Farmer Producer Company Registration

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:
  1. Apply for the DSC
  2. File DIR-3 for DIN allocation or you can apply with Spice Part B form.
  3. Preparation of DIR-2, NOC.
  4. Login in to MCA V3 Portal. 
  5. Preparation of Spice+ forms on MCA Portal such as Spice Part A, Spice Part B, Agile Pro, MOA, AOA, INC-9
  6. After signing the forms upload the form in the portal and submitted the forms and proceed for payments.



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