A Company is the most acknowledged and accepted form of Business Structure worldwide. Not only it attracts investors but also encourages the entrepreneurs to represent their business in a form which is common and familiar to all. Further, it provides other benefits too such as that of having a perpetual succession and limited liability. Since a company has a separate legal identity from that of its promoters, it is capable of holding funds and properties and to sue and be sued in its own name. It is also eligible to borrow funds in different forms such as loans, debentures, etc.
A company is said to be a producer company if it is engaged in any of the following objects:
Provided that the Producer Company may carry on any of the activities specified in this clause either by itself or through other institution.
15 to 20 working days subject to ROC processing time