Producer Company Registration
- Opt for hassle free producer company incorporation. FPO name registration done in 3 days
- MOA and bylaw Drafting , documentation and ROC filling done by experts
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Here’s How It Works
With three simple steps you can serve quality assured food to your customers!
1
Reach out to our experts and get your queries resolved
2
Reserve your company name.
3
Procure DSC and DIN.
4
Get your MOA and AOA drafted
Excellent service and support. Nimble Trio Team is very supportive and professional. I Really appreciate the service and support from the team.
Nimble Trio has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!
Nimble Trio is exactly what it does. Legal is simple. We went to Nimble Trio to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.
Here’s What You’ll Need
Registering a Farmer Producer Company is simple with Nimble Trio by your side. To keep your documents fully safe, Nimble Trio uses top-notch security measures and industry-leading protocols.
- A scanned copy of passport or PAN card
- Voter ID, passport, or driver's licence scan
- A passport-size scan of their pictures
- Recent bank statement
- Phone bill, utility bill, or mobile bill photograph
- Example of a signature (blank document with signature)
- A notarised english rental agreement
- A scanned copy of the property owner's no-objection certificate
- Scan of a sale deed or property deed (in case of owned property)
Why Should I Choose Nimble Trio for Online Farmer Producer Company Registration in India?
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Complete your Farmer Producer Company registration with Nimble Trio in just 5 simple steps!
Did you know ?
Prime Minister Narendra Modi launched the initiative with the aim of creating 10,000 new Farmer Producer Organizations (FPOs). The program is designed to help small and marginal farmers become self-reliant (‘Aatmanirbhar’) by bringing them together on a larger scale.
India’s first Farmer Producer Company, Vanilla India Producer Co., was established in Kerala in 2004. According to an NCDC press release, the country’s first registered FPO under the Cooperative Societies Act—a facility that processes mushrooms and green chilies—was set up in Varanasi.
An Overview on Producer Company
Producer Companies were introduced in India under the Companies Act of 2013. They provide an opportunity for individuals involved in production—typically through farming—to form a legal corporate entity. A producer company can be founded by more than two producer institutions or at least 10 individual producers. This type of company operates on the basis of equity capital and requires a minimum of 5 directors. The business must be registered with a minimum authorized capital of ₹5 lakh. A private limited company can also be incorporated using a process similar to that of a producer company.
Advantages of a Producer Company
- Any company runs the chance of going in loss and unable to cover its debts. In such a case, a sole proprietor (or individual producer) would be held individually responsible for any business debts. On the other hand, because a production corporation is an independent legal entity, its members are subject to unlimited liability. As a result, only the money invested in the business would be lost; the directors’ personal property would be secure.
Only around 15% of Indian farmers own more than two acres of land. As a result, most farmers cannot benefit fully from economies of scale. A producer company allows multiple farmers to collaborate, reduce costs, share risks, and access better financing options. This enables better planning, higher efficiency, and increased benefits when dealing with customers.
Tasks in a producer company are distributed among the board of directors, rather than being managed by a single farmer. The board, which serves a five-year term, oversees operations. Being a separate legal entity, the company continues to exist even if any member passes away.
A producer company is recognized as a legal entity under the Companies Act, giving it several advantages. It can own, acquire, and sell property, enter contracts, and carry out business activities independently. The company’s directors and members are not personally liable for its obligations.
A producer company helps members increase their earnings by managing bulk purchases, reducing costs, and lowering transportation expenses. It can also provide guidance to help farmers store produce until market prices are favorable. These measures collectively improve the income and financial security of the producers.
A producer company helps members increase their earnings by managing bulk purchases, reducing costs, and lowering transportation expenses. It can also provide guidance to help farmers store produce until market prices are favorable. These measures collectively improve the income and financial security of the producers.
A producer company helps members increase their earnings by managing bulk purchases, reducing costs, and lowering transportation expenses. It can also provide guidance to help farmers store produce until market prices are favorable. These measures collectively improve the income and financial security of the producers.
