A producer company is a type of company registered under the Companies Act of 1956 that is owned and controlled by agricultural or artisanal producers. It can engage in activities like production, processing, marketing, selling, and other services to promote the interests of its members. A producer company must have between 5-15 directors who are elected annually by members. It provides benefits like loans and credit facilities to members, aimed at providing them economic assistance as primary producers.
Producer organizations, benefits for producer companies, producer company ltd
1. Producer Company Meaning
• A producer company is essentially a
body company Registered as Producer
Company under Companies Act, 1956
and shall persevere or relate to any of
following activities classified broadly:-
2. Producer Company Meaning
• Production, harvesting, processing,
procurance, grading, pooling, handling,
marketing, selling, export of * primary
manufacture of the Members or import of
products or services for his or her
3. Producer Company Meaning
• Rendering technical services,
practice services, training,
education, analysis and
development and every one different
activities for the promotion of the
interests of its Members;
4. Producer Company Meaning
Generation, transmission and
distribution of power, resurgence of land
and water resources,
•their use, conservation and
communications relatable to primary
produce;
5. Producer Company Meaning
• Promoting mutual help, welfare
measures, monetary services,
insurance of producers or their
primary produce;
6. Producer Company Management
• Every Producer Company shall have
minimum 5 and no more than fifteen
administrators.
• If any director resigns from his post the
election shall be conducted among
ninety days from the date of resignation
of such director.
7. Producer Company Management
•The Director shall hold his workplace
for an amount not but one year however
no more than five years as is also per
the articles.
•Each director shall be eligible for
reappointment.
8. Producer Company Management
The administrators of the Board
square measure electoral by the
members within the Annual General
Meeting.
9. Benifits of Producer Company
The types of benefits:
1. Member benefits:
2. Loan and Benefits of Producer
Company
10. Benifits of Producer Company
1. Member benefits:
The members of the Producer Company area unit
primary producers, and thus, area unit in want of
economic help from time to time.
Hence, a special provision is formed by the Act sixty
one of Producer Company of giving loans to its
members. The corporate will offer money help to its
members through:
11. Benifits of Producer Company
2. Loan and Benefits:
The members of the Producer Company
area unit primary producers, and thus,
area unit in want of economic help from
time to time.
12. Benifits of Producer Company
2. Loan and Benefits:
Hence, a special provision is formed by the
Act sixty one of Producer Company of
giving loans to its members. The corporate
will offer money help to its members
through:
13. Benifits of Producer Company
2. Loan and Benefits
The credit facility, to any member, in
reference to the business of the
corporate, for an amount not
extraordinary six months.
14. Benifits of Producer Company
2. Loan and Benefits:
Loans and advances, against security
mentioned in articles to any Member, owed
at intervals a amount extraordinary 3
months however not extraordinary seven
years from the date of disbursement if such
loans or advances.
