Producer Company

Features of Producer Company

  • Should have at least 5 but not more than 15 directors
  • Should have minimum 10 Share holders
  • The members should be involved / participate in the activity
  • Producers and corporate entity can join together and start a Producer Company
  • Primarily dealing with Production activity with other objectives too as specified in Section 581 B of companies Act
  • Similar to Private Limited Company
  • The name of the company with "Producer Company Limited" as the last words
  • For Cooperative Societies, with effect from the transformation date, all fiscal and other concessions, licences, benefits, privileges and exemptions granted to the inter-State co-operative society in connection with the affairs and business of the inter-State cooperative society under any law for the time being in force shall be deemed to have been granted to the Producer Company.
  • Cannot be a Public Limited Company at any Time

Advantages

  • Attract Investors and FDI
  • Flexibility & Easy Expansion for better growth
  • Separate Legal Entity
  • Gain Confident in Brand Promotions & Branding

Required Documents

  • Require Documents Address & ID proof of all Directors,
    1. Mandatory – PAN Card
    2. ID Proof – Voters Identity Card / Driving License / Passport / Aadhar Card
    3. Address Proof – Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill
  • Address Proof of registered office – Address proof of proposed registered office for registration of company.

Process

  • Initial level discussion between the Promoters and FirstMan Team.
  • Ascertaining documents required and availability.
  • Preparation and signing of documents.
  • Getting DSC [DIGITAL SIGNATURE CERTIFICATE] for all Directors.
  • Getting DIN [DIRECTOR IDENTIFICATION NUMBER] for all Directors.
  • Preparing MOA and AOA.
  • SPICe(INC-32) Filing i.e. Incorporation of the company.
  • Company PAN & TAN.

2000+

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