HPKV Consulting Unit LLB



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5 Simple Steps

For Producer Company Compliance

Documents For Producer Company

Compliance

Auditors ReportDSC (Digital Signature Certificate)
Board Minutes

Mandatory Compliances for Producer Company

Company Name

Each producer company name needs to end with the phrase “Producer Company Limited”.

Number of Directors

Producer companies need to have at least 5 Board of Directors with a maximum of 15 in the same.

Election of Directors

Election of company directors needs to be completed within 90 days of successful registration of the company.

Share Capital

Producer Company is eligible for Equity Share only. The shares are completely non-transferable. In case any board member dies, the members need to appoint a nominee within a term of 3 months after becoming the board member.

AGM

The first Annual General Meeting by the company needs to be organized within a term of 90 days post inception of the company.

Board Meetings

The board needs to hold at least 4 meeting every year within a gap not exceeding 3 months between any 2 meetings.


About Producer Company Compliance


Producer Company is a concept introduced back in 2022. It is dealt with under the provisions listed under Companies Act 1956. The producer companies are termed as the “Companies with Limited Liabilities”. The total liability for the members shall be limited for the total number of the unpaid shares. The company’s name needs to end with words “Producer Company Limited”. It can be treated in the form of Private Limited Company.

  • Basic Package
  • 25499 __
  • Annual return filing + income tax return filing + compliance management for a Co. with a turnover of less than Rs.100 lakhs per annum.
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  • Standard Package
  • 55499 __
  • Annual return filing + income tax return filing + compliance management for a Co. with a turnover of less than Rs.200 lakhs per annum.
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  • Premium Package
  • 95499 __
  • Annual return filing+ income tax return filing + compliance management for a Co. with a turnover of less than Rs.300 lakhs per annum.
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Frequently Asked Questions
How many people are required to register a producer company?

A minimum of five people are required to register a producer company in India.

What are the documents required for registration?

Identity proof and address proof is mandatory for all the proposed Directors of the Producer Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

How long will it take to incorporate a Producer Company?

Complianceindia.co.in can incorporate a Producer Company for in 20-30 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

How long is the registration of the Company valid for?

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

What is a Digital Signature Certificate?

A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Producer Company.

What is Director Identification Number (DIN)?

Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

What are the requirements to be a Director?

The Director needs to be over 18 years of age and must be a natural person. The Director must be involved in farming activities.

Is an office required for starting a Producer Company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / agricultural / residential where communication from the MCA will be received.

Do I have to be present in person to incorporate a Producer Company?

No, you will not have to be present at our office or appear at any office for the registration of a Producer Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.

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