Producer Company Meaning • A producer company is essentially a body company Registered as Producer Company under Companies Act, 1956 and shall persevere or relate to any of following activities classified broadly:-
Producer Company Meaning • Production, harvesting, processing, procurance, grading, pooling, handling, marketing, selling, export of * primary manufacture of the Members or import of products or services for his or her
Producer Company Meaning • Rendering technical services, practice services, training, education, analysis and development and every one different activities for the promotion of the interests of its Members;
Producer Company Meaning Generation, transmission and distribution of power, resurgence of land and water resources, •their use, conservation and communications relatable to primary produce;
Producer Company Meaning • Promoting mutual help, welfare measures, monetary services, insurance of producers or their primary produce;
Producer Company Management • Every Producer Company shall have minimum 5 and no more than fifteen administrators. • If any director resigns from his post the election shall be conducted among ninety days from the date of resignation of such director.
Producer Company Management •The Director shall hold his workplace for an amount not but one year however no more than five years as is also per the articles. •Each director shall be eligible for reappointment.
Producer Company Management The administrators of the Board square measure electoral by the members within the Annual General Meeting.
Benifits of Producer Company The types of benefits: 1.Member benefits: 2.Loan and Benefits of Producer Company
Benifits of Producer Company 1. Member benefits: The members of the Producer Company area unit primary producers, and thus, area unit in want of economic help from time to time. Hence, a special provision is formed by the Act sixty one of Producer Company of giving loans to its members. The corporate will offer money help to its members through:
Benifits of Producer Company 2. Loan and Benefits: The members of the Producer Company area unit primary producers, and thus, area unit in want of economic help from time to time.
Benifits of Producer Company 2. Loan and Benefits: Hence, a special provision is formed by the Act sixty one of Producer Company of giving loans to its members. The corporate will offer money help to its members through:
Benifits of Producer Company 2. Loan and Benefits The credit facility, to any member, in reference to the business of the corporate, for an amount not extraordinary six months.
Benifits of Producer Company 2. Loan and Benefits: Loans and advances, against security mentioned in articles to any Member, owed at intervals a amount extraordinary 3 months however not extraordinary seven years from the date of disbursement if such loans or advances.
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