Producer company registration is the process of forming a company under the Companies Act, 2013, where the primary objective is to serve the interests of producers. These producers can include farmers, fishers, dairy workers, or other primary producers. This type of company combines the benefits of a private limited company and a cooperative society, offering legal recognition and structured governance.

Eligibility Criteria for Producer Company Registration

Before applying for producer company registration, ensure your business meets these criteria:

1. Members: A minimum of 10 producers (individuals) or two producer institutions are required.

2. Primary Activity: Activities must involve producing or processing agricultural products, dairy, fishing, forestry, or similar goods.

3. Ownership Structure: Only producers or producer institutions can own shares.

4. Purpose: The company should focus on welfare activities like technical assistance, training, or marketing.

Producer Company Registration Process

1. Gathering Documents for Producer Company Registration

To begin producer company registration, gather the following documents:

1. Identity Proof: PAN cards of all members.

2. Address Proof: Aadhaar cards, voter IDs, or driving licenses.

3. Office Address Proof: Rental agreement or property ownership proof.

2. Apply for Digital Signature Certificates (DSCs)

All members involved in the producer company registration process must have DSCs to sign online forms.

3. Obtain Director Identification Numbers (DINs)

The proposed directors must apply for DINs, a prerequisite for producer company registration.

4. Reserve a Name

Submit Form SPICe+ to reserve the company’s name, ensuring it aligns with the guidelines for producer company registration.

5. Draft the Memorandum and Articles of Association

The company’s objectives and rules are outlined in these documents. They are crucial for successful producer company registration.

6. Filing Incorporation Application

Submit the incorporation form (SPICe+) with all required documents for producer company registration.

7. Approval and Certification

Once approved, the Registrar of Companies (RoC) will issue a Certificate of Incorporation, completing the producer company registration process.