Following are the minimum requirements to obtain registration as producer company:
1) The main object of the company must be too as provided in Section 581B of Companies Act, 1956
2) Minimum 10 individuals (who are a producer) or at least 2 producer institutes must subscribe the shares of the company
3) Minimum 5 directors in the company, one of which must be Indian citizen and resident
4) The registered office of the company must be situated in India