit facilities or any other financial services to its Members.
> Proof of Registered office address (Conveyance/ Lease deed/Rent Agreement/Maintenance Bill)
> Copy of the utility bills of the registered office (Electricity Bill/Telephone Bill not older than two months)
Directors / Shareholders
> PAN Mandatory- Indian National / Passport – Foreign National
> Proof of Identity – Voter Id/Passport/Driving License
> Proof of Address (Electricity Bill/Bank Statement/Telephone Bill/Mobile Bill not older than 2 months)
*All documents for Indian National – To be self-attested
*All documents of Foreign National – To be self-attested & apostilled
Obtain DSC (Digital Signature Certificate)
Prepare SPICe+ form (Part A – Name availability and reservation request)
Prepare SPICe+ Part B form (Company information i.e. directors, capital etc.)
Prepare e-form SPICe+ MOA (INC-33) ,SPICe+ AOA (INC-34) and SPICe+ AGILE-PRO (INC-35)
Download all the e-forms prepare online and affix DSC on all the e-forms.
Attached the require documents with form SPICe+ and upload the e-forms to MCA portal.
Verification of documents / forms by RoC
Issue of Certificate of Incorporation by RoC
|Factors of Comparison||Private Company||Public||One Person Company||Limited Liability Partnership||Partnership||Sole Proprietorship|
|Capital||Min: INR 1 & Max:No Limit||Min: INR 1 & Max:No Limit||Min: INR 1 & Max:2 Crore||Min: INR 1 & Max:No Limit||Min: INR 1 & Max:No Limit||Min: INR 1 & Max:No Limit|
|Director||Minimum 2||Minimum 3||Minimum 1||-||-||-|
|Shareholder||Minimum 2||Minimum 7||Minimum 1||-||-||-|
|Designated Partner/Parter||-||-||-||Minimum 2||Minimum 2||-|
|Taxation||30%(25% if turnover does not exceed 250 Crore)||30%(25% if turnover does not exceed 250 Crore)||30%||30%||30%||As per Slab Rates|
|Statutory Audit||Compulsory||Compulsory||Compulsory||If Contribution exceed INR 25 Lacs; If Turnover exceed INR 40 Lacs||Not Required||Not Required|
|Investor Preference||High||Low||Low||Medium||Very Low||Very Low|
|Regulator||Registrar of Companies||SEBI/Registrar of Companies||Registrar of Companies||Registrar of Companies||Registrar of Firms||-|
|Time take for Registration||5-7 working days||5-7 working days||5-7 working days||20-25 working days||10-12 working days||5-7 working days|