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PRODUCER COMPANY

₹ 40,000 (+ GST) 

WHAT IS A PRODUCER COMPANY?

A producer company can be defined as a legally recognized body

of farmers/ agriculturists with the aim to improve the standard of their living, and ensure a good status of their available support, incomes

and profitability.

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Act 1956, a Producer Company can be formed by 10 individuals

(or more) or 2 institutions (or more) or by a combination of both

(10 individuals and 2 institutions) having their business objective

as procurement, production, harvesting, grading, pooling,

handling, marketing, selling or export.

Documents required to incorporate a Producer Company:

The first step is to obtain a Digital Signature Certificate (DSC) by all the directors. Documents required to obtain a DSC are:

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  • PAN Card of the Director

  • Aadhaar Card of the Director

  • Photo

  • Email Id

  • Contact number

  • Address proof

  • Passport size photographs of directors

  • Copy of rent agreement if any

BENEFITS FOR PRODUCER COMPANIES

01

The members of the producer company initially will receive the value for the produce pooled and supplied as determined by the directors. This amount will be given

out later in the form of
cash/ kind/equity shares.

02

The members of the producer company will be entitled to get bonus shares in the

same proportion to the

shares held by them.

03

The surplus (after providing provision for payment of limited return and reserves) may be given as patronage bonus to the members of

the producer company.

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