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What Is A Producer Company ?
A company incorporated below Companies Act, 2013 bearing in mind the sole ambition 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 zealot of a producer company and can avail relief 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 interest of both of them. The members must associate the primary producer category and the institution must be the one energetic in primary produce and incorporated specifically for the target of keen 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 accept deposit form its members in its normal course of business, neither can he grant loan at inclusion to its members. A producer company can concern debentures subject to the provisions of the act.
CAN A GROUP INVOLVED IN DAIRY FARMING INCORPORATE A PRODUCER COMPANY IN JHARKHAND?
Yes, people dealing when milk giving cattle are then regarded as primary producers and therefore they can as well as 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 encouragement or utility explanation in the read out 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 financial credit and Gas Passbook
- Company Name and Object.
The Name of the company ends following the word PRODUCER COMPANY LIMITED.