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Receiving Documents & Apply, DIN & DSC 1-4 Days
Drafting MOA and AOA electronically in Spice MOA (INC-33) and Spice AOA (INC-34) 5-8 Days
Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34) 9 to 14 Days
Certificate Of Incorporation, PAN & TAN 15 to 20 Days
The formation and regulation of Producer Company is governed under the provisions of Sections 581A to 581ZL of Companies Act, 1956 and the rules made there under.
As the name of the Company ends with Producer Company Limited it seems to be a Public Company but as per clause (5) of the section 581C of Companies Act, 1956, on registration the Producer Company shall become a body corporate as if it is a Private Company and shall not under any circumstances deemed to be a Public Company.
As per section clause (1) of section 581C of the Companies Act, 1956, any one of the following combination can form a Producer Company: • Any ten or more individuals each of them being a producer • Or any two or more Producer Institutions • Or Combination of 10 or more individuals and Producer Institutions
As per Section 581P of the Companies Act, 1956, save as provided in section 581N, the Members who sign the memorandum and the articles may designate therein the Board of directors (not less than five) who shall govern the affairs of the Producer Company until the directors are elected in accordance with the provisions of this section.