Producer Company is a company registered under the Companies Act, 2013, which has the 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. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.
In a producer company, you can appoint agriculturist members and accept deposits in the form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them. Producer Company Registration is done through Legal Firm India.
Conditions for Incorporation
- Ten or more individuals, each of them being a producer.
- Two or More Producer institutions.
- Combination of ten or more individuals and producer institution