Advantages of Producer Company Registration in India

Some advantages of Producer Company Registration
Following are some advantages of Producer Company Registration:

1. Separate Legal Entity:

It’s a separate legal entity which means it can acquire assets & incur debts in its own name and the Directors of the Company have no obligation to the lender of the Company.

2. 100% Income Tax Exemption:

In India, the Producer Company is exempted from paying Income Tax.

3. Loan Facility to Members:

Producer Company can extend the financial & credit facility to its members.

4. More Credibility:

This is offered to the registered companies as compared to the non-registered ones.

5. Ease in Management:

The applicant can make desired alterations in the Board of Management by filing some simple form with regards to the ROC. For more information, visit us on: https://www.registerkaro.in/