Producer Company Registration online

Producer Company Registration in India 

Apply for your Producer Company Registration in Tamil Nadu and across all parts of India online. Know the procedures and formalities to get your registration done through Tax Robo.


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Producer Company Registration
  

"Producer Company" means a body corporate having objects or activities specified in section 581B and registered as Producer Company under the Companies Act, 1956.

Producer Company Registration Under Companies act 2013:


"Producer Company" means a body corporate having objects or activities specified in section 581B and registered as Producer Company under the Companies Act, 1956.


Main Business of Producer Companies:

A producer company is basically a body corporate registered as Producer Company under Companies Act, 2013 and shall carry on or relate to any of following main activities classified broadly:

(a) Production, harvesting, processing, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit

(b) Rendering technical services, consultancy services, training, education, research and development and all other activities for the promotion of the interests of its Members

(c) Generation, transmission and distribution of power, revitalization of land and water resources, their use, conservation and communications relatable to primary produce

(d) Promoting mutual assistance, welfare measures, financial services, insurance of producers or their primary produce


Process of Incorporation of a Producer Company in India​


  • At Least 10 Producer: Producer who will promote / incorporate the Company. Promoters may be individual or producer institutes.
  • At Least 5 Directors: Directors should be individual only.
  • Generally, in most of the cases, Promoters and Directors are the same in Companies.

Producer Company Registration Packages

Basic Package

₹39999 .00

* All Exclusive

  • MOA & AOA Drafting
  • Digital Signature Certificate 2 Years Validity (10 Persons)
  • Name Approval
  • PAN & TAN
  • Incorporation Fees Authorised Capital Of Rs.5 Lakhs
  • GST Registration
  • Incorporation Certificate
  • Appoint First Auditor of the Company
  • Free Bank Account Opening

Family Auditor

₹54999 .00

* All Exclusive

  • MOA & AOA Drafting
  • Digital Signature Certificate 2 Years Validity (10 Persons)
  • Name Approval
  • PAN & TAN
  • Incorporation Fees Authorised Capital Of Rs.5 Lakhs
  • GST Registration
  • PF & ESI Registration
  • Incorporation Certificate
  • Share Certificate 
  • Appoint First Auditor of the Company
  • Free Bank Account Opening
  • Free GST Monthly Return 1 Month
  • Free Experts Consulting  

Important Steps before Producer Company Registration

Knowledge of the Business

✓ Do you have previous experience in the same Business? how many years?

✓ Product analysis with the questions of whether the product is under any restricted sales in India eg. Cement, Steel.

Marketing Strategy

✓ Marketing strategy is available with target customers.

✓ Pricing of products and margin available in the product.

Growth of the Business

✓ Growth of the Business in India for the next 5 to 10 years.

✓ Feasibility report of the Business and products.

✓ Business plans and projected Financial Product for 5 years.

Funds – Working Capital

✓ Sufficient working capital required for running the Business for a minimum period of 3 months. The funds can be own funds or Bank funds.

✓ How many months of Investment in the Business have required, returns on investments, and working capital funds available for fixed expense months?

Producer Company Registration Process in simple steps

Step 1

Obtain Dsc for Directors And Apply Name Approval (After Check Company Name Availability)

Step 2

Incorporation Of Documents (Draft Sent To You For Confirmation)

Step 3

File Spice + Forms

Step 4

Get Incorporation Certificate, Pan, TAN & Bank Accounts

Documents required for Producer Company Registration


ID Proof

Scanned copy of PAN Card, Voter ID, Passport , Driving License

Registered Office Proof

No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property) / Registry Proof or House Tax Receipt (in case of owned property)

Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Photo

Latest passport size photograph

Further Documents required for Producer Company Registration:


  • DIR-2- Declaration from first Directors along with Copy of Proof of Identity and residential address.(On Plain Paper and make sure address on all ID proof should be same)
  • In case of subscribers / Director does not have a DIN, it is mandatory to attach. Proof of identity and residential address of the subscribers
  • All the Subscribers should have Digital Signature.

Compliance After Producer Company Registration


Statutory Obligations

✓ File GST return every month without delay

✓ PF & ESI return filing

✓ TDS Payments & Return filings

✓ Advance Tax payments

✓ File Income Tax return by every year before due date

Compliances

✓ GST registration

✓ PF & ESI Registration if applicable

✓ Profession Tax registration

✓ Import & Export Code registration

✓ STPI Registration / SEZ registration

✓ Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc

Accounts & Operations

✓ Open a Bank account with one Private Bank and one scheduled Bank

✓ Get one accounting software with GST facility

Performance

✓ Review Financial Products performance by every 3 months

✓ Compare the budget amount with actual Financial Products results