Producer Company Registration

Overview

The Producer Company must deal primarily with the produce of its active Members and is allowed to carry on any of the following activities by itself or through other entities – on behalf of the members.

1. processing including preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its Members.

2. manufacture, sale or supply of machinery, equipment or consumables mainly to its Members.

3. providing education on the mutual assistance principles to its Members and others.

4. rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its Members.

5. generation, transmission and distribution of power, revitalization of land and water resources, their use, conservation and communication relatable to primary produce.

6. insurance of producers or their primary produce.

7. promoting techniques of mutuality and mutual assistance.

8. welfare measures or facilities for the benefit of Members as may be decided by the Board.

9. any other activity, ancillary or incidental to any of the activities which may promote the principles of mutuality and mutual assistance amongst the Members in any other manner.

10. financing of procurement, processing, marketing or other activities which include extending of credit facilities or any other financial services to its Members.

Benefits of a Private Limited Company

  • A Private Company has no obligation to call the Statutory Meeting of the member.
  • No restriction on payment of Managerial Remuneration
  • A company to be incorporated as a Private Company must have a minimum paid-up capital of Rs. 1,00,000 only.
  • Only 2 persons are required to form a Private Limited Company.
  • The directors need not retire by rotation.

Condition

    To Form a producer company in India, the following members in any of the combination is necessary:

  • Ten or more individuals, each of them being a producer; or.
  • Two or more producer institutions; or
  • A combination of ten or more individuals and producer institutions.
  • Note- Registration process is similar to the private limited company.

Why Choose Private Limited Company Registration

  • It is flexible and has limited liability.
  • A greater capital contribution and greater stability.
  • The possibility to grow big and expand

Required Documents

  • Telephone or Mobile Bill/Electricity or Gas Bill Scanned copy of Notarized Rental Agreement in English
  • Affidavit from director and shareholders
  • Copy of PAN card, Identity and Address Proof for DIN for up to 3 directors

Process

Due to Digitalization of registration process, it’s become easy to register producer company

Obtaining DSC & DIN

Due to online process at least one director need to have digital signature (Dsc) which is required to sign electronic document.

For obtaining DSC, self-attested copy of director's pan card & his address proof is required.

Obtaining DSC & DIN

Firstly You need to find your name has not been taken

Secondly, you need to comply with the MCA guidelines. You can do so by ensuring that the name has a unique component and a descriptive component.

Company Registration Form & MoA & AoA Submission

Copy of Rental Agreement (along with NOC from owner)/Sale Deed in case of own property

Telephone or Mobile Bill/Electricity or Gas Bill Scanned copy of Notarized Rental Agreement in English

Affidavit from director and shareholders

Copy of PAN card, Identity and Address Proof for DIN for up to 3 directors

Company Incorporation Certificate

Once all the documents are approved by MCA , it will issue a incorpation certificate.

Apply for PAN & TAN & Bank Account

On the basis of incorporation certificate u can apply for the TAN , PAN & Bank.

FAQ's

1.What is DPIN?

The DPIN (Designated Partner Identification Number) used for identifying a designated partner in a Limited Liability Partnership (LLP) firm, is equivalent to the DIN (Director Identification Number) of a director of a private or public limited companyDuis aute irure dolor.

2.Can LLP have more than one addresss?

L. It has been provided in the Act that a document may be served on a LLP or a partner or designated partner by sending it by post or by any other mode (to be prescribed under Rules) at the registered office and any other address specifically declared by the LLP for the purpose in such form and manner as may be prescribed (in the rules). Thus, an LLP shall have option to declare one more address (other than the registered office) for getting statutory notices/letters etc. from Registrar.

3.Whether audit of all LLPs would be mandatory?

. Every LLP in India, whose annual turnover exceeds the magnitude of Rs. 40Lakhs or the total contribution of its partners gets above the limit of Rs. 25Lakhs, is mandatorily need to get its accounts audited every financial year, strictly in accordance with the rules and provisions provided in the LLP Rules of 2009.

4.Whether any Annual Return would be required to be filed by an LLP?

Every LLP would be required to file Annual Return with ROC. A duly authenticated Annual Return in e- Form-11, is to be filed with the Registrar, together with the prescribed fee, within a period of 60 days from the closure of every financial year.

5.Which documents are available for public inspection in the office of Registrar?

The following documents/information will be available for inspection by any person on payment of prescribed fees:-

• Incorporation document,

• Names of partners and changes, if any, made therein,

• Statement of Account and Solvency

• Annual Return

But LLP Agreement is not available for public inspection.

6.Can Partnership Firm, Private Limited Company and Unlisted Public Company Converted to Limited Liability Partnership?

Yes, The Registrar shall, on conversion of a firm by filing Form 17, private company or an unlisted public company by filing Form 18 into limited liability partnership along with prescribed fees, issue a Certificate of Registration under his seal in Form 19.

7.Whether offences can be compounded?

Every application for the compounding of an offence shall be made in Form 31 to the Registrar who shall forward the same, together with his comments thereon, to the Central Government.

Where any offence is compounded under whether before or after the institution of any prosecution, intimation thereof shall be given by the LLP to the Registrar in Form 22 within seven days from the date on which the offence is so compounded.

8. What are the requirements for change in registered office ?

Where the change in place of registered office is from one state to another state, the limited liability partnership shall publish a general notice, not less than 21 days before filing any notice with Registrar, in a daily newspaper published in English and in the principal language of the district in which the registered office of the limited liability partnership is situated and circulating in that district giving notice of change of registered office.

Where the change in place of registered office is from one place to another place within the state from the jurisdiction of one Registrar to the jurisdiction of another Registrar or from one state to another state, the limited liability partnership shall file the notice in Form 15 with the Registrar from where the limited liability partnership proposes to shift its registered office with a copy thereof for the information to the Registrar under whose jurisdiction the registered office is proposed to be shifted