FARMER PRODUCER COMPANY REGISTRATION
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|---|---|
| ✔ Company Registration | ✔ Company Registration |
| ✔ Annual ROC Compliance | |
| ✔ Audit Work | |
| ✔ Book Keeping | |
| ✔ GST Invoice Software | |
| ✔ Professional Consultancy |
Farmer Producer Company Registration
Farmer Producer Company Registration in India
Welcome to Bharat Filing Point! We are your one-stop solution for all your business setup and registration needs in India.
At Bharat Filing Point, we understand the complexities of starting and running a business in India. That’s why we are dedicated to providing hassle-free and efficient services to help you navigate through the various legal requirements and regulations.
Introduction to Farmer Producer Company Registration
Farmer Producer Companies (FPCs) play a crucial role in empowering farmers by allowing them to form a collective, enabling better production, procurement, and marketing of their produce. Registering an FPC can provide numerous benefits, including improved access to resources, better price realization, and enhanced bargaining power.
What is a Farmer Producer Company?
A Farmer Producer Company Registration in India is a legally recognized entity formed by primary producers like farmers. The primary objective of an FPC is to improve the livelihood of its members through better planning, production, and marketing of agricultural products.
Advantages of a Farmer Producer Company
- Collective Bargaining: Enhanced bargaining power for members.
- Access to Resources: Easier access to credit, technology, and government schemes.
- Better Market Access: Improved market linkages and better price realization.
- Professional Management: More efficient and professional management practices.
Steps to Register a Farmer Producer Company in India
1. Obtain Digital Signature Certificate (DSC)
The first step involves obtaining a DSC for all proposed directors and subscribers. This is essential for signing electronic documents during the registration process.
2. Obtain Director Identification Number (DIN)
Next, obtain a DIN for all proposed directors. This unique identification number is mandatory for anyone intending to become a director.
3. Reserve a Unique Name
You need to reserve a unique name for your company through the RUN (Reserve Unique Name) service on the Ministry of Corporate Affairs (MCA) website. Ensure that the name reflects the company’s objectives and is not already in use.
4. Prepare Incorporation Documents
Prepare the incorporation documents, including the Memorandum of Association (MOA) and Articles of Association (AOA). These documents outline the company’s objectives and the rules governing its operations.
5. File SPICe+ Form
File the SPICe+ form (Simplified Proforma for Incorporating Company Electronically Plus) with the MCA for incorporation. This comprehensive form simplifies the company registration process by integrating multiple services.
6. Obtain Certificate of Incorporation (COI)
Upon successful approval by the MCA, you will receive the Certificate of Incorporation (COI). This document officially recognizes your company as a legal entity.
7. Apply for PAN and TAN
Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your newly formed company. These are crucial for tax-related transactions.
8. Open a Company Bank Account
Open a company bank account and deposit the minimum required share capital. This ensures that your company has the necessary financial setup to commence operations.
9. Statutory Filings
Make the required statutory filings within the prescribed timelines. This includes compliance with ROC (Registrar of Companies) requirements and other regulatory obligations.
Essential Licenses and Registrations for Farmer Producer Company
Depending on the nature of your business, you may need additional licenses and registrations, such as:
- FSSAI License for food-related businesses.
- GST Registration for businesses exceeding the turnover threshold.
- Import Export Code (IEC) for businesses involved in international trade.
Compliance and Maintenance of Farmer Producer Company
Ensuring compliance with regulatory requirements is crucial for the smooth functioning of an FPC. This includes regular filing of annual returns, maintaining proper financial records, and adhering to statutory compliances.
Conclusion
Registering a Farmer Producer Company can significantly benefit farmers by providing them with a structured platform to enhance their productivity and profitability. At Bharat Filing Point, we simplify the registration process, ensuring a seamless and hassle-free experience.
Do you have questions about how we can help your company? Send us an email and we’ll get in touch shortly.
