A Producer Company is a unique business entity under the Companies Act, 2013 (Section 378A to 378ZT) specifically designed for farmers, artisans, and primary producers in India. It blends the cooperative spirit with the corporate structure, allowing members to enjoy limited liability, professional management, and access to modern markets while retaining ownership and control.

The primary objective is to improve the economic welfare of its members by:

• Pooling resources for better bargaining power

• Accessing technology, credit, and modern inputs

• Ensuring fair prices for produce

• Reducing exploitation by middlemen

Who Can Form a Producer Company?

Eligible Members

Key Characteristics

• Member-driven: Only producers can become members

• Democratic control: One member = one vote (regardless of shareholding)

• Profit distribution: Based on patronage (usage of services), not capital contribution

• Perpetual succession: Continuous existence regardless of member changes

Key Benefits of Producer Company Registration

Objects/Purposes of a Producer Company

A Producer Company can engage in the following activities:

1. Production, harvesting, pooling, marketing, and sale of members’ produce

2. Processing of members’ produce (preserving, drying, curing, etc.)

3. Manufacturing of equipment, inputs, or value-added products

4. Supply of inputs (seeds, fertilizers, livestock, tools) to members

5. Technical services, consultancy, training, and R&D

6. Welfare measures and social security for members

7. Insurance services for members and their produce

8. Power generation, transmission, and distribution for agricultural use

9. Transportation and storage facilities

10. Export, import, and international trade of produce

Registration Process – Step by Step

Step 1: Obtain Digital Signature Certificate (DSC)

• All proposed directors must obtain Class III DSC from authorized agencies

Step 2: Apply for Director Identification Number (DIN)

• All directors need unique DIN from MCA portal

Step 3: Name Reservation

• File RUN (Reserve Unique Name) or Part A of SPICe+ form

• Name should end with “Producer Company Limited“

Step 4: Draft Constitutional Documents

• Memorandum of Association (MOA) – Objects and scope

• Articles of Association (AOA) – Internal rules and regulations

• List of Members with consent forms

Step 5: File Incorporation Form (SPICe+ Part B)

• Submit SPICe+ Form (INC-32) along with:

  • MOA (INC-33)

  • AOA (INC-34)

  • INC-20A (Declaration for commencement)

  • AGILE-PRO (for GST, PAN, TAN, PF, ESIC)

Step 6: Pay Government Fees & Stamp Duty

• Based on authorized share capital (minimum ₹5 lakhs recommended)

Step 7: Receive Certificate of Incorporation

• Validated by Registrar of Companies (RoC)

• Includes PAN, TAN, and corporate identity number (CIN)

Average Processing Time: 10–15 working days (subject to MCA approval)

Documents Required for Registration

For Individual Members/Directors (Indian Nationals)

For Registered Office

For Producer Institutions

• Certificate of registration of cooperative/society

• Resolution authorizing membership in Producer Company

• List of governing body members

Post-Registration Compliance

Capital Requirements

Why Choose Expert Vakil for Producer Company Registration?

With 12+ years of specialized experience in corporate law, agricultural sector, and cooperative regulations, Expert Vakil offers:

✅ End-to-end registration – From name approval to certificate receipt
✅ Customized MOA/AOA – Tailored to your specific produce and operations
✅ Document verification – Error-free filing to avoid rejection
✅ Government liaison – Direct coordination with RoC, MCA, NABARD
✅ Post-registration support – Compliance, audit, GST, and annual filings
✅ Cost-effective packages – Transparent pricing with no hidden charges
✅ Pan-India coverage – Serving farmers and producers across all states