{"id":11038,"date":"2021-03-07T01:46:54","date_gmt":"2021-03-06T20:16:54","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=11038"},"modified":"2022-01-25T17:22:55","modified_gmt":"2022-01-25T11:52:55","slug":"producer-company-as-interstate-co-operative-society","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/","title":{"rendered":"Producer company as interstate co-operative society"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d73ec17e01d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d73ec17e01d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#PRODUCER_COMPANY_AS_INTERSTATE_CO-OPERATIVE_SOCIETY\" title=\"PRODUCER COMPANY AS INTERSTATE CO-OPERATIVE SOCIETY\">PRODUCER COMPANY AS INTERSTATE CO-OPERATIVE SOCIETY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#Producer_Company_Incorporation\" title=\"Producer Company Incorporation\u00a0\">Producer Company Incorporation\u00a0<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#Conditions_for_Producer_Company_Registration\" title=\"Conditions for Producer Company Registration\">Conditions for Producer Company Registration<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#Minimum_eligibility_for_Producer_Company_Registration\" title=\"Minimum eligibility for Producer Company Registration\">Minimum eligibility for Producer Company Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#Benefits_of_Farmer_Producer_Company\" title=\"Benefits of Farmer Producer Company\">Benefits of Farmer Producer Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#MEANING_OF_CO-OPERATIVE_SOCIETY\" title=\"MEANING OF CO-OPERATIVE SOCIETY\">MEANING OF CO-OPERATIVE SOCIETY<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#OPTION_FOR_CONVERSION_OF_INTERSTATE_CO-OPERATIVE_SOCIETY_TO_BECOME_PRODUCER_COMPANY\" title=\"OPTION FOR CONVERSION OF INTERSTATE CO-OPERATIVE SOCIETY TO BECOME PRODUCER COMPANY\">OPTION FOR CONVERSION OF INTERSTATE CO-OPERATIVE SOCIETY TO BECOME PRODUCER COMPANY<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#WHO_CAN_OPT_FOR_REGISTERED_AS_A_COOPERATIVE_SOCIETY\" title=\"WHO CAN OPT FOR REGISTERED AS A COOPERATIVE SOCIETY\">WHO CAN OPT FOR REGISTERED AS A COOPERATIVE SOCIETY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#RECONVERSION_OF_PRODUCER_COMPANY_INTO_INTERSTATE_CO-OPERATIVE_SOCIETY\" title=\"RECONVERSION OF PRODUCER COMPANY INTO INTERSTATE CO-OPERATIVE SOCIETY\">RECONVERSION OF PRODUCER COMPANY INTO INTERSTATE CO-OPERATIVE SOCIETY<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/producer-company-as-interstate-co-operative-society\/#FAQ_ON_PRODUCER_COMPANY_AS_INTERSTATE_CO-OPERATIVE_SOCIETY\" title=\"FAQ ON PRODUCER COMPANY AS INTERSTATE CO-OPERATIVE SOCIETY\">FAQ ON PRODUCER COMPANY AS INTERSTATE CO-OPERATIVE SOCIETY<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"PRODUCER_COMPANY_AS_INTERSTATE_CO-OPERATIVE_SOCIETY\"><\/span><span style=\"color: #ff6600;\"><strong><em><u>PRODUCER COMPANY AS INTERSTATE CO-OPERATIVE SOCIETY<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000080;\"><strong><em><u>MEANING<\/u><\/em><\/strong><\/span><\/p>\n<p>Producer companies mean the companies which are registered under the companies act,2013 and it is formed by (A) by any 10 or more individual every individual should be producer (B) 2 or more producer institution (C) combination of 10 or more individual and more producer institution and the things which have been produced through farming activities like mention below :<\/p>\n<figure id=\"attachment_11054\" aria-describedby=\"caption-attachment-11054\" style=\"width: 829px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/pro.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11054\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/pro.png\" alt=\"www.carajput.com; MOA and AOA of Producer Company\" width=\"829\" height=\"1102\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/pro.png 276w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/pro-226x300.png 226w\" sizes=\"(max-width: 829px) 100vw, 829px\" \/><\/a><figcaption id=\"caption-attachment-11054\" class=\"wp-caption-text\">www.carajput.com; MOA and AOA of Producer Company<\/figcaption><\/figure>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11060\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/2.png\" alt=\"www.carajput.com; Formation of Producer Company\" width=\"959\" height=\"787\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/2.png 959w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/2-300x246.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/2-768x630.png 768w\" sizes=\"(max-width: 959px) 100vw, 959px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Producer_Company_Incorporation\"><\/span><strong><u>Producer Company Incorporation\u00a0<\/u><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4 class=\"h1-text\"><span class=\"ez-toc-section\" id=\"Conditions_for_Producer_Company_Registration\"><\/span><span style=\"color: #993366;\">Conditions for Producer <a href=\"https:\/\/www.caindelhiindia.com\/blog\/register-a-company-or-a-startup-company-in-india\/\">Company<\/a> Registration<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul class=\"bullet-icon\">\n<li>The minimal requirements include Five directors &amp; INR Five Lakhs paid-up capital.