A non-governmental organization (NGO) usually termed as non-profit Organisation usually deliver resources or serve some social or political purpose. NGOs or Non-profit Organisation are primarily concerned with promoting a cause and engaged in a wide range of activities.Non-profit Organisation or charitable institution in India can be registered in three ways.
Farmers Producer Company Registration Service in Purnea
A Producer Company is a gathering of individuals engaged with the generation of essential creates or having at least one objective identifying with essential deliver. In a maker organization, you can make agriculturist individuals and acknowledge stores in the type of Fixed Deposit/Recurring Deposit (FD/RD) and give them development and in addition circulate credits to your rancher individuals and charges enthusiasm from them. A gathering of ten/more individuals or two/more maker organizations or a mix of ten/more people and maker foundations can enroll as a Producer Company on the condition that. Avyud Consultancy is a specialized company for the registration and management of manufacturer companies in India and manages hundreds of companies across India. We have one of the top consulting companies to start and manage the business in India.
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Benefits of Producer Company Registration
The Producer Companies have few exclusive Benefits:-
- A separate legal entity offering limited liability and perpetuity.
- Government by the central Government, the Producer companies offer greater credibility than that provided by unregistered producer’s organization.
- Changes in the Board of management of a producer company can easily and swiftly be made just through filing some simple forms with ROC.
- A registered Producer company entitled to own, sell, enjoy, or alienate a property in its own name.
- A producer company can accept deposit in the form of RD/FD, and give maturity as well as distribute loans to its farmer/agriculturist members, and charge reasonable interest from them.
Documents Required for Producer Company Registration
TO BE SUBMITTED BY DIRECTORS & SHAREHOLDERS
- Copy of PAN Card of all the directors
- Passport size photographs of the directors
- Copy of the voter identity card/Aadhaar Card
- Copy of the Rent agreement(If it is a rented property)
- Water/Electricity bill (Business Place)
- Copy of the Property papers (If owned property)
- Landlord NOC
- Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Copy of Notarised Rental Agreement in English
- Copy of No-objection Certificate from property owner
- Copy of Sale Deed/Property Deed in English (in case of owned property)
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Types of Producer Companies
Marketing Businesses
Even a business involved in the marketing or promotion of primary produce or provision of educational services to members and others can constitute itself as a producer company.
Financing Businesses
Any business financing producer activities, be it in the production, marketing or development domain, can register itself as a producer company.
Infrastructure Businesses
Businesses involved in providing infrastructure to producers, whether in the form of electricity, water resources, irrigation techniques, land utilisation, or consultation with regard to the same, may constitute themselves as a producer company.
Technical Service Businesses
Any business offering technical assistance to producers, providing training and educational services or conducting research and development can register as a producer company.
Production Businesses
The main type of producer companies are those involved in production, procurement or manufacture of any primary produce for its members (for further sale) and to others.
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FAQs for Farmers Producer Company Registration Service
What is Farmers Producer Company Registration?
A Producer Company is a gathering of individuals engaged with the generation of essential create or having at least one objectives identifying with essential deliver. In a maker organization, you can make agriculturist individuals and acknowledge stores in type of Fixed Deposit/Recurring Deposit (FD/RD) and give them development and in addition circulate credits to your rancher individuals and charges enthusiasm from them. A gathering of ten/more individuals or two/more maker organizations or a mix of ten/more people and maker foundations can enroll as a Producer Company on the condition that:
- There is no limit on the maximum number of members of a Producer Company
- Minimum five directors are necessary for a Producer Company
- A Producer Company can have a Maximum of fifteen directors
- Producer Company can have only equity share capital
- The maximum amount of dividend (Limited Return) that can be paid by a Producer Company is determined by its Articles of association.
- The Producer Company can under no situation becomes a deemed public company
How to Register a Producer Company?
This section offers concise information regarding how to register a producer company anywhere in entire India. Broadly, the procedure for producer company registration and the documents required, are almost the same as in the cases of the majority of companies. The Integrated Form INC-29 may also be used for registration of a producer company.
For incorporation of a producer company in India, there are needed a minimum of Five Directors and Ten Shareholders/Members; there is no limit kept for the maximum permissible number of members. The following processes are involved in the procedure for its incorporation in India:
- Making DSCs and DINs for Directors
- And, Submission of other necessary documents.
- Name Approval and Reservation (Form INC-1)
- Filing the Incorporation Form INC-7 with the relevant ROC
- Filing Forms like INC-22, DIR-12, etc.
What are The Objects of the Producer Company?
- Manufacture, sale or supply of machinery, equipment or consumables mainly to its Members.
- Promoting techniques of mutuality and mutual assistance.
- Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Provided that the Producer Company may carry on any of the activities specified in this clause either by itself or through other institution;
- Processing including preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its Members;
- Providing education on the mutual assistance principles to its members and others.
- Rendering technical services, consultancy services, training, research and development and all other activities for the promotion of the interests of its members.
- Generation, transmission and distribution of power, revitalization of land and water resources, their use, conservation and communications relatable to primary produce.
- Insurance of producers or their primary produce.
- Welfare measures or facilities for the benefit of members as may be decided by the Board.
- Any other activity, ancillary or incidental to any of the activities referred to in clauses (C) to (B) or other activities which may promote the principles of mutuality and mutual assistance amongst the members in any other manner.
- Financing of procurement, processing, marketing or other activities specified in clauses (B) to (D) which include extending of credit facilities or any other financial services to its Members.
Who can become a Member in Producer Company?
A person being a “Manufacturer” or a “Producer Entity” (whether incorporated or not) may be admitted as a member of the Producer Company.
What does a Producer Institute Mean?
“Producer entity” means a Producer Company or any other entity which has as a member-only a Producer or Producer or Producer Company or Producer Companies, whether or not including any article referred to in section 581B and which provides for the services of the Producer; Agree to use the company or manufacturer companies as set forth in its articles.
How Long is a Producer Company License valid?
This once granted is valid for life, until it is revoked.
