Farmer Producer Company Registration

1.  Minimum 5 Directors and 10 Shareholders (directors and shareholders can be same).
2.  The Director and Shareholder must be the Farmer
3.  At least 2 Unique Names required for reservation – name should not be same or similar to an already registered company, LLP or a Trademark.
4.  Authorized Capital and paid up capital.

Documents Verification –

Our dedicated expert will verify all the documents of Director/Shareholder and other required documents.

Name Reservation –

The proposed name is applied and obtained from the Ministry of Corporate Affairs. 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names. Starteasy will help you while deciding the Name of Company.

Application for Digital Signature Certificate (DSC)–

DSC will be obtained for proposed Director and Shareholder.

Drafting of MOA & AOA and Other Documents –

Documents like NOC, Consent Letter, Specimen Signature etc. will be prepared and sent to promoters for signature. Once Signed documents are received STARTEASY experts will prepare MOA, AOA and other required forms.

Filling of Forms with ROC for Incorporation –

All these forms Spice+, MOA, AOA etc. needs to file with Concerned ROC and this mentioned process finally culminates into the registration of the Section 8 Company with issuance of Certificate of Incorporation. Certificate of Incorporation is conclusive evidence of Registration of Section 8 Company.

Recognizing the problems of small and marginal farmers in India government is promoting farmers Producer Organization. Farmers can organize themselves into a collective to improve their bargaining strength in the market by Incorporating Farmer producer Company. Producer Company allows Farmer Co-Operatives to function as a corporate entity registered with MCA.

Starteasy will help you out to register Farmer Producer Company to take the advantages of various central and state government schemes and obtain subsidies for projects.

Other Advantages of FPC – 

• No any limit to the number of Members thereof.
• The voting rights shall be based on a single vote for every Member, irrespective of his shareholding or patronage of the Producer Company.
• Every Producer Company shall have at least five and not more than fifteen directors.
• A Producer Company shall hold its first annual general meeting within a period of ninety days from the date of its incorporation.

Statutory Auditor Appointment –  

• • Auditor will be appointed within 15 days of Annual General Meeting.

Commencement of Business – ( Within 180 Days)

• • Within 180 days from the date of Incorporation, Company needs to deposits its share capital amount in the Bank Account and needs to file INC-20A with MCA.

Income Tax Filling – ( Up To 30^th Sept)

• • Every Company needs to file Income Tax Return (ITR-6) upto 30th September and Income Tax Audit will be applicable to those Companies whose Turnover is more than 1 crores.

Roc Annual Filling – ( Up To 30^th Oct)

• • Every Company needs to file Annual Return in Forms of AOC-4 and Management Related Return in Form of MGT-7 upto 30^th October.

Director KYC – ( Up To 30^th Sept)

All Directors of company have to complete their DIN KYC every year before 30^th September.

Conduct AGM (Within 90 Days)

Producer Company has to conduct AGM within 90 days from the date of incorporation to adopt AOA of Producer Company and appoint Board of Directors.

DSC (Digital Signature Certificate) –

an electronic document issued by a Certificate Authority. DSC is used for making signature on soft copies i.e. Certificates serve as proof of identity of an individual for a certain purpose.

Authorized Capital–

Authorized capital is maximum amount of share capital, that Company is authorized to Issue to the Shareholders. It can be increase at any time by shareholders approval.

Paid Up Capital –

Paid up capital is amount of money company has received from its shareholder against purchase of Company’s shares by the Shareholder. Paid up capital is always less than Authorized Capital of the Company.

MOA (Memorandum of Association)-

MOA contains the Main and Ancillary Object Clause of the Company. It is Constitution of the Company and it has to be filed with ROC (Registrar of Companies) at the time of registering the Company. It Contains 6 Clauses i.e. –

1. 1. Name Clause – What is Name of the Company
   2. Situation/Registered State Clause – Where the Registered office of the Company is Located
   3. Object Clause – What is the objects of the Company
   4. Liability Clause – It shows up the Liabilities of the members of the Company
   5. Capital Clause – Its Shows authorized capital of the Company
   6. Subscriber of the Company – It shows the names of Subscriber to the memorandum.

AOA (Article of Association)-

AOA is rules, regulations and the bye-laws for the internal management of the company, the conduct of its business. The Articles of a company have often been compared to a rule book of the company’s working that regulates the management and powers of the company and its officers.

Timeline to Register a Company-

With STARTEASY you will get Registration of your Company within 8-10 Days.

Proceeding time would vary depending upon time taken by client to submit documents and time taken by government authorities.