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What Is A Producer Company ?
A company incorporated below Companies Act, 2013 taking into account the sole intention 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 advocate of a producer company and can avail encourage 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 enthusiastic in primary manufacture and incorporated specifically for the mean of functional 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 normal course of business, neither can he attain loan at assimilation 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 behind milk giving cattle are with regarded as primary producers and suitably they can afterward 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 upholding or utility tally 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 story and Gas Passbook
- Company Name and Object.
The Name of the company ends similar to the word PRODUCER COMPANY LIMITED.