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What Is A Producer Company ?
A company incorporated under Companies Act, 2013 in the announce of the sole endeavor of providing benefits, technological aids, support, training etc to the farmers, agriculturalist more commonly known as primary producers. Only person belonging to the primary producer category can became supporter of a producer company and can avail sustain provided by such company.
MINIMUM CRITERIA FOR REGISTERING PRODUCER COMPANY IN JHARKHAND?
A producer company can be incorporated by a minimum of 10 members or 2 institutions or a engagement of both of them. The members must join the primary producer category and the institution must be the one working in primary develop and incorporated specifically for the endeavor of enthusiastic in Primary sector. By definition a producer company is a private limited company.
A producer company shall have a minimum of 5 directors
CAN A PRODUER COMPANY ACCEPT DEPOSITS AND GRANT LOAN?
No a producer company cannot take deposit form its members in its usual course of business, neither can he inherit loan at assimilation to its members. A producer company can thing debentures subject to the provisions of the act.
CAN A GROUP INVOLVED IN DAIRY FARMING INCORPORATE A PRODUCER COMPANY IN JHARKHAND?
Yes, people dealing bearing in mind milk giving cattle are moreover regarded as primary producers and fittingly they can plus incorporate a Producer Company subject to the fulfilment of the terms and conditions.
Documents/Information Required for Incorporating a Producer Company in Jharkhand
Members (Minimum 10)
- A copy of PAN
- A copy of Voter ID or Driving License or Aadhar Card
- Up to date bank passbook or bank avowal or utility bill in the proclaim of members
- 2 Passport size photograph
- Mobile Number and E mail Id
- For Registered Office
A copy of Electricity Bill or A copy of Gas version and Gas Passbook
- Company Name and Object.
The Name of the company ends as soon as the word PRODUCER COMPANY LIMITED.