Features of a Producer Company
Minimum number of members/producers
A Producer Company shall have a minimum of 10 individuals or 2 producer institutuions or a combination of both.
Maximum number of members/producers
A producer company shall have unlimited number of producers/members.
A minimum of 5 directors is required in a producer company. The members of the company can also hold directorships.
There is no requirement of a minimum paid up share capital. A company can be formed with a mere sum of Rs. 10000 as its share capital.