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Online Incorporation Service of Producer Company

Producer Company were set up to help agriculture and farmers to gain access to input, credit, production technology, market etc. as per the Companies Act 1956, A Producer Company is a legally recognized body of farmers to ensure a better standard of living for them. It is formed by ten or more individuals or between two institutions or with a combination of the two. The members should have their business objective as procurement, production, harvesting, grading, pooling, handling, marketing, selling, or export. Tax Seva Kendra is a professional firm that helps its clients with online registration of Producer Company at the most affordable prices.

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Benefits Of Incorporating Producer Company

Member Benefits

The members of the Producer Company are the farmers and agriculturists they will receive the value for the product or products pooled and supplied as the directors decide. The amount is given out later either in cash or in kind or by allotment of equity shares. The members are eligible to get bonus shares in proportion to the shares held by them. The surplus after provision for payment of limited return and reserves are given out as patronage bonus. Patronage bonus means a payment from the surplus income to the members in proportion to their respective patronage.

Tax Benefits

As per the Income Tax Act 1961 the agricultural income however in certain cases the exemption may vary as per the agricultural activity carried on. The law does not specify any specific tax benefits, which essentially provides to the producer company by its definition.

Loan And Investment

The members of the Producer Company are primary producers who need financial support. Thus they can avail credit facility for six months for business-related work. Against security, the members can get a loan for a period not exceeding more than seven years. NABARD provides support and financial assistance to meet the needs of Producer Companies.

Lower Registration Cost

The registration cost for the Producer Company is very nominal as India is an agricultural company and the members are a primary producer who is from the low-income group.

No Requirement Of Compulsory Audit

It is not mandatory by law to get the Producer Company audited.

Savings From Lower Compliance Of Burden

The documents or statements to be submitted by a Producer Company is very little and thus it saves enough amount.

Price Table
Plan - A

BASIC

15000
+ GST 18%

Who Should Buy
  • Annual Turnover under Rs. 10 crore
  • Entrepreneur who want to start a primary production company.
Service Highlights
  • Certificate of Incorporation (COI)
  • Permanent Account Number (PAN)
  • Memorandum of Association (eMOA)
  • Articles of Association (eAOA)
  • DIN for 5 Directors
  • DSC for 5 Directors
  • PF Registration
  • ESI Registration
  • Current Account
  • Free Logo & Digital Marketing
Documents Required
  • Directors PAN, AADHAAR, VOTER Card
  • Directors Electric Bill
  • Directors Driving Licence or Passport (If any)
  • Directors Last 6 months Bank Statement
  • Directors Photo
  • Directors Email and Mobile Number
Book Now
Plan - B

STANDARD

17000
+ GST 18%

Who Should Buy
  • Annual Turnover under Rs. 15 crore
  • Entrepreneur who want to start a primary production company.
Service Highlights
  • Certificate of Incorporation (COI)
  • Permanent Account Number (PAN)
  • Memorandum of Association (eMOA)
  • Articles of Association (eAOA)
  • DIN for 5 Directors
  • DSC for 5 Directors
  • PF Registration
  • ESI Registration
  • Current Account
  • Free Logo & Digital Marketing
  • MSME Registration
  • GST Registration
Documents Required
  • Directors PAN, AADHAAR, VOTER Card
  • Directors Electric Bill
  • Directors Driving Licence or Passport (If any)
  • Directors Last 6 months Bank Statement
  • Directors Photo
  • Directors Email and Mobile Number
Book Now
Plan - C

PREMIUM

21000
+ 18%

Who Should Buy
  • Annual Turnover under Rs. 15 crore
  • Entrepreneur who want to start a primary production company.
Service Highlights
  • Certificate of Incorporation (COI)
  • Permanent Account Number (PAN)
  • Memorandum of Association (eMOA)
  • Articles of Association (eAOA)
  • DIN for 2 Directors
  • DSC for 2 Directors
  • PF Registration
  • ESI Registration
  • Current Account
  • Free Logo & Digital Marketing
  • MSME Registration
  • GST Registration
  • Certificate of Commencement (COC)
  • Auditors Appointment (ADT-1)
Documents Required
  • Directors PAN, AADHAAR, VOTER Card
  • Directors Electric Bill
  • Directors Driving Licence or Passport (If any)
  • Directors Last 6 months Bank Statement
  • Directors Photo
  • Directors Email and Mobile Number
Book Now

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FAQ
Q. A producer company is governed under which law?

The formation, working, and regulations of a Producer Company is governed under the provisions of Sections 581 A to 581 ZL of companies Act 1956.

Q. Who is eligible to be a member of a Producer Company?

A. Any ten persons or two institutions who are producer can start the Producer Company. Producer implies any person engaged in any activity or connected with primary produce or produce arising from agriculture, animal husbandry, horticulture, floriculture, re-vegetation, bee raising and farming.

Q. Question ? Required

A.Answer Required