- It gives persons engaged in activities related to producing (what has been grown or produced, particularly by farming) the opportunity to form a company.
- A producer company can be formed by 10 or more producers (persons involved in, or in activities related to produce or growth), two or more producer institutions or a combination of 10 or more producers and producer institutions.
- Such a company can only have equity capital, require a minimum of five directors and an authorized capital of Rs. 5 lakh.
- The procedure for forming a producer company is similar to the one for forming a private limited company.
Time frame
3 to 15 working days