Checklist for Producer company
- The minimum number of producers (individuals) required to start a production company is 10, but there is no maximum limit
- To be incorporated, a producer business must have at least ₹500,000 in capital
- A production company should have no more than 15 directors, and no less than 5 directors
- It can be changed into a cooperative multi-state society, but never into a public company
- Producers who will establish or promote the company must number at least ten
- Promoters might be either private individuals or production companies
- In most situations, directors and promoters of companies are the same people.
Process for Registering a Producer Company
Nimble Trio offers a simple sole proprietorship registration process that can be completed in just 5 easy steps.
Step 1: Connect with Nimble Trio
Start by reaching out to Nimble Trio. Share your details, and our business experts will contact you to provide all the necessary guidance and keep you updated throughout the process.
Step 2: Reserve a New Company Name
Our team will assist you in selecting a unique name for your company. The name must be original and comply with all rules and regulations. Nimble Trio ensures your chosen name is fully compliant before submission.
Step 3: Obtain DSC and DIN
Once the name is reserved, Nimble Trio will help you procure Digital Signature Certificates (DSCs) for up to five directors and a Director Identification Number (DIN) for one director.
Step 4: Draft MOA and AOA
Next, our experts assist in drafting the Memorandum of Association (MOA) and Articles of Association (AOA) required for registration. Nimble Trio handles all paperwork and files it with the authorities.
Step 5: Obtain PAN, TAN, and CIN
After the company registration is complete, Nimble Trio helps you obtain PAN, TAN, and the Company Identification Number (CIN) for your business. Once registered, your official company registration certificate is provided.
Producer Company Types
Production Companies: These companies focus on producing, sourcing, or manufacturing primary goods for their members, which are then sold to others.
Promotional Companies: These firms specialize in marketing and promoting specific products or providing educational services.
Tech-Services Companies: A producer company can be registered if it provides technical support, training, education, or engages in research and development for producers.
Funding Companies: Any company that provides financial support for producer activities—including production, marketing, or development—can register as a producer company.
Construction Companies: Companies that offer infrastructure support to producers, such as energy, water, irrigation, land management, or consultancy services, fall under the category of producer companies.
Tax Advantage (Taxability of Producer Company)
- Income from agriculture is generally exempt under Section 10(1) of the Income Tax Act, 1961. However, this exemption may not always apply depending on the specific agricultural activities undertaken.
- The Income Tax Act does not provide automatic tax benefits or exemptions specifically for producer companies. Certain exemptions and advantages are determined by the type of agricultural activity the company is involved in.
- For example, income from the sale of harvested green tea leaves is considered agricultural income and is fully tax-exempt. However, if the leaves are further processed into tea, only 60% of the revenue is treated as agricultural income, while the remaining 40% is taxable. This shows that tax benefits for producer companies depend entirely on the nature of their operations.
FAQ's
The complete registration process usually takes around 35–40 days. However, this depends on whether all documents are in order and the current workload at the Registrar of Companies (RoC).
No, physical presence is not required. Everything is digitized and handled online. Once the process is complete, the Ministry of Corporate Affairs (MCA) will send the DIN numbers and Certificate of Incorporation via email.
Forming a partnership firm in India typically takes 10–12 working days. Processing times can vary depending on state laws and may take longer or shorter. Delays can occur due to government processing times.
A company name usually has two parts. The first is unique, like “WIPRO” or “MERCEDES-BENZ.” The second part describes the business, such as “Technologies” or “Legal Solutions,” and should be as descriptive as possible. Every producer company name must end with “Producer Company Limited.”
Every director must provide proof of identity, residence, and eligibility to manage the business. Additionally, the registered office must have a No Objection Certificate (NoC) to operate legally.
DSCs are issued by six authorized certifying authorities. It is the digital equivalent of a handwritten signature and is used to verify documents during the incorporation process.
