Producer company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2012
Dear All
Please let me know the minimum paid up capital required for a producer company
Please let me know the minimum paid up capital required for a producer company
24 April 2012
Hi
Part IXA added by the Companies (Amendment) Act, 2002 provides for incorporation of co-operatives as producer companeis and also for registration of inter-State co-operative societies as producer companies. Any ten or more individuals, each of them being a producer or any two or more producer institutions or a combination of ten or more individuals and producer instituations, desirous of forming a producer company having specified objects and otherwise complying with the requirements of Part IXA and other provisions of the Companies Act, 1956 in respect of registration, may form an incorporated company as a producer company.
For Private Producer Company one lakh and public producer company five lakh paid up capital is required for registration.
Regards
Part IXA added by the Companies (Amendment) Act, 2002 provides for incorporation of co-operatives as producer companeis and also for registration of inter-State co-operative societies as producer companies. Any ten or more individuals, each of them being a producer or any two or more producer institutions or a combination of ten or more individuals and producer instituations, desirous of forming a producer company having specified objects and otherwise complying with the requirements of Part IXA and other provisions of the Companies Act, 1956 in respect of registration, may form an incorporated company as a producer company.
For Private Producer Company one lakh and public producer company five lakh paid up capital is required for registration.
Regards
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