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Jan 19, 2022 · The maximum number of participants is 50. To start a producer business, ten or more ‘Primary Producers’ are necessary. A minimum of two people are required to register them, much like a private limited company. A minimum authorized and paid-up capital of INR 5 lakh is required. The maximum number of directors is five.
Jun 3, 2021 · An Overview on Formation & Producer Company Registration. Types of Producer Companies exist in our Nation. Production Businesses. Marketing Businesses. Technical Service Businesses. Financing Business. Infrastructure Businesses. Duties performed by the producer company’s members as per the Act.
Any director of the Producer Company may complete and sign the application before submitting it to the ROC, along with the required supporting documentation. STEP 5 – Issue of Certificate of Incorporation. The ROC, after receiving the application for Producer Company registration, verifies all the details and documents furnished in it.
May 27, 2023 · A producer company is a company registered with a minimum of 10 people and a maximum of 200 people under the Companies Act, 2013, with the objective of production, harvesting, processing, procurement, grading, pooling, handling, marketing, selling, and export of primary produce of its members, or import of goods or services for the benefit of its members.
Jun 18, 2021 · BENEFITS OF PRODUCER COMPANY: 1) All the members of Producer company are always eligible for financial assistance by way of credit facility but the period not exceeding more than 6 months. 2) Every member of the Producer Company will receive a value for the product or products pooled and supplied as determined by the Director. The amount will ...
Oct 21, 2016 · Producer Company is a company registered under the Companies Act 2013 and shall carry on any of the following activities: Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of members or import of goods or services for their benefit; Processing including preserving, drying, distilling ...
Feb 12, 2021 · A producer company can be formed by ten or more producers, two or more producer institutions or a combination of 10 or more producers and producer institutions. Such a company can only have equity ...
