Is Statutory Audit Compulsory for a Producer Company?

Yes. A Producer Company must get its accounts audited every year by a practising Chartered Accountant (CA). This applies even if the company has not started business, has no sales or has made a loss. The audited financial statements are needed for the Annual General Meeting (AGM) and for filing with the Registrar of Companies (ROC).

Producer Companies are often called Farmer Producer Companies or FPOs (Farmer Producer Organisations). They are owned by farmers and other primary producers, and many of them receive government support, grants and bank loans. A clean annual audit helps them keep these benefits.

CA Arpit Gupta helps Producer Companies with statutory audit, ROC filings, grant utilisation certificates and yearly compliance, in simple language that every farmer-director can understand.

Why is the Statutory Audit of Producer Company Important?

• It is a legal duty
• Trust among members
• Government schemes ask for audited accounts and utilisation certificates
• Bank loans and credit guarantees
• Fair sharing of surplus
• Control over fraud and mistakes
• Tax benefits

What Documents are Needed for the Producer Company Statutory Audit?

• Certificate of Incorporation, MOA and AOA
• PAN, TAN and GST details of the company
• List of members, shareholding and share register
• Trial balance and ledgers
• Bank statements for the full year
• Procurement records: weighment slips, member-wise purchase and payment details
• Sales invoices and buyer agreements
• Stock registers and storage records
• Grant and scheme documents: sanction letters, utilisation records and bank entries
• Loan statements and agreements
• Expense vouchers and bills
• Salary records and PF or ESI details
• GST, TDS and Income Tax returns and challans
• Minutes of Board and general meetings
• Fixed asset register and purchase papers
• Previous year's audited accounts and ROC forms

If your records are not in order, we help you organise them before the audit.

How Does Our Audit Process Work?

1. Call or WhatsApp us on +91-7081220600
2. Tell us about your Producer Company like members, activities, turnover, grants and filing status
3. We check the reports and filings that apply to you
4. We confirm our independence and share the proposal and fee
5. The auditor is appointed with consent, eligibility certificate and Form ADT-1
6. We send the document list and a simple timeline
7. You share the books and records
8. We audit the accounts, including member dealings, grants and reserves
9. We discuss the findings with the Board and the CEO and suggest corrections
10. We finalise the Auditor's Report with UDIN and any utilisation certificate
11. We help with the AGM papers and with AOC-4, MGT-7 and other filings
12. We remind you about the next due dates

Why Choose CA Arpit Gupta for Producer Company Statutory Audit?

• Practising Chartered Accountant
• Understanding of FPO needs
• Complete ROC support
• Grant and scheme support
• Help with old defaults
• We explain the accounts to farmer-directors clearly
• One CA for all needs
• Easy contact

Get Your Producer Company Audit Done on Time

Do not let a missed filing put your grants and your directors at risk. Share your Producer Company details with CA Arpit Gupta, and we will complete your audit and the filings with care.

Call or WhatsApp CA Arpit Gupta at: +91-7081220600.