Online Producer Company Registration in India

In India, a Producer Company is a recognized group of farmers working together to enhance their living standards and ensure better support, income, and profitability. According to the Companies Act, 2013, this type of company can be formed by 10 people or more, two institutions or more, or a combination of both, all sharing a common business objective. Producer Company Registration in India is a straightforward process, but seeking expert assistance from services like RegisterKaro can simplify the entire registration procedure for you. The primary goal of a Producer Company is to collectively handle activities like procurement, pooling, production, marketing, harvesting, and selling of products and services for the benefit of its members. It serves as a bridge for transforming cooperatives into corporations and promoting cooperative development. What is a Farmer Producer Company? It’s a hybrid between Cooperative Societies & Private Limited Companies registered under the Companies Act. They have democratic governance & each member has equal voting rights irrespective of the no. of shares held. Activities Performed by a Producer Company in India Following is the list of activities performed by a Producer Company in India: 1: Provide education to the mutual support principle to its members & others 2: Activities for the promotion of the interest of their members 3: Insurance of producers/their primary produce 4: Sale, supply, or manufacture of equipment, machinery, or consumables mainly to their members 5: Processing includes distilling, canning, preserving, brewing, packaging, drying & venting its members’ producer 6: Provide technical services, training, R&D, consultancy services & all other activities to promote its members’ interests 7: Promoting unique techniques of mutual & mutuality support 8: Financing of procurement, marketing, processing or other activities which comprise extending of the credit facilities or any other financial services to their members 9: Welfare measures/facilities for the members’ benefits as decided by the Board 10: Any other activity, similar to any of the actions which promote or encourage the principles of mutual support among the members in any different manner.

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