How to register an Agricultural Company in India

Agriculture is one of the most popular sectors in India. The country has capable of a huge area with excellent climate condition and arable land which facilitate the agricultural merchandise production. The Producer Company is registered under the Company Act 2013. It has objects of post-harvesting processing activities, selling, distribution others. The basic needs for Producer Company Registration are more than two producer institution, 10 individuals and others. The registration of Farmer Producer Company will help in enhancing the farmer's livelihood by managing the farmers.

Document required for registration of Producer Company

The following documents are important to submit with the application from such as

Passport-size photo of all shareholder and directors

Voter ID, driving license or passport

PAN card or election ID card

Rental agreement Scan copy with NOC

Last three-month bank statement or mobile bill

Utility bill copy and others

Process to register Producer Company

The Producer Company Registration is very simple similar to the private limited company registration. You can apply for producer company application online from the comfort of home. The application form will be filed with the companies registrar in a certain format. You should submit the application form with necessary document for the registration of Producer Company. The following procedures are needed to be taken to register an Agricultural Company in India:

First, you should get the digital signature certificate for all directors in the organization. It is needed to sign all documents electrically which is provided by the certifying authority.

Now you can obtain the director identification number by the proposed director in the organization. It is directly obtained through the SPICE form so you need not file the separate application form.

Next step is name approval application form. The application form is filed with the approved fee in the reserve unique name form with the company registrar for registering the name of the producer company.

Once the producer company name is approved the incorporation application form is filed within a short time.

The incorporation application of company is filed in SPICE form after attaining the company name approval with the essential documents like AOA, declaration, MOA, and affidavit with the company concerned registrar.

Within one week, the incorporation certificate is provided by the ROC after verification.

Benefits of registering the producer company

The producer company is designed to empowering the farmers by developing the registered farmer body as a Producer Company. It aids the people to use advanced technology and also minimize the agriculture harvesting cost. The farmer produce company registration offers a large range of benefits to the people such as

The Producer Company is the separate legal unit. In the Producer Company, there is limited member liability.

Through the simple application form filing with concerned ROC, the business owner can make changes in the Producer Company management.

This company accepts the deposit in the fixed deposit and recurring deposit forms. It can distribute loan among the farmers, member at the lower interest rate.