Any one or more persons who is desirous to work in an agricultural activities have a best option to registered itself as a producer company for obtaining various benefits offered by government for the growth of agricultural sector.
These types of companies are working like co-operative societies. Mainly these types of companies are registered in rural areas by the producers,
IMPORTANCE OF PRODUCER COMPANY INCORPORATION:-
These companies are incorporated to develop the rural economies and bridge the gap between industry and agriculture, rural and urban area and industry and labour etc. these companies are basically for promotion of rural economies.
The concept of Producer Company not only provides an opportunity to the co-operative sector to corporatize itself but also opens up new avenues for them.
One of the best motive behind of the producer company incorporation is to facilitate the incorporation of co-operative business as companies and to do it possible to mould existing co-operative business into companies.