Producer Company is a body corporate having objects or activities as specified under the Companies Act, 2013. The main objectives are production, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.
Producer Company provide ample opportunities for small time businesses to gear up and meet the challenges of everyday business in the area of production and services, especially farmers. Thus the concept of producer company is aimed at empowering farmers by creating clusters of farmers organized as a Producer Company. A producer company can be registered with a minimum of ten producer individuals or two producer institutions or a combination of ten or more individuals and Producer institutions. Producer company should have a minimum of 5 and a maximum of 15 directors. Legaltree will help you in all legal and promotional procedures.
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