<\/li>\n<li>2 or more producer institutions<\/li>\n<li>Combination of 10 or more producers or individual institutions.<\/li>\n<li>10 or more single people, each of them being creators or producers.<\/li>\n<\/ul>\n<figure id=\"attachment_11052\" aria-describedby=\"caption-attachment-11052\" style=\"width: 832px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Incorporation-of-Producer-Company.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11052\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Incorporation-of-Producer-Company-1024x768.png\" alt=\"www.carajput.com; Incorporation of Producer company\" width=\"832\" height=\"625\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Incorporation-of-Producer-Company-1024x768.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Incorporation-of-Producer-Company-300x225.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Incorporation-of-Producer-Company-768x576.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Incorporation-of-Producer-Company.png 1200w\" sizes=\"(max-width: 832px) 100vw, 832px\" \/><\/a><figcaption id=\"caption-attachment-11052\" class=\"wp-caption-text\">www.carajput.com; Incorporation of Producer company<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Minimum_eligibility_for_Producer_Company_Registration\"><\/span><span style=\"color: #000080;\"><strong><u>Minimum eligibility for Producer Company Registration<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_11051\" aria-describedby=\"caption-attachment-11051\" style=\"width: 831px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Minimum-Eligibility-Criteria-for-Farmers-Producer-Company.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11051\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Minimum-Eligibility-Criteria-for-Farmers-Producer-Company-1024x1024.png\" alt=\"www.carajput.com; Requirement for of Producer company\" width=\"831\" height=\"831\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Minimum-Eligibility-Criteria-for-Farmers-Producer-Company-1024x1024.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Minimum-Eligibility-Criteria-for-Farmers-Producer-Company-150x150.png 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Minimum-Eligibility-Criteria-for-Farmers-Producer-Company-300x300.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Minimum-Eligibility-Criteria-for-Farmers-Producer-Company-768x768.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Minimum-Eligibility-Criteria-for-Farmers-Producer-Company.png 1200w\" sizes=\"(max-width: 831px) 100vw, 831px\" \/><\/a><figcaption id=\"caption-attachment-11051\" class=\"wp-caption-text\">www.carajput.com; Requirement for of Producer company<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_11050\" aria-describedby=\"caption-attachment-11050\" style=\"width: 828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Types-of-Producer-Companies-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11050\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Types-of-Producer-Companies-1-1024x787.jpg\" alt=\"www.carajput.com; Types of Producer Company\" width=\"828\" height=\"637\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Types-of-Producer-Companies-1-1024x787.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Types-of-Producer-Companies-1-300x230.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Types-of-Producer-Companies-1-768x590.jpg 768w\" sizes=\"(max-width: 828px) 100vw, 828px\" \/><\/a><figcaption id=\"caption-attachment-11050\" class=\"wp-caption-text\">www.carajput.com; Types of Producer Company<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_Farmer_Producer_Company\"><\/span><span style=\"color: #000080;\"><strong>Benefits of Farmer Producer Company<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Competitive Advantage<\/strong>: Yearly compliance gives a competitive edge in the market. It can be used in advertising the business and assuring the investors\/ customers about the Producer Company\u2019s business.<\/li>\n<li><strong>Active Status<\/strong>: As stated earlier, regular default in annual compliances results in striking down of name of the Producer Company by the registrar. So, Yearly compliance helps in marinating active status.<\/li>\n<li><strong>Avoiding Penalties<\/strong>: Many times MSME end up with big penalties as they do not comply with annual compliances. So, regular yearly annual compliances result in avoiding heavy penalties.<\/li>\n<li><strong>Correctness Of Data<\/strong>: Yearly compliance by the companies ensures that the data collected for annual compliance is correct.<\/li>\n<li><strong>Credibility &amp; Transparency:<\/strong> Proper compliance according to company law is required of each and every company. This regular compliance helps the Producer Company in raising its credibility.<\/li>\n<li>In government tenders, loans, etc., the authority or banks, etc. consider regular compliance as criteria for ensuring the credibility &amp; transparency of an organization.<\/li>\n<li><strong>Client Assurance:<\/strong> Regular Yearly compliance results in assuring the clients that the Producer Company is regularly reviewing its operation. So, they can trust the Producer Company regarding their operations.<\/li>\n<\/ul>\n<figure id=\"attachment_11047\" aria-describedby=\"caption-attachment-11047\" style=\"width: 962px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/benifit.