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Your Producer Company
Wish to engage in activities relating to Produce (grown or produced) in farming? Producer Company is for you. Prices start at INR 23,999/- only.
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What is Producer Company Registration?
All you need to know
What is Producer Company?
A Producer Company is a company, formed with an objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Term “Produce” means things that have been produced or grown, especially by farming. This means that, a Producer Company deals primarily with agriculture and post-harvest processing activities.
Conditions to form a Producer Company:
- A Producer Company can be formed by 10 or more Individuals as producers.
- Two or more producer institutions or a combination of 10 or more producers and producer institutions.
- A minimum capital of Rs. 500,000 is required to incorporate a Producer Company.
- The share capital of a Producer Company shall consist of equity shares only.
- The shares held by a Member in a Producer Company, shall be in proportion to the backup of that company.
- There should be minimum 5 directors and maximum of 15 directors in aProducer Company.
- A full time chief executive (CEO) should be appointed by the board.
- There is no maximum limit of the members.
- The Producer Company in India cannot be deemed as a public company.
- There should be at-least four boards meetings every year and the meetings should not be held less than once every three months.
Who can become a Member in Producer Company?
- A person being a “producer” or a “producer institution” (whether incorporated or not) can be admitted as member of Producer Company
Over the period Producer Company has gained popularity due to the following:
- Co-operatives have largely been state promoted, with a focus on welfare rather than to do business on commercial lines and more State government intervention in the management of Co-operatives.
- Whereas Companies Act is central legislation comparatively more liberal and minimal government control in the management of the Company.
- A Producer Company is hybrid of Company and Co-operative Society.
- It combines the goodness of a co-operative enterprise and vibrancy and efficiency of a company and accommodates the unique elements of cooperative business with a regulatory framework similar to that of a company.
In India, a vast majority of farmers are marginal farmers with minimal land holdings individually. This restricts them to use the latest technologies in farming. This results in to lower economies of scale. A Producer Company is aimed at organizing a group of marginal farmers and ensuring larger economies of scale.
Why ThinkBiz Filings as Service Provider for Your Producer Company Registration?
ThinkBiz Filings is a group of intellectuals. The entire team of ThinkBiz Filings consists of Highly qualified CA, CS, Lawyers and business administrators. ThinkBiz Filings would be a one stop destination for your Producer Company Registration. We also provide services like Start up advisory, Secretarial compliance services, PAN / TAN application, DIN registration, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09704561215 or email info@ThinkBizFilings.com for free consultation and to know more about the services provided by us.
Our Pricing
BASIC
- 10 Digital Signature Certificates
- 5 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- e-PAN, e-TAN
- ESIC & EPF Registration through SPICe Plus
- Bank Account opening (feature) through SPICe Plus
Our Pricing
OPTIMAL
- 10 Digital Signature Certificates
- 5 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- e-PAN,e-TAN
- ESIC & EPF Registration through SPICe Plus
- Bank Account opening (feature) through SPICe Plus
- GST Registration,INC-20A Filing, Appointment of 1st Auditor
Our Pricing
ULTIMATE
- 10 Digital Signature Certificates
- 5 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- e-PAN,e-TAN
- ESIC & EPF Registration through SPICe Plus
- GST Registration,INC-20A Filing,Appointment of 1st Auditor
- Form AOC -4 (Form for filing financial statement and other documents with the Registrar)
- Form MGT -7 (Form for filing annual return by a company)
Compliance Requirements for a Partnership Firm
Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.
Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.
Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.
firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency
Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.
Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.
Documents Required for Partnership Firms
Key Benefits of a Partnership Firm
Points to make your decision easy
Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.
Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.
Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.
Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.
Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.
Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.
Our most honorable clients
Get answers to all your queries
- A Producer Company is a company registered under the Companies Act, 2013, specifically for farmers and producers to engage in production, harvesting, processing, procurement, and selling of primary produce.
- A Producer Company can be formed by: ✅ 10 or more individual producers (farmers, artisans, etc.) OR ✅ 2 or more Producer Institutions OR ✅ A combination of both
- The main objectives include: ✅ Production, processing, and selling of agricultural products ✅ Export of primary produce ✅ Education and training for producers ✅ Technical and financial assistance for farmers
- A Producer Company is a hybrid—legally, it is treated like a Private Limited Company, but there is no limit on the number of members, similar to a Public Limited Company.
- The steps include: ✅ Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) ✅ Reserve a unique company name (via RUN on MCA portal) ✅ Draft the MOA & AOA ✅ File SPICe+ (INC-32) form with required documents ✅ Obtain Certificate of Incorporation (COI)
- For Individuals: ✅ PAN Card & Aadhaar Card ✅ Address proof (Electricity Bill, Passport, etc.) ✅ Passport-size photos 📌 For Producer Institutions: ✅ Certificate of Incorporation ✅ Board Resolution for becoming a member
- No minimum capital is required, but having ₹5 lakh as paid-up capital is advisable.
- A Producer Company must have: ✅ Minimum 5 Directors ✅ Maximum 15 Directors
- Limited Liability Protection for members ✅ Better financial support (eligibility for NABARD and government schemes) ✅ Tax benefits on agricultural income ✅ Legal recognition and credibility ✅ Easy access to loans & subsidies
- Yes, it can raise funds through: ✅ Equity investments from members ✅ Government & NABARD schemes ✅ Bank loans
- Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215
