Producer Company Registration

Producer Company Registration in India – Complete Guide

What is a Producer Company?

A Producer Company is a special type of company formed under Section 378A to 378ZU of the Companies Act, 2013 (earlier under Companies Act, 1956), for the benefit of farmers or producers engaged in:

• Agriculture

• Animal husbandry

• Horticulture

• Forestry

• Fishing

• Handloom or handicrafts

• Bee-keeping or rural industries

The main aim is to improve income, reduce exploitation, and encourage collective business activities.

Who Can Form a Producer Company?

• 10 or more individual producers

• OR 2 or more producer institutions

• OR a combination of both

Only producers or producer institutions can become members. Others (e.g., traders) cannot invest or be members.

Objectives of a Producer Company:

• Production, harvesting, procurement, grading, pooling, handling, marketing, selling

• Processing activities like drying, distilling, brewing, canning, packaging

• Export of produce and import of goods/services for members

• Welfare of members (credit, insurance, education, training)

Documents Required:

For All Members & Directors:

• PAN Card

• Aadhaar/Voter ID/Driving License/Passport

• Passport-size photographs

• Bank statement or utility bill (as address proof)

For Registered Office:

• Rent agreement or property ownership proof

• Utility bill (not older than 2 months)

• NOC from landlord (if applicable)

Key Documents to be Prepared:

• Memorandum of Association (MoA)

• Articles of Association (AoA)

• Declaration by subscribers and directors

• Letter of authority from producer institutions (if any)

• Business plan and objectives

Producer Company Registration Process:

1. Obtain DSC (Digital Signature Certificate)
   For all directors and authorized signatories.

2. Apply for DIN (Director Identification Number)
   Required for all directors.

3. Reserve Company Name (SPICe+ Part A)
   Name must include "Producer Company Limited".

4. File SPICe+ Part B (Incorporation Form)
   Attach MoA, AoA, declarations, identity/address proofs.

5. PAN & TAN Application
   Filed along with incorporation.

6. Receive Certificate of Incorporation
   From the Ministry of Corporate Affairs (MCA) with CIN, PAN, and TAN.

Time Required:

Usually 15–25 working days, depending on document readiness and government approvals.

Post-Incorporation Compliances:

• Open company bank account

• Appointment of auditor within 30 days

• File INC-20A (Commencement of Business)

• Hold regular Board & General meetings

• Maintain financial records and audit books

• Annual ROC filings (AOC-4, MGT-7)

• File income tax return and GST (if applicable)

Why Choose SSA TAX for Producer Company Registration?

We provide end-to-end services:

• Name reservation and legal drafting

• Filing with MCA and incorporation support

• PAN, TAN & bank account setup

• Post-registration compliance & advisory

• Assistance with agri-subsidies, GST, MSME, and FPO schemes