A producer company is a company which is formed by the association of any 10 or more individuals or any two or more producer institutions or the combination of both. The objectives of the producer company must be in line with the objects specified in section 581-B.
The Producer Company is the company formed by the association of 10 or more individuals, or the any two or more producer institutions or both of them. The main objective of the producer company registration must be related to production, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting of the primary product of members or import of goods or services for their benefit. Processing includes preserving, drying, distilling, brewing, venting, canning and packaging of the produce of its members. Further, it can manufacture machinery, sale or supply machinery, equipment or consumables mainly to its members.
Following are the requirements of for forming a producer company-