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Producer Company

The main objective of the producer company is to empower the standard of primary producers’ lifestyle in India. To help them complete their goals.

A producer company can only be incorporated by individuals or an entity that are prime producers themselves. As this form of company is focused on specific activities scuh as – production, harvesting, procurement, grading, pooling, handling, marketing, selling and export of agricultural goods produced by the members.

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      Incorporation Comparison Charts

       
      Comparison Point Private Limited Company One Person Company Limited Liability Partnership Partnership Firm Proprietorship Firm
      Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
      Registration Requirement Mandatory Mandatory Mandatory Optional N/A
      Number of members 2 – 200 Only 1 2 – Unlimited 2 – 50 Only 1
      Separate Legal Entity Yes Yes Yes No No
      Liability Protection Limited Limited Limited Unlimited Unlimited
      Statutory Audit Mandatory Mandatory Depend Not mandatory Not mandatory
      Ownership Transfer ability Yes No Yes No No
      Uninterrupted Existence Yes Yes Yes No No
      Foreign Participation Allowed Not Allowed Allowed Not Allowed Not Allowed
      Tax Rates Moderate Moderate High High Low
      Statutory Compliance High Moderate Moderate Less Less

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