Producer Company Registration

Overview

A Farmer Producer Company (FPC) is a corporate structure registered under the Companies Act, 2013, formed by farmers or producers to carry out agricultural and related activities collectively, and Taxeto helps farmer groups incorporate one to boost their bargaining power and market access. Taxeto guides members through eligibility, documentation and incorporation so the FPC can eliminate middlemen, access government schemes, and add value to agricultural produce.

Benefits

• Enables farmers to sell produce directly, reducing dependency on middlemen
• Increases collective bargaining power for better prices
• Provides limited liability so members are not personally liable beyond their share capital
• Makes the FPC eligible for various government subsidies, grants and schemes
• Eases access to loans and financial assistance
• Opens opportunities for value addition through processing, packaging and branding

Eligibility

• Minimum 10 individual farmers, or minimum 2 producer institutions
• Only producers can become members
• Minimum 5 directors required, maximum 15
• Must have a registered office in India

Documents Required

1. 1PAN Card of members and directors
2. 2Aadhaar Card of members and directors
3. 3Passport-size photograph
4. 4Email ID and mobile number
5. 5Bank statement / utility bill as address proof
6. 6Rent agreement or NOC for registered office
7. 7Electricity bill of registered office
8. 8Proof that proposed members are producers

Process

1. 1

   Consultation and planning

   Assess farmer group eligibility and plan the structure.

2. 2

   Name approval and registration

   Secure company name approval.

3. 3

   DSC and DIN assistance

   Arrange Digital Signature Certificates and DINs for directors.

4. 4

   MOA and AOA drafting

   Draft the memorandum and articles for agricultural objectives.

5. 5

   Company incorporation

   File incorporation with the Registrar of Companies.

6. 6

   Compliance and advisory support

   Provide ongoing compliance guidance after incorporation.

Frequently Asked Questions