{"id":5932,"date":"2019-08-08T19:20:03","date_gmt":"2019-08-08T13:50:03","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=5932"},"modified":"2020-07-28T18:20:36","modified_gmt":"2020-07-28T12:50:36","slug":"how-to-apply-for-producer-company-registration-in-india","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/","title":{"rendered":"How to apply for Producer Company Registration in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Before you bump into the process of obtaining <a href=\"https:\/\/swaritadvisors.com\/producer-company-registration\"><strong>Producer Company Registration<\/strong><\/a> in India, let\u2019s first understand the notion of introducing Producer Company. <\/p>\n\n\n\n<p>Approximately 62% of people in India depend upon\nagriculture; either directly or indirectly. However, the condition of farmers\nin India is quite poor due to the unorganized agricultural method and the lack\nof the latest technologies. <\/p>\n\n\n\n<p>Therefore, the government has set up an expert\ncommittee to look into this matter seriously. As a result, the Farmer Producer\nCompany came into existence to help farmers utilize the latest technologies and\nincrease theirs produces. <\/p>\n\n\n\n<p>With Producer Company Registration in India, one can\noperate the Farmer Producer Company without any legal complication.\nFurthermore, farmers will be organized, and their livelihood will also improve.\n<\/p>\n\n\n\n<p>Hence, if you have a keen interest in agriculture\nbut want to start a company of your own for better revenue, then the producer\ncompany would be the best option. But before you start your new venture, you\nmust obtain permission from the concerned authority.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a5502fe724d9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a5502fe724d9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Producer_Company_Registration_in_India_An_Overview\" title=\"Producer\nCompany Registration in India: An Overview\">Producer\nCompany Registration in India: An Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Primary_Objectives_of_a_Farmer_Producer_Company\" title=\"Primary Objectives of a Farmer Producer Company \">Primary Objectives of a Farmer Producer Company <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Basic_Requirements_for_starting_Producer_Company_in_India\" title=\"Basic\nRequirements for starting Producer Company in India\">Basic\nRequirements for starting Producer Company in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Eligibility_Criteria_for_obtaining_Producer_Company_Registration_in_India\" title=\"Eligibility\nCriteria for obtaining Producer Company Registration in India\">Eligibility\nCriteria for obtaining Producer Company Registration in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Documents_required_for_Producer_Company_Registration\" title=\"Documents required for Producer Company Registration \">Documents required for Producer Company Registration <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Steps_for_Producer_Company_Registration_in_India\" title=\"Steps\nfor Producer Company Registration in India\">Steps\nfor Producer Company Registration in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Step_1_Apply_for_Digital_Signature_Certificate_DSC\" title=\"Step\n1: Apply for Digital Signature Certificate (DSC)\">Step\n1: Apply for Digital Signature Certificate (DSC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Step_2_Apply_for_Company_Name_Approval_through_RUN\" title=\"Step\n2: Apply for Company Name Approval through RUN\">Step\n2: Apply for Company Name Approval through RUN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Step_3_Filing_of_SPICe_or_INC_32_for_company_incorporation\" title=\"Step\n3: Filing of SPICe or INC 32 for company incorporation\">Step\n3: Filing of SPICe or INC 32 for company incorporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-apply-for-producer-company-registration-in-india\/#Step_4_Grant_of_Certificate_of_Producer_Company_Registration\" title=\"Step\n4: Grant of Certificate of Producer Company Registration\">Step\n4: Grant of Certificate of Producer Company Registration<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Producer_Company_Registration_in_India_An_Overview\"><\/span>Producer\nCompany Registration in India: An Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Producer Company Registration is a mandatory permit required for running a farmer producer company in India. Such companies are registered with the Ministry of Corporate Affairs (MCAs) and regulated under the <a href=\"http:\/\/www.mca.gov.in\/Ministry\/pdf\/CompaniesAct2013.pdf\">Companies Act, 2013<\/a>. <\/p>\n\n\n\n<p>Generally, a producer company is the one which comprises a group of people who are engaged in the production of primary produce or have several objectives associated with the primary produce. In a nutshell, a Producer Company deals with agriculture and activities related to post-harvest processing. <\/p>\n\n\n\n<p>Hence, the main idea behind creating a Producer Company is\nto empower farmers by creating a cluster off organized farmers. