A produce company is a type of company that would be indulging in the activities such as production of certain form of consumables, grading, handling / managing. The Producer Company registration also falls under the Provisions of Companies Act 2013. The latest rules are defined on the 2013 revision.
The producer company can also deal with the export of the goods that they have produced. The produced goods are a term to represent the farmed goods. A Producer company must only involve in the activities based for agriculture and post agricultural processing of the materials that were produced.
The lands available for farming in India are not laid out consistent across the nation and they are present as fragments across, hence by grouping the farmers and the farming lands under the producer company would avail more good and improve the livelihood of the farmers and gets better price in the market for the produced goods as a result of the pooling approach it give out overall.
At Unilex Consultants we provide you a hassle free registration process which would be dealt by our professionals within a time frame of 15-20 days and is subjective to governmental processing time. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.
The main reason that people go with producer company registration is that, the liability on the terms of company does not affect everyone and only the members with unpaid shares are affected.
As it is treated as a separate legal entity the company would continue to be functional even if some members are gone, the succession can be applied to keep the company running.
The business would get more recognition from general audience and is valued more as a result of the pooling of resources and more valid than proprietary or partnership route.
As the agriculture income is exempted under the Income Tax Act, therefore Producer Companies can also avail various tax exemptions under that head, depending upon the kind of agriculture activity they carry out.
The members can avail the loan from the company on the basis of security produced in the time of the need, and the proper assistant would be provided for the producer company by law.
Scaling is done in a very manageable format an the profits are high as the resources are pooled by sharing the lands even though they are spread across.
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Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.
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