Farmer Producer Company
"Empowering Farmers, Enriching Communities – Register Your FPC Today!"
Overview of Producer Co. (FPC):
Producer Company is a company registered under the Companies Act, 2013, which has the objective of Production, Harvesting, Procurement, grading, pooling, handling, marketing, selling, and export of primary produce of the Members or import of goods or services for their benefit. A Producer Company deals primarily with agriculture and post-harvest processing activities.
For the Incorporation of a Farmer Producer Company (FPC) in India, a minimum of ten primary producers (farmers); or a minimum of two Producer institutions or a combination of both is required.
Minimum 5 Directors is required to incorporate a Producer Company.
A minimum Authorized Share Capital of Rs. 500,000 is required to incorporate a Producer Company.
Every Producer Company shall have the last words (suffix) “Producer Limited’’ as part of its name.
The share capital of a Producer Company shall consist of Equity Shares only.
Benefits of Producer Co. (FPC):
Following are the major advantages of Producer Company:
a) No Minimum Paid Capital requirement:
Producer Company can be incorporated with zero Paid-up Share Capital. However minimum Rs. 5,00,000 authorized share capital is required to incorporate a Producer Company.
b) Separate Legal Entity:
Producer Company is a Separate Legal entity in the court of law. Producer Company also holds its own identity like other companies' structures.
c) Credibility and Existence:
A Producer Company has more credibility as compared to other organizational structures. A Producer Company also has perpetual existence.
d) Bonus shares:
Members will have the benefit of receiving Bonus Shares in the proportion to the amount held.
Objective of Producer Co. (FPC):
A Producer Company is a Body Corporate registered under Companies Act, 2013 and it incorporates to carry out any of the following business activates:-
1) Processing including preserving, drying, distilling, brewing, venting, canning, and packaging of produce fits members.
2) It will helpful for providing education on the mutual assistance principles to its members and others.
3) Providing technical services, consultancy services, training, research, development, and all other activities for the benefit of its members.
4) Providing services of Generation, transmission, and distribution of powers, revitalization of land and water resources, their use, conservation, and communications as required by the primary produce.
5) Assigning Insurance of producers or their primary produce, for the welfare of the producer company
6) Providing techniques of mutuality and mutual assistance, to the members involved in the activities and process of production
7) Welfare measures as per the time required or facilities for the benefit of members as may be decided by the board.
8) The main objective is to give right amount of wages to the farmers and support them in accessing government services.
Process of Registration:
1) Share Documents:
Our experts will call you and get a free consultation on the name of the company, capital contribution by the shareholders, and documentation required for new company registration.
2) Name Reservation:
Our expert would make a name reservation with the authority so that the company name is reserved.
3) Apply for DSC:
The next step is to apply for a digital signature Certificate. It is used to digitally sign the e-forms.
4) Filing of Incorporation e-form:
Our expert will file the incorporation e-form which is the final step in getting your Producer Company Registration.
5) Certificate of Incorporation:
After processing the application by the department the certificate of incorporation is issued by the authority.
6) Ready to Work!
Once the certificate of incorporation is received, you are ready to work and take your business to great heights of excellence!
Documents required for Registration:
1) From Directors and Shareholders:
a) Scanned copy of PAN card & Aadhaar Card.
b) Pass-port-sized photographs.
c) Identity Proof (Scanned copy of Voter ID/ Driving License/Passport)
d) Address proof (Scanned copy of Utility Bill – electricity/water/mobile), make sure that the address proof is not older than 2 months
e) Mobile No. & Mail ID
2) For Registered Office:
a) Rent Agreement or the Lease Deed or the Sale Deed of the place being used as Registered Office; or,
b) Address Proof of the Registered Office (electricity Bill), make sure that the address proof is not older than 2 months.
c) No-Objection Certificate (NOC) signed by the actual owner of the Property.
(Important note: 1) All above proof must be self-attested. For the foreign nationals, all documents must be apostilled or notarized and scanned passport copy is mandatory.)
