PRODUCER COMPANY REGISTRATION CONSULTANT IN SADABAD HATHRAS - RSR LEGAL VENTURES
A Producer Company is a corporate entity formed by farmers or producers to improve their business operations.
Checklist for Formation of a Producer Company
- Minimum Members – At least 10 individuals or two producer institutions.
- Minimum Directors – At least five directors.
- Name Approval – Must end with “Producer Company Limited”.
- Memorandum of Association (MOA) – Defines objectives.
- Articles of Association (AOA) – Governs internal operations.
- Registered Office Proof – Address verification.
- PAN & Aadhaar of Directors – Required for registration.
- Bank Account Details – For financial transactions.
- Declaration by Directors – Stating compliance with laws.
Here are the key compliances required:
Annual Compliances
- Board Meetings – Minimum four board meetings per year.
- Annual General Meeting (AGM) – Must be held within six months of the financial year-end.
- Financial Statements – Filing of Balance Sheet, Profit & Loss Account, and Cash Flow Statement.
- Annual Return Filing (MGT-7) – Submitted within 60 days of the AGM.
- Income Tax Return – Filed annually.
- Audit Report Submission – Conducted by a certified auditor.
Other Regulatory Compliances
- Form MBP-1 – Disclosure of interest by directors.
- Form DIR-8 – Declaration of non-disqualification by directors.
- Form AOC-4 – Filing of financial statements.
- Form DPT-3 – Return of deposits.
