Producer Company Registration
Producer Company Registration
A Producer Company is a special corporate entity established under Part IXA of the Companies Act, 2013 (originally introduced in the Companies Act, 1956) to enable farmers, agriculturists, and producers to collectively manage production, procurement, processing, and marketing of their produce. It combines the democratic governance of a cooperative with the professional management of a private limited company.
Key Highlights
Minimum 10 individual producers or 2 producer institutions (or a combination of both)
Minimum 5 directors; at least 1 must be an Indian citizen
Members’ liability is limited to the unpaid amount on shares held
Activities include production, harvesting, procurement, pooling, processing, marketing, and export of primary produce
Profits are distributed as patronage dividends based on participation
Name must end with “Producer Company Limited”
Eligible for government grants, subsidies, and NABARD funding
Registration timeline: 15–25 working days and based on MCA approval
Documents Required
- PAN Card, Aadhaar Card, and address proof of all directors and members
- Passport-size photographs of directors
- Registered office address proof with NOC
- Digital Signature Certificate (DSC) for directors
- MOA and AOA specifying producer company objectives
- List of members with their details and contributions
Process
1
Step 1: Obtain DSC for proposed directors
2
Step 2: Apply for name approval through SPICe+ Part A
3
Step 3: Prepare MOA and AOA specific to producer company objectives
4
Step 4: File SPICe+ Part B with MCA along with all supporting documents
5
Step 5: MCA reviews and issues Certificate of Incorporation
6
Step 6: Apply for PAN, TAN, and open a bank account
Timeline
Complete registration within 10-15 working days
Pricing
Starting from Rs. 6,999/- (inclusive of government fees)
Producer Company registration is the ideal structure for Farmer Producer Organizations (FPOs), agricultural cooperatives, and rural enterprise groups seeking to leverage collective bargaining power while enjoying limited liability protection.
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