Producer Limited Company

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What is a Producer limited company?

A producer company combines the best features of a cooperative society and a Private Limited Company, offering collective benefits to its member producers under a robust and definitive legal framework. Only business entities registered as Private Limited Companies are eligible for Producer Company registration in India. However, the names that these companies are incorporated with, shall end with the words “Producer Company Limited”. Individuals and institutions involved in Primary Production activities can come together and form a Producer Company in India.

Benefits of a Producer Limited Company:

1. Legal Recognition: A formal structure that provides legal recognition to farmer groups.

2. Access to Markets: Improved access to markets and better bargaining power.

3. Professional Management: Professional management and governance practices.

4. Credit and Investment: Easier access to credit and investment opportunities.

5. Support Services: Access to technical and financial support services

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DOCUMENTS REQUIRED FOR PRODUCER LIMITED COMPANY INCORPORATION:
  • At least 10 producer individuals or at least 2 producer institutions as members
  • At least 5 directors
  • A minimum capital of Rs.5 Lakh
  • A unique name ending as “Producer Limited Company”
  • Identity proof of all director and members of company( Self attested Adhar card/voter id/Driving Licence/Passport )
  • Residential proof( self attested Bank statement/telephone bill/gas bill/ phone bill)
  • Email id and Contact number of all members and directors
  • Passport Size photo of all director
  • Proof of Producer activity