📌 What is a Producer Company?
A Producer Company is a body corporate registered under the Companies Act, 2013, specifically for farmers, agriculturists, and producers.
🎯 Benefits
- Protects farmer interests.
- Collective bargaining power.
- Access to credit and government schemes.
- Limited liability.
👥 Eligibility
- Minimum 10 individual producers or 2 producer institutions.
- At least 5 directors.
📑 Documents Required
- PAN, Aadhaar of producers.
- Proof of agricultural activity.
- Office proof.
- DSC of directors.
⚙️ Process & Timeline
- File SPICe+ with ROC.
- Submit producer declarations.
- Obtain COI.
⏳ Timeline: 15–20 working days.
Service FAQs
No, only producers/agriculturists.
Yes, but only from members.
Yes, like a company audit is mandatory.
No, structure is unique.
Certain income (like agriculture) may be exempt.
