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A Farmer Producer Company (FPC), established under the Companies Act, 2013, empowers farmers by addressing key challenges such as limited market access, high input costs, lack of credit, and fragmented landholdings. By pooling resources, FPCs enable collective bargaining, reducing costs for inputs and securing better prices for produce by eliminating intermediaries. They provide access to government grants, subsidies, and low-interest loans, along with shared infrastructure like warehouses and processing units to minimize post-harvest losses. FPCs also offer training in modern agricultural practices, mitigating risks and boosting productivity. With professional management and economies of scale, FPCs transform farming communities into profitable ventures. Join or form an FPC today to unlock growth opportunities and ensure sustainable, profitable farming. Contact us for expert assistance in registration, compliance, and resource mobilization!
Looking to register a Farmer Producer Company? Call us at 7030307028 or click here to chat on WhatsApp.
Start your Farmer Producer Company registration today! Call 7030307028 or click here to connect with us on WhatsApp.
Want to set up a Farmer Producer Company hassle-free? Give us a call at 7030307028 or click here to chat on WhatsApp today!
Need help with Farmer Producer Company registration? Reach out to us at 7030307028 or click here to chat on WhatsApp now!
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The cost of registering a Farmer Producer Company in India varies based on several factors such as the number of directors, share capital, and professional fees.
Want to register a Farmer Producer Company in just ₹18,999? Call 7030307028 or WhatsApp us to get started today!
Explore the details of leading Farmer Producer Companies (FPCs) in India, to get inspiration.r.
Interested in starting your own Farmer Producer Company? Call 7030307028 or WhatsApp us to get expert guidance today!
A Farmer Producer Company (FPC) is a type of organization registered under the Companies Act, 2013, specifically designed to improve the income and livelihood of farmers by allowing them to pool resources, share knowledge, and collectively sell their produce in the market.
The key benefits of forming an FPC include:
• Collective bargaining for better prices.
• Access to government schemes and subsidies.
• Improved access to technology, credit, and markets.
• Limited liability protection for members.
• Tax exemptions under certain conditions.
A minimum of 10 individual farmers or 2 producer institutions (such as cooperatives or other FPCs) are required to form an FPC. There is no upper limit on the number of members.
Documents needed include:
• PAN card of each member.
• Address proof (Aadhaar, passport, voter ID, etc.) of each member.
• A registered office address proof (utility bill, rental agreement).
• Articles of Association (AoA) and Memorandum of Association (MoA) for the FPC.
The registration process involves:
1. Obtaining a Digital Signature Certificate (DSC) for all directors.
2. Obtaining a Director Identification Number (DIN) for all directors.
3. Name approval through the RUN (Reserve Unique Name) service.
4. Filing incorporation documents such as MoA, AoA, and other relevant forms with the Registrar of Companies (ROC).
5. Receiving the Certificate of Incorporation and starting the business.
Any farmer, producer, or producer institution involved in agricultural or allied activities such as dairy, fishery, poultry, or farming can become a member of an FPC.
The minimum capital required is ₹1 lakh. This capital can be raised through membership contributions and is used for the initial setup and operations of the company.
Yes, an FPC is eligible to take loans from banks and financial institutions. Banks and government agencies often provide easier access to credit and grants to support the growth of FPCs.
FPCs enjoy tax benefits under Section 10(1) of the Income Tax Act, 1961. Income from agricultural activities is exempt from tax, subject to certain conditions.
The Board of Directors manages the day-to-day operations of the FPC, makes strategic decisions, and ensures compliance with legal and regulatory requirements. They are elected by the members of the FPC.
A Farmer Producer Company must have a minimum of 5 directors and can have up to 15 directors. The directors are typically farmers or representatives of producer institutions.
• Cooperative Society: Operates under the Cooperative Societies Act, and profits are distributed equally.
• FPC: Operates under the Companies Act, 2013, and profits are distributed based on the quantity of produce supplied by each member.
No, a Farmer Producer Company cannot be converted into a private limited company. It must always remain a producer company under the Companies Act, 2013.
Key compliance requirements include:
• Filing of annual financial statements and balance sheet with the ROC.
• Filing annual returns.
• Conducting annual general meetings (AGM).
• Income tax filing and maintaining statutory registers.
Udyogpro helps farmers and agricultural institutions with the entire registration process of a Farmer Producer Company. Our services include assistance in filing incorporation documents, name approval, obtaining DIN and DSC for directors, and ensuring post-incorporation compliance.
FPCs can engage in a wide range of agricultural and allied activities, including:
• Production, harvesting, processing, and marketing of farm produce.
• Procurement of inputs like seeds, fertilizers, and pesticides.
• Providing technical services, education, and training to farmers.
• Facilitating loans and credit facilities.
Yes, an FPC can raise funds through the issuance of shares to its members. However, only farmer-producers can be shareholders, and shares cannot be transferred to non-farmer entities.
Yes, FPCs can engage in the export of agricultural products. They need to register with the Directorate General of Foreign Trade (DGFT) and obtain the necessary licenses and permits for export activities.
A Producer Institution refers to any organization, such as a cooperative society, that consists of farmer members and can be part of an FPC. These institutions pool their resources to strengthen their operations through collective action.
An FPC must appoint a Company Secretary if its paid-up capital exceeds ₹5 crore. Otherwise, the appointment of a Company Secretary is optional.
An FPC’s primary activities must relate to agriculture or allied sectors. However, it can engage in non-agricultural activities if they complement or enhance the main objectives of the producer company, such as processing, marketing, or technical services.
Several government schemes, like the Equity Grant and Credit Guarantee Fund Scheme for Farmer Producer Companies and Kisan Credit Cards (KCC), offer financial support to FPCs. Udyogpro can assist FPCs in applying for these schemes and accessing grants.
Members of an FPC contribute to the company’s capital, participate in the decision-making process, supply produce, and share profits. Their voting rights are based on their contribution to the company.
Voting rights in an FPC are typically distributed based on the quantity of produce contributed by each member, unlike in traditional companies where voting rights are based on shareholding.
An FPC enjoys perpetual succession, meaning its existence does not depend on the continuity of its members or directors. It will continue to exist even if all the original members retire or pass away.
Yes, an FPC can be dissolved voluntarily by its members or through a court order. The dissolution process follows the procedures outlined in the Companies Act, 2013.
Profits in an FPC are distributed among the members based on the quantity of produce they supply. Additionally, a portion of profits can be retained for business expansion or reserved for the development of the company.
Yes, an FPC can receive foreign investment, subject to the regulations of the Foreign Direct Investment (FDI) policy. However, it is essential to consult legal experts to ensure compliance with relevant laws.
Some challenges faced by FPCs include:
• Access to capital and credit.
• Market linkages and competitive pricing.
• Limited awareness among farmers regarding the benefits of FPCs.
• Compliance with complex regulatory requirements.
Udyogpro provides comprehensive post-registration services, including compliance management, annual return filing, accounting, tax advisory, and assistance in availing government grants and schemes to help FPCs grow and thrive.
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