Producer Company

Lawply | Updated: 24, Apr 2019 | Category: None

What is Producer Company?

Producer Company Concept was introduced in the year 2002. Producer Company is dealt by the provisions of the Companies Act 1956. The provisions of Section 465(1) of Companies Act 2013 stated that provisions of Companies Act 1956 shall mutatis mutandis to a Producer Company.

 

Producer Companies is a body corporate which shall be registered as Producer Company under Companies Act 1956. The Company shall have objectives or activities specified in Section 581B.

 

There are certain objectives mentioned in the Act Producer Companies can be incorporated into like Production, harvesting, promote the techniques of mutuality etc

 

Each Producer company in India has to file the annual return with ROC (Registrar of Companies). The annual General meeting must be held twice a year after 6 months. Producer Company Annual compliance consists of below activities

Annual Compliance for Producer Company

  • Maintain Accounts and Prepare financial statements: - Mandatory at each financial year end
  • Annual returns: - Once a year.
  • Income tax return: - Each Year on or before 30th of September.
  • Annual General Meeting: - Mandatory twice a year.
  • Audit: - It is compulsory for Producer company to conduct an annual audit of its accounts.
  • Annual Filing of Forms: - Mandatory once a year.

 

How to Track Producer Company Compliance

Get Started Free

Choose Risk Manager Tool

Generate Request for Producer Compliance

 

Lawply Team will respond with All related Compliance in your Dashboard

Our Compliance expert advisor will help your Producer company to complete annual and other mandatory Compliance.

 

 

How to Track Producer Company Contracts and Licenses

Get Started Free

Choose Contracts Cloud Tool

Upload all Documents with Relevant dates

 

Lawply Team will help you get Data entry done from your existing excel

Start Getting Reports, Calendar, Renewal Notifications and Alerts

 

 

CHECK OUT OUR

Contract Cycle Tool | Contract Template tool | Case Management Tool

Be Special With Us

New to lawply? With supporting text below as a natural lead-in to additional content.

Get Started
Check Your Positions

Already have an account at lawply? With supporting text below as a natural lead-in to additional content.

Login Now