Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.
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1. The Board of Management of a producer company can be easily changed by filing simple forms with the Registrar of Companies.
2. A producer company being a juristic person, can acquire, own, enjoy and alienate, property in its own name.
3. A producer company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
4. A producer company enjoys better credibility when compared to unregistered producer organizations.