A Producer Company is a group of individuals involved in the production of primary produce or having one or more goals relating to primary produce. In a producer company, you can make agriculturist members and allow deposits in kind of FD/RD and offer them maturity along with disperse loans to your farmer members and charge interest from them. A group of ten/more people or two/more producer institutions or a combination of ten/more people and producer institutions can register as a Producer Company on the condition that:
1. Producer Company can have just equity share capital
2. The minimum paid-up capital required for development of a Producer Company is Rupees 5 Lakhs only
3. Minimum ten individuals or two producer institutions or any mix of ten people and producer institutions are needed for incorporating a Producer Company
4. There is no limit on the optimum number of members of a Producer Company
5. Minimum 5 directors are essential for a Producer Company.
6. A Producer Company can have an optimum of fifteen directors
7. The period of holding of office of the directors of a Producer Company will range from one year to 5 years based on the provisions made in the Articles of Association.
8. The very first directors ought to be chosen by the subscribers to the memorandum and short articles of association within ninety days from the date of producer company registration.
9. The directors besides the first directors shall be elected or designated by the members in their AGM or annual general body conference.
10. The Producer Company can under no situtation end up being a deemed public business
11. In case of Producer Company comprising only of individual members or mix of individual members and producer institutions, then the voting rights shall be thought about on one vote per member
12. In case of Producer Company consisting only of producer organizations, then the voting rights shall be thought about on the involvement in business of the Producer Company in the previous year.
13. The Producer company can restrict the ballot rights to only its active members on the condition that it is licensed by its Articles of Association
14. The Board of Directors of the Producer Company will fulfill at least one in every three months and at least four such conferences shall be kept in every year
15. The First AGM or annual basic meeting of the Producer Company will be held within ninety days from the date of its incorporation.
16. If its average annual turnover surpasses Rupees Five Crores in each of the three successive monetary years, a Producer Company is needed to appoint a full-time secretary
17. The optimum amount of dividend (restricted return) that can be paid by a Producer Company is identified by its Articles of Association. producer company registration
Address : Crystal Consultancy, Office Number-204, 45B, 1st Floor, HasanpurMain Road, Patparganj, I.P. Extension, Delhi- 110092
phone no-011-22235922,9711105597 7838272423
1. Producer Company can have just equity share capital
2. The minimum paid-up capital required for development of a Producer Company is Rupees 5 Lakhs only
3. Minimum ten individuals or two producer institutions or any mix of ten people and producer institutions are needed for incorporating a Producer Company
4. There is no limit on the optimum number of members of a Producer Company
5. Minimum 5 directors are essential for a Producer Company.
6. A Producer Company can have an optimum of fifteen directors
7. The period of holding of office of the directors of a Producer Company will range from one year to 5 years based on the provisions made in the Articles of Association.
8. The very first directors ought to be chosen by the subscribers to the memorandum and short articles of association within ninety days from the date of producer company registration.
9. The directors besides the first directors shall be elected or designated by the members in their AGM or annual general body conference.
10. The Producer Company can under no situtation end up being a deemed public business
11. In case of Producer Company comprising only of individual members or mix of individual members and producer institutions, then the voting rights shall be thought about on one vote per member
12. In case of Producer Company consisting only of producer organizations, then the voting rights shall be thought about on the involvement in business of the Producer Company in the previous year.
13. The Producer company can restrict the ballot rights to only its active members on the condition that it is licensed by its Articles of Association
14. The Board of Directors of the Producer Company will fulfill at least one in every three months and at least four such conferences shall be kept in every year
15. The First AGM or annual basic meeting of the Producer Company will be held within ninety days from the date of its incorporation.
16. If its average annual turnover surpasses Rupees Five Crores in each of the three successive monetary years, a Producer Company is needed to appoint a full-time secretary
17. The optimum amount of dividend (restricted return) that can be paid by a Producer Company is identified by its Articles of Association. producer company registration
Address : Crystal Consultancy, Office Number-204, 45B, 1st Floor, HasanpurMain Road, Patparganj, I.P. Extension, Delhi- 110092
phone no-011-22235922,9711105597 7838272423
