The following are the benefits enjoyed by a Producer Company
All the producers of the Producer company can supply the products in the producer company as determined by the director. And they will receive a value for the supplied products.
If the producing company makes profit after selling the products then the same shall be divided amongst the producers. That means producers have chance to increase their profit by pooling in the individually pooled products.
Producers can get bonus shares in portion to the amount held.
Members of Producer Company are also eligible to get financial assistance by way of credit facility for a period not exceeding 6 months.
Loans are provided to the producer member against security, repayable within a period not exceeding seven years from the date of disbursement of such loans or advances.
• 10 or more producers (Individuals) or 2 or more producer institutions. No upper limit on the number of members.
• A minimum capital of 5,00,000. Rupees is required.
• Minimum 5 Directors (Max 15).
For Each Director and shareholder
1. PAN card* (Mandatory for Indians & others if held)
2. Passport* (for NRI, Foreigners, and Indians if held)
3. Address proof (any 1 of) (Not more than 2 months old)
a. Bank Statement
b. Phone Bill
c. Mobile Bill
d. Electricity Bill
(Note - For NRI & Foreigners Documents issued by foreign authorities or signed outside India must be notarized & apostilled)
For Registered Address
1. NOC from Owner*
2. Rent Agreement*
3. Utility Bill*
Once the founders of the Producer company finalize on the name of the company. Then the process of incorporation of Company starts as below (Note: Name of the company can be different from the brand name, it is not mandatory to have same brand name as a company name)
Application for DSC (Digital signature certificate) and DIN (Directors Identification Number)
Apply for the Name reservation
Drafting & filing MOA & AOA to register the producer company
Apply for the PAN and TAN of the company
Issue Certificate of Incorporation along with PAN and TAN of the company
a. DSC of directors and shareholders
b. PAN and TAN number
c. Certificate of incorporation
d. MOA & AOA of the company
We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.
All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.
We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.
We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.