Producer Company

A Producer Company is a group of people associated with the production of primary fruit and vegetables or having one or more goals associating with primary fruit and vegetables. In a producer company, you can make agriculturist members and allow deposits in type of FD/RD and supply them maturity in addition to disperse loans to your farmer members and charge interest from them. A group of ten/more people or two/more producer institutions or a combination of ten/more people and producer institutions can register as a Producer Company on the condition that:
1. Producer Company can have just equity share capital
2. The minimum paid-up capital essential for development of a Producer Company is Rupees Five Lakhs only
3. Minimum 10 individuals or more producer organizations or any combination of 10 individuals and producer institutions are needed for including a Producer Company
4. There is no limitation on the maximum number of members of a Producer Company
5. Minimum 5 directors are necessary for a Producer Company.
6. A Producer Company can have a maximum of fifteen directors
7. The period of holding of office of the directors of a Producer Company will vary from one year to five years based on the provisions made in the Articles of Association.

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