Producer Company is basically a production company which create pool of small producers who will become its members and the company trade with them, help them financially, take help from them and promoting techniques of mutuality and mutual assistance.
Khasra - Khatuni / ITR with Agriculture Income / Sarpanch letter/ Any other proof that can provide person as
7/12 Khate Utara
Compliances after Producer Company Registration
There are basically two pillars to the compliances of Producer Company in India and all the reporting revolves around it. Here are 2 pillars to the Producer Company compliances explained briefly.
Internal Audit under Producer Company : An internal audit of the producer company will be carried out at regular intervals by a CA, CS, CMA or Advocate in accordance with the AOA.
Annual Report by Auditor : NDH - 3 is an half yearly return filed in order to check whether the Producer company is working as per the rules or not. This return is to be filed by 30th September and 31st March each year.
Other Compliances : There are various other compliances which are prescribed under various act’s like Companies Act, Income tax act, Money Laundering etc.
How to choose Company name for Farmer Producer Company Limited Registration?
# ABC - Prefix: The prefix should reflect your brand name and should be unique. I.e. no it should not match with any existing company or trademark. The example of prefix i.e. your first word is TATA, Reliance, Hubco etc.
# Technologies - Suffix: It is regarded as the second word of your company name. This should reflect your main proposed business. E.g., if you are into technology company, then write technology, for steel business, you can use TATA Steel Ltd.