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What Is A Producer Company ?
A company incorporated below Companies Act, 2013 subsequently the sole point 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 member of a producer company and can avail support 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 fascination of both of them. The members must associate the primary producer category and the institution must be the one lively in primary develop and incorporated specifically for the want of practicing 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 usual course of business, neither can he assent loan at incorporation to its members. A producer company can business debentures subject to the provisions of the act.
CAN A GROUP INVOLVED IN DAIRY FARMING INCORPORATE A PRODUCER COMPANY IN JHARKHAND?
Yes, people dealing similar to milk giving cattle are then regarded as primary producers and for that reason they can furthermore 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 announcement or utility relation in the make known 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 description and Gas Passbook
- Company Name and Object.
The Name of the company ends as soon as the word PRODUCER COMPANY LIMITED.