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11047\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/benifit.png\" alt=\"www.carajput.com; Benefits of menber of Company\" width=\"962\" height=\"547\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/benifit.png 962w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/benifit-300x171.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/benifit-768x437.png 768w\" sizes=\"(max-width: 962px) 100vw, 962px\" \/><\/a><figcaption id=\"caption-attachment-11047\" class=\"wp-caption-text\">www.carajput.com; Benefits of menber of Company<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"MEANING_OF_CO-OPERATIVE_SOCIETY\"><\/span><span style=\"color: #000080;\"><strong><em><u>MEANING OF CO-OPERATIVE SOCIETY<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A voluntary association of people who come together and invest their small savings to form co \u2013 cooperative society. It is established for the mutual benefit of members.<\/p>\n<p>Minimum 10 members are required to form a cooperative society. There is no upper limit of members.<\/p>\n<p>Some examples of co-operative society are-<\/p>\n<ul>\n<li>Consumer co \u2013 cooperative society- it buys goods from producers or wholesalers in large quantity then sells to its members.<\/li>\n<li>Credit co-operative society \u2013 it provides loans to its members at a reasonable rate.<\/li>\n<li>Producer co-operative society \u2013 formed by small-scale producers.<\/li>\n<li>Housing co \u2013 cooperative society \u2013 formed by people who come together to buy a piece of land and build a residential building on it.<\/li>\n<\/ul>\n<figure id=\"attachment_11045\" aria-describedby=\"caption-attachment-11045\" style=\"width: 835px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/farmer-producer-company.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11045\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/farmer-producer-company.jpg\" alt=\"www.carajput.com; Producer company V\/s Producer cooporations\" width=\"835\" height=\"627\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/farmer-producer-company.jpg 638w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/farmer-producer-company-300x225.jpg 300w\" sizes=\"(max-width: 835px) 100vw, 835px\" \/><\/a><figcaption id=\"caption-attachment-11045\" class=\"wp-caption-text\">www.carajput.com; Producer company V\/s Producer corporations<\/figcaption><\/figure>\n<figure id=\"attachment_11048\" aria-describedby=\"caption-attachment-11048\" style=\"width: 975px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/coops.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11048\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/coops.jpg\" alt=\"www.carajput.com; Producer company V\/s Cooprative\" width=\"975\" height=\"741\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/coops.jpg 975w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/coops-300x228.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/coops-768x584.jpg 768w\" sizes=\"(max-width: 975px) 100vw, 975px\" \/><\/a><figcaption id=\"caption-attachment-11048\" class=\"wp-caption-text\">www.carajput.com; Producer company V\/s Cooprative<\/figcaption><\/figure>\n<h1><span class=\"ez-toc-section\" id=\"OPTION_FOR_CONVERSION_OF_INTERSTATE_CO-OPERATIVE_SOCIETY_TO_BECOME_PRODUCER_COMPANY\"><\/span><span style=\"color: #000080;\"><strong><em><u>OPTION FOR CONVERSION OF INTERSTATE CO-OPERATIVE SOCIETY TO BECOME PRODUCER COMPANY<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<figure id=\"attachment_11040\" aria-describedby=\"caption-attachment-11040\" style=\"width: 834px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/interState-cooperative-societies.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11040\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/interState-cooperative-societies.png\" alt=\"www.carajput.com; Option to convert Inter state cooprative to producer company\" width=\"834\" height=\"469\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/interState-cooperative-societies.png 640w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/interState-cooperative-societies-300x169.png 300w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><figcaption id=\"caption-attachment-11040\" class=\"wp-caption-text\">www.carajput.com; Option to convert Interstate cooperative to the producer company<\/figcaption><\/figure>\n<ol>\n<li>An inter-state co \u2013 a cooperative society that wants to get convert into a producer company can convert itself by applying to the registrar.<\/li>\n<li>The object of the company shall not be confirmed to a single state.<\/li>\n<\/ol>\n<p>Following documents shall be attached to the application for the conversion-<\/p>\n<ul>\n<li>Copy of special resolution passed at the annual general meeting which is approved by not less than 2\/3 members of the society for incorporation as a producer company.<\/li>\n<li>A statement of the name, address of the director, and chief executive of the society.<\/li>\n<li>A list of all the members of the society.<\/li>\n<li>A statement showing that society is engaged in one or more objects which are required by the producer company.