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Following are some advantages of Producer Company Registration:

  1. Separate Legal Entity:

It’s a separate legal entity which means it can acquire assets & incur debts in its own name and the Directors of the Company have no obligation to the lender of the Company.

  1. 100% Income Tax Exemption:

In India, the Producer Company is exempted from paying Income Tax.

  1. Loan Facility to Members:

Producer Company can extend the financial & credit facility to its members.

  1. More Credibility:

This is offered to the registered companies as compared to the non-registered ones.

  1. Ease in Management:

The applicant can make desired alterations in the Board of Management by filing some simple form with regards to the ROC.

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894patel.nikita

Lvl 10
1y ago

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