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Question ID : 40722

Incorporation of Producer Company

During incorporation of Producer Company, can we attach the proof of farming 7/ 12 extracts of Agricultural Land which is in the name of father or grandfather of member of producer company. Father or grandfather is not the member of producer company. Whether it is mandatory that agriculture land must be in the name of member of producer company or not?

Posted by CA Neha Gupta on Jul 16, 2020

Filed Under Companies Act, 2013

Answer ID : 83593

it is mandatory that the land should be in the name of producer company or there is a firm commitment in form of irrevocable contract for long term usage of the land by the producer company.

Posted by CA. JHA SHANKAR KUMAR on Aug 11, 2022