A Producer Company is being formed by 10 or more Individuals or 2 or more Institutions, dealing in agricultural produces or post-harvest processing activities. Thus, a producer company is legally recognized cluster of agriculturists/farmers which aims to improve their incomes and the standard of their living. For incorporation of a producer company in India, there are required a minimum of Five Directors and Ten Shareholders/Members. There is no limit kept for the maximum permissible number of members.