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CA K. Lal (Advisor)

About

Multistate Consultants Pvt Ltd


The Multistate Consultants Pvt Ltd is a company which provides services for Producer company setup, Micro Finance, Nidhi /Mutual benfits Society, Multistate and NBFC company registration and all services for their day-to-day functionalities. We focus on providing the best Quality consultancy services by our qualified and experienced experts for the formation, proper working and running of the companies providing financial assistance for various activities in various forms to their members for their upliftment and to be the helping hands for the low income group of the economy. We assure are clients that are services covers all the compliances with the various regulating authorities. We focus on trust and quality services.

WHO WE ARE
Multistate consultant’s private limited is a company registered under Companies Act 2013 for providing the best consultancy services for Producer Companies, Micro Finance Companies , Nidhi / Mutual Benefits Society, MSCS & NBFC company registration and all services for their day-to-day functionalities with the penal of our experts for the upliftment and better working of the finance sector of INDIAN economy.

Our Vision:
To change the working system of Indian finance sector by providing our specialized consultancy services with the focus towards the public interest and upliftment of Small & Medium Industries and Indian economy.

Our Object:
The object of our company is to provide the quality consultancy & Legal services to our clients regarding the formation and issues in relation to the Producer company, NBFC, Nidhi / Mutual benefits company, Micro finance company and Multistate cooperative societies with the expertise knowledge and experience of our experts.

OUR SERVICES ARE FOR

1. Producer Company
"Producer Company" means a body corporate having objects or activities specified in section 581B and registered as Producer Company under this Act
Meaning of the Producer company.
A producer company is basically a body corporate registered as Producer Company under Companies Act, 1956 and shall carry on or relate to any of following activities classified broadly:- (a) production, harvesting, processing, procurement, grading, pooling, handling, marketing, selling, export of *primary produce of the Members or import of goods or services for their benefit : (b) rendering technical services, consultancy services, training, education, research and development and all other activities for the promotion of the interests of its Members; (c) generation, transmission and distribution of power, revitalization of land and water resources, their use, conservation and communications relatable to primary produce; (d) promoting mutual assistance, welfare measures, financial services, insurance of producers or their primary produce; *Primary produce has been defined as a produce of farmers arising from agriculture including animal husbandry, horticulture, floriculture, pisciculture, viticulture, forestry, forest products, re-vegetation, bee raising and farming plantation products: produce of persons engaged in hand-loom, handicraft and other cottage industries: by - products of such products; and products arising out of ancillary industries."Producer institution" means a Producer Company or any other institution having only producer or producers.

Incorporation of the producer company
Any of the following combination of producers can incorporate a
producer company:
• Ten or more producers (individuals); or
• Two or more producer institutions; or
• Combination of the above two (10+2).

Registration of the producer company

  • In a Producer Company, only persons engaged in an activity connected with, or related to, primary produce can participate in the ownership. The members have necessarily to be primary producers.

  • These companies shall be termed as “Companies with Limited Liability” and the liability of the members will be limited to the amount, if any, unpaid on the shares.

  • The name of the company shall end with the words "Producer Company Limited"

  • On registration, the producer company shall become as if it is a private limited company for the purpose of application of law and administration of the company (however it shall comply with the specific provisions of part IXA).

  • The maximum number of 50 members is not applicable to these companies.

Share Capital and Voting Right

  • The share capital of a Producer Company shall consist of equity shares only.
  • Members' equity cannot be publicly traded but only transferred.
  • Voting when membership is
    • Only of individuals then voting rights shall be based on a single vote for every member.
    • Only of producer institutions then voting rights on the basis of their participation.
    • Combination of both individual and producer institutions then voting rights shall be based on a single vote for every member.

Composition of The Management of the producer company

  • Every producer company is to have at least five and not more than 15 directors.

  • A full time chief executive should be appointed by the board and shall be entrusted with substantial powers of management as the board may determine.

2. Microfinance institution

A Microfinance Institution is an organization that offers financial services to low income populations. All give loans to their members and many offer insurance, deposit and other services. A great scale of organizations is regarded as microfinance institutes.

3. Nidhi / Mutual Benefits Society

Nidhi / Mutual Benefits Society, is one of the non banking Indian Finance sector and recognized under section 620A of the Companies Act, 1956. Their core business is borrowing and lending money only between their members.

4. Non-Banking Financial Company

A Non-Banking Financial Company (NBFC Registered through RBI) is a company engaged in the business of loans and advances, acquisition of shares /stocks /bonds /debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. We provide our services for both Deposit Taking NBFC and Non Deposit Taking NBFC.

5. Multi State Cooperative Society

A Multi State Cooperative Society is a Society registered under Multi state cooperative society Act 2002 with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of cooperatives as people’s institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy and for matters connected therewith or incidental thereto.

Contact Details

producer company registration in delhi
Address 1/50, 2ND FLOOR, GANGA APARTMENTS, NEAR GURUDWARA & METRO PILLAR NO.21, LALITA PARK, LAXMI NAGAR, DELHI-110092