Online Chartered can help you form a producers company in most convenient way.
Producers company can be defined as legal body in the form of company which is specifically formed to support the farmers who are engaged in the activities as mentioned below. The main purpose of forming producer company is to organize the agriculture industry so as to enable the farmer producer to meet their financial requirements. The producers company can only be formed for the objects as mentioned under the companies act 2013.
Any ten or more individuals, each of them being a producer or any two or more Producer institutions, or a combination of ten or more individuals and Producer institutions, desirous of forming a Producer Company Registration in Surat having its objects specified as above and otherwise complying with the requirement of the provisions of this Act in respect of registration, may form an incorporated Company as a Producer Company Registration in Surat under this Act.
It eliminates unorganized practices, providing farmers with professional advice and legal protection under the Companies Act.
Members’ liability is limited to the amount they invest, reducing individual risks.
Farmers can secure better deals with multinational companies for their products.
Registered producer companies are eligible for loans, subsidies, and grants due to their transparent structure.
In India, farmers usually do business in a much unorganized way which enable the antisocial characters a chance to exploit them financially. By doing business in a form of company enables farmer producer to avail professional advice as well as a protection under the companies act.
By making a company, a farmer can get a good deal from various multi national company whose raw material is basically crops and other agro products. Thus, it will help farmers to get handsome amount for their products.
Quite a few times, an individual may not be able to take huge risk but at the same time still wants to do a business in a legal and legitimate way. In such scenario, one may become a member of a producer company registration in surat by inviting the sufficient amount of money which he can afford. Thus, the liability of the individual restricts to the extent of his contribution in the company.
A legal structure of business helps you avail the easy way of getting finance by way of loan, subsidy or grants from the government because of its transparent way of doing business.
