Producer Company Registration Online: A Comprehensive Guide

A Producer Company is a hybrid entity, combining the benefits of cooperative societies and private limited companies. Introduced under the Companies Act, 1956 (now regulated under the Companies Act, 2013), Producer Companies aim to improve the livelihoods of primary producers, including farmers, artisans, and other rural producers. This guide provides a detailed overview of the online registration process for a Producer Company in India.

Benefits of a Producer Company
Limited Liability: Members' liability is limited to the amount of unpaid share capital.
Separate Legal Entity: The company is a distinct legal entity, separate from its members.
Perpetual Succession: The company continues to exist irrespective of changes in membership.
Ownership and Management: Owned and managed by the producers, ensuring democratic decision-making.
Tax Benefits: Certain tax exemptions are available for Producer Companies under the Income Tax Act.
Eligibility Criteria
To form a Producer Company, the following conditions must be met:

Minimum of 10 individual producers (or)
Two or more producer institutions (or)
Combination of the above
Documents Required
Identity Proof: PAN card, Aadhar card, or passport of all members.
Address Proof: Bank statement, electricity bill, or telephone bill (not older than two months).
Registered Office Proof: Rent agreement and NOC from the owner, or property ownership documents.
Photographs: Passport-sized photos of all members.
Other Documents: Digital signature certificate (DSC) and director identification number (DIN) for all directors.