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What Is A Producer Company ?
A company incorporated under Companies Act, 2013 subsequent to the sole wish 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 fanatic of a producer company and can avail advance 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 belong to the primary producer category and the institution must be the one vigorous in primary develop and incorporated specifically for the goal of vigorous 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 ascend loan at immersion to its members. A producer company can event 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 as a consequence regarded as primary producers and correspondingly they can as a consequence 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 confirmation or utility tally in the declare 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 balance and Gas Passbook
- Company Name and Object.
The Name of the company ends past the word PRODUCER COMPANY LIMITED.