Project Brief

Development of by-laws and completion of registration process of Artisan Producer Company along with standardisation of accounting system.

Project Description

Shramik Abhivrudhi Sangh promoted Artisan Producer Company with support of MITAN and AIACA. ALC India was engaged in developing by-laws as part of the registration process under the Producer Company Act through discussions with all stakeholders – artisans, AIACA, MITAN and Shramik Abhivrudhi Sangh. ALC India also created a standardised accounting system for the new producers company by migrating its existing financial accounts and transactions into the new accounting system.

The by-laws recommended facilitated transparency in the company and also covered the payment system, incentives system, decentralization and member’s eligibility. The standardisation of the accounting system gave details about the Artisan Producers Company’s annual financial statements like balance sheet, profit & loss, trial balance and so on.