Posts in Firozabad | India

Introduction A business or corporate body having any object such as producing, harvesting, procurement, grading, pooling, handling, marketing, selling, exporting primary products or importing goods or services for their benefit is referred to as Producer Business The supplier identifies as any person engaged in any activity related to or relating to any primary product. Primary product means ➲ Agricultural products (including animal husbandry, horticulture, floriculture, pisciculture, forestry, forestry, re-vegetation, bee-growing, and farming products) or any other primary operation or service that promotes the interests of farmers or consumers; or ➲ Manufacture of persons engaged in the manufacture of handicrafts and other cottages industry. ➲ Any product resulting from any of the above activities, including by-products of such products; ➲ Any product resulting from an ancillary activity which would assist or promote any of the above activities or any ancillary activities thereof; ➲ Any activity intended to increase or improve the quality of the production of something referred to in subclauses I to (iv); A producer company is a corporate body regulated by the provisions of Chapter IXA (Sections 581A to 581ZL) of the Companies Act, 1956 (CA, 2013 has no clear provision concerning producer companies and thus Chapter IXA of the Companies Act, 1956 has not been repealed). Producer Company can only be formed to pursue items in compliance with Section 581B of the 1956 Company Act Objects of Producer Company must carry The objects of the Producer Company (specified in 581B of the act) shall relate to all or any of the following matters, namely : - (a) Manufacture, processing, purchase, grading, pooling, storage, distribution, selling, the export of Members' primary products or imports of goods or services for their benefit: provided that the Producer Company is entitled to carry out any of the activities stated in this clause either by itself or by any other entity.; (b) Processing including the storage, drying, distilling, brewing, venting, canning and packaging of its Members' products; (c) Manufacture, selling or supply of machinery or consumables, primarily to its Members (d) educating to its member and others on the mutual assistance principles (e) Providing services to its member like technical services, consultancy services, training, research and development and all other activities for the promotion of the (f) Generation, transmission, and distribution of power, revitalization of land and water resources, their use, conservation and communications relatable to primary produce; (g) Providing insurance to producers or their primary produce; (h) Promoting techniques of mutuality and mutual assistance ; (i) Facilitate facilities for the benefit of Members as may be decided by the Board ; (j) any other activity, ancillary or incidental to any of the activities referred to in clauses (a) to (i) or other activities which may promote the principles of mutuality and mutual assistance amongst the Members in any other manner ; Every Producer Company shall deal primarily with the produce of its active Members for carrying out any of its objects specified in this section. https://www.corpzo.com/producer-company