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Primary_Objectives_of_a_Farmer_Producer_Company\"><\/span>Primary Objectives of a Farmer Producer Company <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Objective-of-Producer-Company-1024x538.png\" alt=\"objective of producer company\" class=\"wp-image-5937\" width=\"629\" height=\"330\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Objective-of-Producer-Company-1024x538.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Objective-of-Producer-Company-300x158.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Objective-of-Producer-Company-768x403.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Objective-of-Producer-Company.png 1200w\" sizes=\"(max-width: 629px) 100vw, 629px\" \/><\/figure><\/div>\n\n\n\n<p>The main intent of a Producer Company is to reduce the\nagriculture harvesting cost and provide the farmers with access to technology. <\/p>\n\n\n\n<p>Besides, such companies must be set up with the\nfollowing objectives:<\/p>\n\n\n\n<ul><li>Production of the Primary Produce<\/li><li>Marketing and Promotion of the Primary Produce<\/li><li>Handling and Poling of the Agricultural Produce<\/li><li>Procurement of the Primary Produce <\/li><li>Grading and Harvesting of the Produce<\/li><li>Import or Export or Selling Activities associated with the agricultural produce<\/li><\/ul>\n\n\n\n<p><div class=\"shadow4\"><b>Note:<\/b> Under the Companies Act, a Primary Produce is agricultural produce consisting of animal husbandry, viticulture, horticulture, bee raising, forest products, revegetation, pisciculture, floriculture, produce of handloom, handicraft, farming plantation products, and other cottage industries. <\/div><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Basic_Requirements_for_starting_Producer_Company_in_India\"><\/span>Basic\nRequirements for starting Producer Company in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Anybody who is desirous of starting a Farmer\nProducer Company in India must meet the basic requirements as follows:<\/p>\n\n\n\n<ul><li>The\ncompany must have ten or more producers in the organizations;<\/li><li>Two\nor more producer institution together can form a producer company, or;<\/li><li>Combination\nof both the aforesaid requirements.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_for_obtaining_Producer_Company_Registration_in_India\"><\/span>Eligibility\nCriteria for obtaining Producer Company Registration in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To obtain the producer company registration in\nIndia, you must satisfy the following eligibility criteria:<\/p>\n\n\n\n<ul><li>There\nneeds to be a minimum of five directors and ten members;<\/li><li>The\ncompany must hold the minimum paid-up capital of Rs. 5 lakh;<\/li><li>A\nProducer Company can possess only equity share capital;<\/li><li>Producer\nCompany can never be deemed as a public company, however later on one can\nconvert it into a multi-state co-operative society ;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_Producer_Company_Registration\"><\/span>Documents required for Producer Company Registration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Documents-for-Producer-Company-Registration-1024x538.png\" alt=\"documents required for producer company\" class=\"wp-image-5938\" width=\"614\" height=\"322\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Documents-for-Producer-Company-Registration-1024x538.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Documents-for-Producer-Company-Registration-300x158.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Documents-for-Producer-Company-Registration-768x403.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Documents-for-Producer-Company-Registration.png 1200w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><\/figure><\/div>\n\n\n\n<p>For obtaining Producer Company Registration in\nIndia, the applicant needs to submit the required documents. They are as follows:<\/p>\n\n\n\n<ul><li>PAN\ncard as an Identity proof of the directors or members of the company;<\/li><li>Address\nproof such as Aadhaar Card or Passport or Election ID card;<\/li><li>Passport-sized\nphotograph of all the shareholders and directors;<\/li><li>Copy\nof the latest utility bills such as Electricity bill or Water bill or Telephone\nbill;<\/li><li>Copy\nof Rent Agreement along with the NOC from the owner;<\/li><li>Copy\nof proper papers in case the property is owned by the applicant;<\/li><li>Other\ndocuments as requested by the authority. