A Producer Company is a company registered with the object of agriculture production, post-harvesting processing activities,procurement, selling and distribution, export of primary production Of the members or import of goods for their benefit.
What is Producer Company Registration?
In India people are dependent directly or indirectly upon agricultural field. But still being the largest country indulged in agricultural fields, farmers in India are still lacking in technologies and are fully unorganized. Due to failure of crops, because of lack of technologies and facilities many of the farmers opt for suicide. Looking back to this problem Indian government has placed an expert committee to solve all the problems of the farmers. A producer company in India is a company registered under the Companies Act with mutual objectives of agriculture production, procurement, post-harvesting processing activities, import goods, selling and distribution, export of primary production of the members to earn more benefits. A producer company is a committee of 10 or more people and 2 institutions with a joint objective of dealing with agricultural and post-harvesting processing activities. In simple words, it is a cluster of farmers who joint hands for better living and to improve their income. Requirements to Form a Producer Company.