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Producer Company is the special category of the company registered under the Companies Act 2013. It is incorporated with the objective of harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary products of its members and import of goods or services for the benefit of its members. Here we discuss rules & regulation for the Producer Company.
Produce are all those things that have been produced or grown especially by the process of farming. A producer company deals primarily with agriculture and post-harvest processing activities.
The concept of the Producer Company is based on empowering farmers by creating clusters of farmers organized as a Producer Company.
• not less than 2/3rd of the elected directors or;
• not less than 1/3rd of the Members and adopted by special resolution.
Copy of the altered MoA or AOA along with the copy of the special resolution has to be filed with the Registrar within 30 days of adoption of such alteration.
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