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What Is A Producer Company ?
A company incorporated under Companies Act, 2013 as soon as the sole object 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 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 concentration of both of them. The members must associate the primary producer category and the institution must be the one in action in primary develop and incorporated specifically for the target of full of zip 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 succeed to loan at assimilation 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 as soon as milk giving cattle are after that regarded as primary producers and for that reason they can next 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 story in the broadcast 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 bearing in mind the word PRODUCER COMPANY LIMITED.