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Farmer Producer Company Registration

🔷 Overview

A Farmer Producer Company (FPC) is a legally recognized business structure for farmers, enabling them to collectively engage in agricultural production, processing, and marketing activities. Registered under the Companies Act, 2013, an FPC allows farmers to benefit from economies of scale, better bargaining power, and financial assistance from the government. Company Mitra provides a seamless FPC registration service, ensuring compliance with government norms and quick incorporation.

🔷 Requirements

Minimum 10 farmers or 2 producer institutions required as members.
Minimum 5 directors, at least one of whom must be an Indian resident.
Minimum paid-up capital of ₹1 lakh.
Registered office address for the company.
Primary activity should be agriculture-related, including production, procurement, or marketing.
Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all directors.

🔷 Benefits

Legal Recognition – Provides a structured and legally recognized business entity for farmers.
Limited Liability – Protects farmers from personal financial losses beyond their investment.
Financial Assistance & Subsidies – Eligible for government grants, loans, and tax exemptions.
Collective Bargaining Power – Enhances farmers’ ability to negotiate better prices and trade efficiently.
Tax Benefits – Profits from certain agricultural activities are exempt from income tax.
Market Access & Technology Support – Enables small farmers to participate in large-scale markets.
Perpetual Existence – The company continues to exist even if members change.

Document Required

Proposed Company Name: Two options are needed.
Nature of Business Activity: Details about farming or production.
Director/Member Identification:
- PAN Card for all.
- Aadhaar Card for all.
- Digital passport-size photographs.
- Address proof (latest electricity bill, telephone bill, or bank statement).
- Email ID and mobile number.
Registered Office Address Proof:
- Latest utility bill (electricity, water) or property tax receipt (not older than 2 months).
- No Objection Certificate (NOC) from the property owner.
Registered Office Ownership Proof: Sale deed, rent agreement, or property tax receipt.
Farming/Land Activity Proof: Optional but recommended proof of land ownership or farming activity.

Professional Fees

~~₹45,000.00~~ ₹45,000.00

Additional Cost

Please visit Incorporation Cost Calculator

Process time

Steps

⏬ Step 1: Consultation & Name Reservation – Our experts help you choose a unique company name and apply for name approval through the RUN (Reserve Unique Name) service on the MCA portal.

⏬ Step 2: Obtain DSC & DIN – We assist in obtaining Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all directors.

⏬ Step 3: Drafting MOA & AOA – We prepare the Memorandum of Association (MOA) and Articles of Association (AOA), defining the company’s objectives and governance structure.

⏬ Step 4: Apply for Incorporation – We file the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form along with the required documents.

⏬ Step 5: Approval & Certificate Issuance – Once approved, the MCA issues the Certificate of Incorporation with a Company Identification Number (CIN).

⏬ Step 6: PAN, TAN & Bank Account Assistance – We assist in applying for the company’s PAN & TAN and guide you in opening a business bank account.

⏬ Step 7: FPC Registration with NABARD & Other Authorities – If required, we assist in obtaining NABARD registration and other agricultural certifications.

⏬ Step 8: Post-Incorporation Compliance Support – We provide ongoing support for GST registration (if required), tax benefits, and other legal compliance requirements.

FAQ

👉 Who can register a Farmer Producer Company?
A group of at least 10 farmers or two producer institutions can register an FPC.

👉 Is there a minimum capital requirement for an FPC?
Yes, the minimum paid-up capital required is ₹1 lakh.

👉 Can an FPC apply for government schemes and funding?
Yes, FPCs are eligible for government grants, NABARD funding, and priority sector loans.

👉 Is tax exemption available for an FPC?
Yes, income from agricultural activities is generally exempt under the Income Tax Act.

👉 What is the minimum number of directors required?
An FPC must have at least 5 directors, with one being an Indian resident.

👉 Can an FPC distribute profits among members?
No, profits must be reinvested in the company to benefit farmers.

👉 How long does it take to register an FPC?
Typically, 15 to 30 working days, depending on approval and document verification.

👉 Can a foreign national become a director in an FPC?
No, only Indian residents can be members and directors of an FPC.

👉 Is GST registration mandatory for an FPC?
GST registration is required only if the turnover exceeds the prescribed limit or if the company engages in taxable agricultural trade.

👉 Can an FPC buy land for farming?
Yes, an FPC can purchase agricultural land and assets for its operations.

👉 What compliance requirements does an FPC have?
FPCs must file annual returns, financial statements, and tax filings with the MCA and tax authorities.

Compliances

Please visit Compliance Cost Calculator

Penalties

Please Visit Penalty cost calculator