Farmer Producer Company Registration
The economy of India is an agricultural centric economy. Around 60% of population depends on agricultural activities for their livelihood. But, the primary producers and farmers have had a long struggle in India. In order to address these problems, the Government of India set up an expert committee, led by Y.K. Alagh (an economist) to look into the matter. In the year 2002, they introduced the Producer companies concept to the Indian economy. Since then, they have helped primary producers gain access to input, credit, production technology, market etc.
Pre-Incorporation Checklist
Any 10 or more producers (individuals) can join together to form a production company but there is no upper limit on the number of members.
Or, any 2 or more producer institutions can form a producer company.
There should be a minimum of 5 directors (maximum of 15) in a producer company.
It can never be converted into a public company however it can be converted into a multi-state co-operative society.
The name of a producer company must end with the words “Producer Limited Company”
Information Needed:
FOR
STAKEHOLDERS
|
FOR
COMPANY
|
1
|
Name,
Contact Number and Email Id of all the Stakeholders.
|
1
|
Proposed
Names and Objects of Company.
|
2
|
Self-Attested
PAN, Aadhar & Passport size photo of all the Stakeholders.
|
2
|
Mail
Id and Mobile number for the company
|
3
|
Latest
Bank Statement/Mobile bill or utility bill of all the Stakeholders.
|
3
|
Latest
Electricity Bill/Landline Bill of Registered Office
|
4
|
Digital
Signature Token (If Already)
|
4
|
NOC
from owner of registered office. (If Owned)
|
5
|
Director
Identification Number (If Already)
|
5
|
Rent
Agreement from Landlord. (If Rented/Leased)
|
6
|
Designation/Position
in the company
|
6
|
Authorized
Capital.
|
7
|
Profit
Sharing Ratio of all the stakeholders
|
7
|
Paid
Up Capital.
|
8
|
Farmer
Certificate of the Stakeholder
|
8
|
Authorized
Person.
|
Process:
- Apply
for the DSC
- File
DIR-3 for DIN allocation or you can apply with Spice Part B form.
- Preparation
of DIR-2, NOC.
- Login
in to MCA V3 Portal.
- Preparation
of Spice+ forms on MCA Portal such as Spice Part A, Spice Part B, Agile
Pro, MOA, AOA, INC-9
- After signing the forms upload the
form in the portal and submitted the forms and proceed for payments.
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