PRODUCER COMPANY REGISTRATION

What is Producer Company:–

A producer company or commonly known as agriculture company can be defined as a legally recognized body of farmers / agriculture with the aim of improve the standard of their living and ensure good status of their available support, income and profitability.

Producer companies or producer institution  mean a body corporate having objects or activities specified in the section 581B and registered as per Producer Company under the ACT, 2013i.e there primary activities of company would be primary agriculture activities like seeding, dwelling, cultivation etc, merely selling or trading of agriculture production does not qualified you as producer.

PRODUCED COMPANY IN INDIA UNDER COMPANIES ACT, 2013:-

Indian economy is major depend on Agriculture majority of Indians are resides rural area. Around 60% of the population depends on agriculture activities for their livelihood. But, and they majorly depend on their agriculture produce.

OBJECTS OF PRODUCER COMPANY ARE:

1. To carry on the production, procurement, storage, processing, packing, distribution, marketing, selling and trading of all agricultural, non-agricultural, horticultural, vegetables, medicinal, spices crops, poultry, apiculture, sericulture, lac culture their processed products and other allied products, like cultivation, seed related works basically anything which is related to primary agriculture activities.
2. To undertake Organic production programmer, processing & Certification, Export & trade business (as per National and International norms & Standards) of all agricultural, Horticultural Vegetables Crops and Dairy products their allied forms, by any person they can be member of company or non member, also it includes to provide any common facility for the betterment or benefit for its members.
3. To render technical services, consultancy services, training, research and development and all other activities for the welfare and promotion of the interests of its
4. To promote the techniques of mutuality and mutual assistance, including savings among member and collaboration & linkage with similar organizations.
5. To undertake any welfare measures or provide facilities for the benefit of the members, as decided by the Board.
6. To finance the production, procurement, processing, marketing and other activities mentioned above, including the extension of credit facilities or any other manner of financial services to the members of the company.
7. Any other activity ancillary or incidental to any of the above-mentioned activities which are necessary for the attainment of the activities mentioned in clause (1-6) or other activities, which help the producer at large for the principal of mutual assistance i.e. by the members for the members.