Producer Company Registration is usually for the primary producers and this registration is mainly for the people engaged in Agricultural Activities such as the Animal Husbandry, Horticulture, Floriculture, Pisciculture, Viticulture, Forestry, Re-vegetation, Bee raising and others. People who engages themselves with the other activities like handloom, handicraft etc. This business is mostly preferred by the farmers. There are no geographical boundaries in this business. The Government Intervention is very less while running the company and this business also gets access to the financial organisation for daily expenses.
These companies can also be termed as private Limited Companies and the member to set up the company can be more than 50. To start a Producer company there should be more than 10 people being producer or more than two producer companies. While there is fault in this formation is that, the producer companies could not be converted to other business. The capital that would be needed for the incorporation of the company is 5 Lakhs. There are various schemes that the producer companies can take advantage. These are given by the Central ad State Government.
First step: Receiving Documents & Apply DIN & DSC
Second Step: MOA and AOA Drafting electronically in Spice MOA (INC-33) and Spice AOA (INC -34) 3-5 Days
Third Step- Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34) 6 to 9 Days
Fourth Step - Certificate Of Incorporation, PAN & TAN 10 to 12 Days