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_for_Producer_Company_Registration_in_India\"><\/span>Steps\nfor Producer Company Registration in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The process of registering a producer company is pretty similar to that of the <strong><a href=\"https:\/\/swaritadvisors.com\/private-limited-company-registration\">private limited company incorporation<\/a><\/strong>. <\/p>\n\n\n\n<p>For producer company registration, the applicant\nneeds to make an application with the RoC (Registrar of Companies) in the\nprescribed format along with the required documents. <\/p>\n\n\n\n<p>The ROC will further investigate and issue the\ncertificate of incorporation depending on the reliability of the application.<\/p>\n\n\n\n<p>The detailed procedure of the same is described\nbelow:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_1_Apply_for_Digital_Signature_Certificate_DSC\"><\/span>Step\n1: Apply for Digital Signature Certificate (DSC)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Digital Signature Certificate is the foremost\nrequirement for every kind of company registration in India. The applicant can\nobtain it by filing an application for the same with the concerned authority.\nLater on, the directors can use the DSC to file several other applications. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_2_Apply_for_Company_Name_Approval_through_RUN\"><\/span>Step\n2: Apply for Company Name Approval through RUN<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>RUN stands for Reserve Unique Name service which is used by the companies for name approval. One can suggest a maximum of two company names. <\/p>\n\n\n\n<p>Firstly, the RoC will check for the availability of\nthe proposed name. Depending upon the value it adds to the company and its\nuniqueness, the RoC will approve the company\u2019s name.<\/p>\n\n\n\n<p>Moreover, the approved name stands valid for 20 days in case of a new company. However, for the existing company, it is valid for sixty days. Within the required time frame, the applicant company has to file the SPICe form. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_3_Filing_of_SPICe_or_INC_32_for_company_incorporation\"><\/span>Step\n3: Filing of SPICe or INC 32 for company incorporation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SPICe is a company incorporation form and stands for Simplified Proforma for Incorporating Company Electronically. It\u2019s a single form used for obtaining the company name approval, DIN, company\u2019s incorporation, PAN &amp; TAN, CIN, etc.<\/p>\n\n\n\n<p>The applicant is required to file SPICe along with\nabove-described documents plus including those listed below:<\/p>\n\n\n\n<ul><li>INC-9 Affidavit <\/li><li>DIR-2 declaration from first Directors along with Copy of Identity Proof and residential address;<\/li><li>Max 3 directors can apply for DIN through Spice [After incorporation, for fresh director DIN can be obtained by filing form DIR 3]; <\/li><li>SPICe MoA (Memorandum of Association);<\/li><li>SPICe AoA (Articles of Association);<\/li><li>INC 35 AGILE [GSTIN, EPFO, ESIC]. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_4_Grant_of_Certificate_of_Producer_Company_Registration\"><\/span>Step\n4: Grant of Certificate of Producer Company Registration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once you have submitted the application, the RoC\nwill verify it. If he finds the application and documents complete and\nreliable, he will issue the certification of company registration. <\/p>\n\n\n\n<p>Once you have received the certificate of the company\u2019s incorporation, you need to open a bank account in the name of the company. Further, you can start the operation. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before you bump into the process of obtaining Producer Company Registration in India, let\u2019s first understand the notion of introducing Producer Company. Approximately 62% of people in India depend upon agriculture; either directly or indirectly. However, the condition of farmers in India is quite poor due to the unorganized agricultural method and the lack of [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[170],"tags":[87],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5932"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=5932"}],"version-history":[{"count":6,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5932\/revisions"}],"predecessor-version":[{"id":11957,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5932\/revisions\/11957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/5936"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=5932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=5932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=5932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}