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Producer Company in Visakhapatnam

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Producer Company Registration in Visakhapatnam

A Producer Company in Visakhapatnam is majorly involved in the production, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting, primary produce of the members, or imports of goods or services.

Documents required to register a Producer Company in Visakhapatnam

For Directors and Shareholders

Scanned Copy of PAN Card
Scanned Copy of the Voters ID/ Passport/ Driver License
Scanned Copy of the Latest bank statement/Telephone or mobile bill/ electricity or gas bill.
Passport size photograph

For Registered Office

Scanned copy of the latest bank statement/ telephone bill or the Gas bill
Scanned copy of the notarized rental agreement
Scanned copy of the NOC from the property owner
Scanned copy of the sale deed or property deed.

Types of Producer Companies in Visakhapatnam

Production Businesses

Production, procurement manufacture of the member and other primary producer is the primary function of this type of producer company.

Marketing business

Business here is involved in marketing or promoting the primary produce or a provision of the education services to the members and others.

Technical Service

In this type of Producer Company in Visakhapatnam any business that offers technical assistance to the producers. Also training and educational services or for research and development.

Finance business

Here the producer company registered in Visakhapatnam provides finance for various activities like production, marketing, development.

Infrastructure business

Here infrastructure is provided to the producers in various forms such s electricity, water resources, irrigation, or consulting regarding the same.

What are the benefits of registering producer companies in Visakhapatnam?

Limited Liability

The members of a Producer Company in Visakhapatnam have unlimited liability as the company is an entity itself. Even if the amount invested in the business would be lost and the directors' property would be safe.

Better Management

Producer Companies work in Visakhapatnam divided among the Directors rather than a single farmer managing the entire business. The entity is governed by the Management board which is functional for a tenure of five years.

A producer company has a separate legal existence which means that is not affected by any of its member's death.

Producer companies in Visakhapatnam are introduced to allow farmers' cooperatives to function as a corporate entity under the MCA. To register a Producer Company in Maharashtra talk to our experts at IndiaFilings and get guidance right from incorporation to compliances.