Mail: info@bharatfilingpoint.com
Website: www.bharatfilingpoint.com
Proprietorship vs Partnership vs LLP vs Company (Pvt Ltd)
| FEATURES | PROPRIETORSHIP | PARTNERSHIP | LLP | COMPANY |
|---|---|---|---|---|
| Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
| Ownership | Sole Ownership | Min 2 Partners Max 50 Partners | Designated Partners | Min 2 Directors Min 2 Shareholders Max 15 Directors Max 200 Shareholders For One Person Company 1 Director 1 Nominee Director |
| Registration Time | 7-9 working days | 7-9 working days | 7-9 working days | 7-9 working days |
| Promoter Liability | Unlimited Liability | Unlimited Liability | Limited Liability | Limited Liability |
| Documentation | MSME, GST Registration | Partnership Deed | LLP Deed, Incorporation Certificate | MOA, AOA, Incorporation Certificate |
| Governance | - | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
| Transferability | Non Transferable | Transferable if registered under ROF | Transferable | Transferable |
| Compliance Requirements | Income tax filing if turnover is more than Rs.2.5 lakhs | ITR 5 | Form 11, Form 8, ITR 5 | ITR 6, MCA filing, Auditor'sappointment |
Documents Required for Farmer Producer Company Registration in India
For the registration of a Farmer Producer Company in India, the following documents are required:
Identity and Address Proof of Directors and Shareholders
- PAN Card: Mandatory for all directors and shareholders.
- Photographs: Passport size photographs of all active directors and shareholders.
- Identity Proof: Aadhar card, passport, or election ID card for all directors and shareholders.
- Address Proof: Recent bank statement, utility bill as evidence of residence, or any utility bills such as electricity bills, mobile post-paid bills, landline post-paid bills, gas bills for all directors and shareholders.
Registered Office Proof
- Utility Bills: Such as electricity bills, mobile post-paid bills, landline post-paid bills, gas bills, etc., to prove the location of the office.
- Rental Agreement and NOC: In the event of a property on rent or lease, a scanned copy of the rental agreement and a NOC from the owner are required.
- Property Papers: A copy of the property papers in the case of owned property.
Legal Documents
- Memorandum of Association (MoA) and Articles of Association (AoA): These documents are essentially the company’s charter and internal rules and regulations. The drafting of MoA and AoA is usually done with the assistance of a professional.
Digital and Identification Documents
- Digital Signature Certificate (DSC): For all proposed directors of the company. Obtaining a DSC is a complete online process.
- Director Identification Number (DIN): For each director. The DIN is a unique identifier.
Additional Documents and Information
- Form INC-1: For name approval of the producer company.
- Form INC-7: Application for incorporation of the producer company.
- Details to be filled in AGILE PRO: Including GST, Bank details, etc., after filing the SPICE form correctly.
- Spice+ e-form: An online application for company registration on the MCA portal, broken down into two key components for legalizing the proposed name and providing various services.
These documents collectively ensure the legal establishment of a Farmer Producer Company, facilitating its operation under the Companies Act, 2013, and enabling it to offer various benefits to its members, primarily engaged in agricultural, horticultural, or related activities.
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Farmer Producer Company FAQ’s
What is a Production Company?
As per the provisions of the Companies Act 2013, a producer company is a company registered under the Companies Act with the primary objective of engaging in agricultural production, post-harvesting processing activities, procurement, selling and distribution, import and export of goods.
How to do Farmer Producer Company Registration?
Step 1. Obtain Digital Signature and DIN for Directors and Shareholders
Step 2. Select a Company Name and Get Approval
Step 3. Fill Registration form or Incorporation Application
Step 4. Drafting MOA and AOA
Step 5. Fill Agile Pro Form
How can one verify the availability of a company name for a Producer Company?
Can Farmer Producer Companies operate nationwide?
What are the post-incorporation steps for Producer Companies?
Can Producer Companies distribute dividends?
What are the taxation considerations for Farmer Producer Companies?
Farmer Producer Companies are subject to standard corporate taxation but may qualify for agricultural activity-related tax benefits.
Farmer Producer Company Registration in State
Farmer Producer Company Registration In Maharashtra
Farmer Producer Company Registration In Karnataka
Farmer Producer Company Registration In Tamil Nadu
Farmer Producer Company Registration In Gujarat
Farmer Producer Company Registration In Uttar Pradesh
Farmer Producer Company Registration In Rajasthan
Farmer Producer Company Registration In Punjab
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Farmer Producer Company Registration In Jammu And Kashmir
Farmer Producer Company Registration In Andhra Pradesh
Farmer Producer Company Registration In Assam
Farmer Producer Company Registration In Jammu And Kashmir
Farmer Producer Company Registration In Delhi
Farmer Producer Company Registration In Telangana
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Farmer Producer Company Registration In Meghalaya
Farmer Producer Company Registration In Mizoram
Farmer Producer Company Registration In Nagaland
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Farmer Producer Company Registration In Tripura
Farmer Producer Company Registration In Lakshadweep
