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A Producer Company in India is a legally recognized entity that allows primary producers such as farmers, agriculturists, and other related producers to collectively organize and manage their agricultural production. The concept was introduced in 2002 by the Companies Act, which provides a formal structure for these producers to pool their resources, market their produce, and benefit from economies of scale. The main objective of a Producer Company is to enhance the socio-economic status of its members by improving their income and promoting sustainable development.
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What state or country grows the most cut roses?
A company in Bangalore, India holds the place of largest producer of roses and rose buds.
What is the largest film based producer in India?
India is the largest producer of films in the world. The largest film production company in India is Ramoji Film City located near Hayathnagar in Hyderabad, Andhra Pradesh.
What are some high tech products from India?
India is a producer of high-tech electronical appliances. HCL Technologies is an example of an company which specializes in technology in India.
What are the minimum capital and membership requirements for forming a Producer Company in India?
The minimum capital requirement for forming a Producer Company in India is not specified by law; however, the company must have a share capital and be limited by shares. The minimum number of members required is ten individual producers or two producer institutions. There is no maximum limit on the number of members. Additionally, at least five directors must manage the company's affairs.
What is the leading Asian producer of bananas?
India is the Leading Asian producer of bananas.
Is India the largest producer of coconuts?
no its not india
Advantages of Producer Company Registration in India?
Following are some advantages of Producer Company Registration: 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. 100% Income Tax Exemption: In India, the Producer Company is exempted from paying Income Tax. Loan Facility to Members: Producer Company can extend the financial & credit facility to its members. More Credibility: This is offered to the registered companies as compared to the non-registered ones. Ease in Management: The applicant can make desired alterations in the Board of Management by filing some simple form with regards to the ROC.
India's largest producer of coffee?
Karnataka accounting 53% of the production is the largest producer of coffee in India.
Who is leading producer of bananas?
India is the leading producer of bananas.
Which state is the largest producer of mango in india?
Uttar Pradesh is the largest producer of mango in India.
Which country is the world's largest producer of banana?
India is the world's largest producer of Banana.
Which state in India is largest producer of Tungsten?
maharashtra is largest producer of mineral oil in india
