EnglishProcedure and Documentation Required to Incorporate a Producer Company
- The first step is to obtain a Digital Signature Certificate (DSC) from all the directors. Documents required to obtain a DSC are:
- PAN Card of the Director
- Aadhaar Card of the Director
- Photo
- Email Id
- Contact Number
- After obtaining the DSC, the next step is to obtain the Director Identification Number (DIN) by filing form DIR – 3 or SPICe+ Form along with a self-attested Identity proof, address proof, and a photo.
- Then the name of the production company is to be finalized. For that, Form SPICe+ to the Registrar of Companies (ROC) is to be filed by giving 2 names in the order of preference along with the significance of the names. The name shall have the words PRODUCER COMPANY at the end.
- After the name is approved by the ROC, the following documents are to be prepared:
- The Memorandum of Association is to be drafted by incorporating all the objects that the company intends to follow.
- The Articles of Association are to be drafted containing all the by-laws of the company.
- An affidavit has to be signed by all the subscribers of the proposed company declaring their legal competency to act as the subscribers.
- A utility bill and a NOC have to be taken from the owner whose address is to be used as the registered office of the company. If it is not owned, a lease agreement will be attached to the form.
- All the drafted documents will be attached to Form SPICe+ and uploaded to the ROC website. On proper verification, the ROC will issue a Certificate of Incorporation and the company can start its business operations.
This form of establishment promotes the primary producer who is in a low-income group to optimize their income with collective bargaining and by selling the products directly to consumers.
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