by CA V. Viswanathan
FCA, ACS, CFE, Registered Valuer (S&FA) | Since 2012
Understand eligibility, process, and compliance for forming a Producer Company under Companies Act, 2013 (Part IXA, Sections 378A-378ZS, originally from Companies Act, 1956).
Producer Companies under Sections 378A-378ZU of the Companies Act 2013 are body corporates carrying on activities of production, harvesting, processing, procurement, marketing, etc. of primary produce of members. They blend cooperative-society principles with company-law structure.
Specific compliances: minimum 10 individual primary producers as members; one-member-one-vote irrespective of shareholding; restricted dividend distribution; audit by CA; specific financial-statement formats. Producer companies enjoy specific tax incentives and are eligible for various government schemes targeting primary producers.
This tool provides indicative output based on declared inputs. For complete advisory or compliance execution including any required regulatory filings, certifications, or representation, consult CA V. Viswanathan — FCA, ACS, CFE, IBBI Registered Valuer (IBBI/RV/03/2019/12333) — at +91 99622 60333. Free 30-minute consultation, with detailed scope and fixed-fee quote within 24 hours.