Producer Company

1. Producer Company can have just equity share capital2. The minimum paid-up capital needed for development of a Producer Company is Rupees 5 Lakhs just3. Minimum 10 individuals or 2 producer institutions or any combination of ten people and producer organizations are needed for integrating a Producer Company4. There is no limitation on the optimum number of members of a Producer Company5. Minimum 5 directors are necessary for a Producer Company.6. A Producer Company can have a maximum of fifteen directors7. The period of holding of workplace of the directors of a Producer Company shall vary from one year to five years subject to the arrangements made in the Articles of Association.8. The first directors should be elected by the customers to the memorandum and posts of association within ninety days from the date of producer company registration.9. The directors aside from the very first directors shall be chosen or selected by the members in their AGM or annual general body meeting.10. The Producer Company can under no situtation end up being a considered public business11. In case of Producer Company making up only of individual members or mix of individual members and producer institutions, then the voting rights shall be thought about on one vote per member12. In case of Producer Company consisting only of producer institutions, then the voting rights will be thought about on the involvement in business of the Producer Company in the previous year.13. The Producer company can limit the ballot rights to just its active members on the condition that it is licensed by its Articles of Association14. The Board of Directors of the Producer Company will fulfill at least one in every three months and at least four such meetings shall be held in every year15. The First AGM or yearly general meeting of the Producer Company will be held within ninety days from the date of its incorporation.

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