Producer Company Registration

The manufacturer is a company registered under the Companies Act, 2013, which is aimed at importing goods or services for production, harvesting, procurement, grading, pooling, handling, marketing, sales, export of primary produce of the members or their benefit. is. . Yield is such things that have been produced or grown specifically by cultivating. Therefore, a producer company mainly works after agriculture and crop processing activities.

More than 85% of farmers in India are small and marginal farmers with less than 2 hectares of land. In the farmers and agricultural land, this disintegration leads to disorder and it is not viable to adopt the latest technologies for Indian farmers. In the productive companies, the economies of scale can be unlocked by the organization of these farmers and the livelihood of the farmers can be improved. Thus, the objective of the concept of a manufacturer company is to make the farmers strong by forming organized groups of farmers as a productive company.

Types of manufacturer companies

Production business
The main functions of the producer companies are to produce, purchase or produce any primary produce for its members (for further sale) and others.

Marketing business
Even the business or members involved in the marketing or promotion of the primary product may have the provision of educational services as a producer company itself.

Technical service business
Any business provides technical assistance to producers, provides training and educational services, or conduct research and development as a manufacturing company.

Financing Business
Any business maker financing production activities, whether it is in production, marketing or development, can register himself as a manufacturing company.

Infrastructure Business
In the form of consultation in relation to the business, whether in electricity, water resources, irrigation techniques, land use, or the same as involved in providing basic infrastructure to the producers, themselves can constitute themselves as a manufacturing company.

Documents Required for Manufacturer Company Registration

TO BE SUBMITTED BY DIRECTORS & SHAREHOLDERS
-Scanned copy of PAN card or passport (Foreign Citizens and Overseas Indians)
-Scanned copy of voter identity card/passport/ driver license
-Scanned copy of latest bank statement/telephone or mobile bill/electricity or gas bill
-Scanned passport size photographs
-Sample signature (blank document with signature [directive only])

Note: One of the directors has to self-certify the first three documents. In the case of foreign nationals and non-resident Indians, all documents should be notarized (if presently in India or non-Commonwealth countries) or upstream (if in a Commonwealth country).

FOR THE REGISTERED OFFICE

-Scanned copy of latest bank statement/telephone or mobile bill/electricity or gas bill
-Scanned copy of Notarised Rental Agreement in English
-Scanned copy of NOC from owner of property
-Scanned copy of Sale Deed / Property Deed in English (in case of ownership property)

Note: The business location is not required for your registered office; It can also be your residence.

Benefits of a Producer Company

Limited liability
All businesses can take the risk of not being able to repay their liabilities. This is a necessary evil. In this event, a single owner (or individual producer) will be personally liable for all business loans. On the other hand, members of a manufacturer’s company have unlimited liability because the company itself is a unit. Therefore, only the amount invested in the business will be lost; Directors’ personal assets will be protected.

Economies of scale
Only 15% of the farmers of India have two acres of land. Therefore, most farmers are unable to safely unlock the benefits that come with large scale economies. With a manufacturer company, many farmers can work as collective and low cost, reduce risks and even get access to better credit facilities. It provides better planning and bargaining power with buyers.

Better management
Instead of the same farmer managing the entire business, the work within a producer company can be divided among its directors. The unit is managed by the management board, whose tenure is five years. Also, a manufacturer has a different legal entity, which means that it is not affected by the death of any of its members.

Read before the manufacturer company registration

Incorporation process

Overview of the manufacturer company in India and the process of registration of the manufacturer company. eMindsCA.com can help in registering a producer company in India.

Necessary Documents

List of documents required for company registration in India. Documents required for shareholder in Indian or foreign directors, registered office and company.

NABARD Loan

The concept of the manufacturer company was introduced to co-operatives as a corporate entity under the Ministry of Corporate Affairs. NABARD provides special assistance and loans to the producer company or manufacturer organization through Rupees. 50 crore Manufacturers’ Organization Development Fund.

Capital Requirements

The difference between the authorized capital and the capital paid is explained in detail with a description. Visit eMindsCA.com to learn more about authorized capital.

Start

The Corporate Affairs Ministry has re-introduced the concept of introduction of business certificate in 2019. All registered companies are now required to get business certificates before starting any business or using any borrowing powers.

Company Complaints

List of all private limited company compliance, 2019 due dates and non-compliance penalties. Private limited companies registered in India must register their annual returns (MGT-7 and AOC-4), income tax returns, INC-22A and DIN eKYC for directors.

BASIC

all inclusive fees

Rs.45500
  • 10 Class 2 Digital Signatures
  • 10 Director Identification Numbers
  • 1 RUN Name Approval
  • Upto 10 Lakhs Authorized Capital
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
STANDARD

all inclusive fees

Rs.49500
  • 10 Class 2 Digital Signatures
  • 10 Director Identification Numbers
  • 1 RUN Name Approval
  • Upto 10 Lakhs Authorized Capital
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
  • One year TDS filing
PREMIUM

all inclusive fees

Rs.59500
  • 10 Class 2 Digital Signatures
  • 10 Director Identification Numbers
  • 1 RUN Name Approval
  • Upto 10 Lakhs Authorized Capital
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
  • One year TDS filing
  • Trademark Registration

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How many people are required to register the manufacturer?

In India, minimum five people are required to register a producer company.

What are the documents required for registration?

Identity proof and address proof are mandatory for all the proposed directors of the manufacturer’s company. PAN card is compulsory for Indian citizens. Apart from this, the landlord of registered office premises will have to issue a no-objection certificate for having a registered office in their office and submit their identity proof and address proof.

How long will it take to incorporate a manufacturer company?

eMindsCA.com could include a manufacturer company for 20-30 days. The time taken for registration will depend on the submission of documents related to the speed of the customer and government approvals. To ensure prompt registration, please choose a unique name for your company and make sure that you have all the necessary documents before starting the registration process.

How long is the registration of a company valid?

Once incorporating a company, it will remain active and in existence until the annual compliance is completed regularly. In the case, annual compliance is not followed, the company will become an inoperative company, and probably withdraw from the register after a period of time. A hit-struck company can be revived for a period of up to 20 years.

What is a digital signature certificate?

A digital signature establishes the identity of the sender or signatory electronically while entering the documents through the Internet. The Ministry of Corporate Affairs (MCA) says that the directors have signed some application documents using their digital signature. Therefore, a digital signature is required for all directors of the proposed manufacturer.

What is the Director Identification Number (DIN)?

The Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a company. It is mandatory for all current or proposed directors to have a Director Identification Number. The director’s identification number never ends, and a person may have only one Director Identification Number.

What are the requirements for being a Director?

Director’s age should be more than 18 years old and should be a natural person. The director should be involved in agricultural activities.

Need a office to start a manufacturer company?

In India, an address where the registered office of the company will be located is required. The premises can be a commercial / agricultural / residential where communication from MCA will be received.

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