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PRODUCER COMPANIES- (Section 581A to 581Z) of Companies Act 2013
Producer means any person engaged in any activity connected with or relatable to any primary produce and Producer Company means a body corporate having objects or activities specified in section 581B and registered as Producer Company under this Act.
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Object of Producer Company–
- Production, harvesting, procurement, sorting, bundling, handling, marketing, sales, export of primary products Importing goods or services for the benefit of members or their interests: However, the manufacturer itself or other facilities.
- Processing including product storage, drying, distillation, brewing, winemaking, storage, and packaging member.
- Manufacture, sale or supply of machinery, equipment, or consumables primarily to its members.
- Provide training to members and others on the principles of mutual assistance.
- Providing technical services, advisory services, training, research and development, and all other activities Promote the interests of members.
- Energy generation, transmission and distribution, activation of land and water resources, their use, Preservation, and communication related to primary products.
- Manufacturer or its primary insurance Produce.
- Promoting techniques of mutuality and mutual assistance
Checklist of Documents for Formation of Producer Company
- Number of directors- Minimum number of 5 directors and
- Number of members – Minimum 10 members
- Minimum paid-up capital of Rs. 5 Lakhs is required to form the company.
- Producer Certificate from all the Subscribers
- Copy of PAN Card
- Copy of ID Proof (Driving License or Passport or Voter ID Card)
- Copy of Address Proof (Latest Bank Statement or utility Bill -Electricity Bill, Mobile Bill, Telephone Bill and Gas Bill)
- Passport-sized photographs of all directors and shareholder
- Registered office proof (copy of any Utility bill – Electricity Bill, Mobile Bill, Telephone Bill and Gas Bill)
- Rent Agreement In case of rented property along with NOC from the owner
- In case of owned Property, if the property is consented than NOC from the owner.
- Mobile No. and Email ID
- Copy of PAN Card
- Passport-sized photographs
- Address proof (Aadhaar Card copy or any other)
- Mobile No. and Email ID.
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For any type of assistance feel free to contact or reach at: – MG Associates (Company Secretaries)- CS Manisha Mittal – 70152-77705
I have done my best to provide all the specifics, but please accept my apologies if any of the information supplied is incorrect. Please feel free to comment, interact, and propose topics for future posts.
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what are the forms to be filled right after incorporation?