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Procedure to Incorporate a Producer Company
Budget-Friendly Accounting Services
Benefits For Producer Companies
A Producer Company is a legal entity. Therefore, a producer company can incur debts and also own property due to a wide legal capacity. The members (Directors) of a producer company are not liable to the creditors of a producer company.
Easy Management
All the activities of the producer company is controlled by The Board of Management. The Board of Management can be changed by filing a few forms with the Registrar of Companies.
Uninterrupted Existence
The existence of a producer company will be continued until it has been legally dissolved. A producer company is unaffected by the death or other departure of any member and continues to exist irrespective of the changes in membership.
Owning Property
A producer company can acquire, own, enjoy and alienate, property in its own name. No member can make any claim upon the property of the producer company as long as it is an ongoing concern.We also expertise in Accounting Services & Bookkeeping Services & Reconstruction of Accounting Records.
Producer Company Registration in India
Producer Company is a special business Model. The term “Producer Company” indicates that only certain categories of persons, known as “primary producers,” can become shareholders in the Producer Company. Primary Producer means those persons who are engaged in primary agriculture activities such as:
1. Animal Husbandry: breeding or caring for animals on the farm.
2. Horticulture: Producing and growing plants, fruits, or vegetables.
3. Floriculture: Growing Flowers.
4. Pisciculture: Fish farming.
5. Viticulture: Producing grapes.
6. Forestry: Preserving forest.
7. Re-vegetation: Rebuilding or replanting disturbed land.
8. Bee raising: keep bees to collect honey.
Other businesses like handloom, handicraft, etc. can be the producer company’s activities. Producer companies are the preferred choice of business model amongst farmers because producer company areas of operations are not restricted to a particular state as in the case of a Cooperative society. Moreover, it has lesser government intervention in a running company and can also access financial institutions for raising money for day-to-day expenses requirements
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