<\/li>\n<li>A declaration that all the above requirements are true and correct<\/li>\n<li>All the above requirements are certified by 2 or more directors of the society.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>After receiving the application from the registrar. The register shall verify the application and issue the certificate of incorporation within 30 days of receiving the application.<\/li>\n<li>The registrar of the company is bound to inform the registrar of society with whom the society is registered earlier for dealing with the society from its register.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"WHO_CAN_OPT_FOR_REGISTERED_AS_A_COOPERATIVE_SOCIETY\"><\/span><span style=\"color: #000080;\"><strong><em><u>WHO CAN OPT FOR REGISTERED AS A COOPERATIVE SOCIETY<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>A cooperative society formed by the producer.<\/li>\n<li>A cooperative society is formed by a federation or union of co \u2013 cooperative societies of producers.<\/li>\n<li>Co-operatives of producers.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"RECONVERSION_OF_PRODUCER_COMPANY_INTO_INTERSTATE_CO-OPERATIVE_SOCIETY\"><\/span><span style=\"color: #000080;\"><strong><em><u>RECONVERSION OF PRODUCER COMPANY INTO INTERSTATE CO-OPERATIVE SOCIETY<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_11039\" aria-describedby=\"caption-attachment-11039\" style=\"width: 832px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Producer-Company-to-interState.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11039\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Producer-Company-to-interState.png\" alt=\"www.carajput.com; Option to Reconvert producer company into inter state cooprative\" width=\"832\" height=\"468\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Producer-Company-to-interState.png 640w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Producer-Company-to-interState-300x169.png 300w\" sizes=\"(max-width: 832px) 100vw, 832px\" \/><\/a><figcaption id=\"caption-attachment-11039\" class=\"wp-caption-text\">www.carajput.com; Option to Reconvert producer company into inter state cooprative<\/figcaption><\/figure>\n<ol>\n<li>Application to HCis to be given Application shall be made after passing the special resolution by 2\/3 of members present and voting or \u00be of the creditors.<\/li>\n<li>HC shall direct the company to hold the meeting of the members of the meeting of the creditors.<\/li>\n<li>Obtain approval in the meeting of members of the creditors.<\/li>\n<li>If HC is satisfied with the application then HC shall sanction the scheme which will be binding on all the members or creditors.<\/li>\n<li>Filing the copy of the certified order to the registrar of the company.<\/li>\n<li>If any default is made then rs. 100 is fine for each day to the company and officer of the company who is in default.<\/li>\n<li>After that copy of the order is annexed to every copy of the memorandum issued thereafter by the company.<\/li>\n<\/ol>\n<h1><span class=\"ez-toc-section\" id=\"FAQ_ON_PRODUCER_COMPANY_AS_INTERSTATE_CO-OPERATIVE_SOCIETY\"><\/span><span style=\"color: #000080;\"><strong><em><u>FAQ ON PRODUCER COMPANY AS INTERSTATE CO-OPERATIVE SOCIETY<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"color: #000080;\"><strong>Q:-\u00a0 can a federation or union of co \u2013 cooperative societies of producers formed a producer company?<\/strong><\/span><\/p>\n<p>Ans.- yes, any federation or union of co-operative societies of producers are eligible to form a producer company.<\/p>\n<p><span style=\"color: #000080;\"><strong>Q : &#8211; Who can certify the documents which are submitted along with the application of conversion of inter-state co-operative society into producer company?<\/strong><\/span><\/p>\n<p>Ans.- any 2 or more directors can certify the documents which are submitted along with the application of conversion of inter-state co-operative society into a producer company.<\/p>\n<p><span style=\"color: #000080;\"><strong>Q : &#8211; at what time registrar shall issue the certificate of incorporation for the conversion of inter-state co-operative society into the producer company?<\/strong><\/span><\/p>\n<p>Ans.- The registrar shall issue a certificate of incorporation within 30 days of receiving the application for conversion of inter-state co-operative society into a producer company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PRODUCER COMPANY AS INTERSTATE CO-OPERATIVE SOCIETY MEANING Producer companies mean the companies which are registered under the companies act,2013 and it is formed by (A) by any 10 or more individual every individual should be producer (B) 2 or more producer institution (C) combination of 10 or more individual and more producer institution and the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9027],"tags":[9792],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/11038"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=11038"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/11038\/revisions"}],"predecessor-version":[{"id":11044,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/11038\/revisions\/11044"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=11038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=11038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=11038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}