FPO registration in 7 days
Register your business with India's leading consultancy firm. Register your business starting at INR 999 only.CharteredMunshi price for FPO registration is INR 17999* including GST.
What's for you
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DSC and DIN
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AOA and MOA
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Government fees included
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Incorporation certificate
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PAN and TAN
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PF and ESI registration
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Dedicated manager for solving business queries
Documents required from members
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Minimum 10 members
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Company Name
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Aadhar & PAN card.
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Office Address Proof
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Photo ID proof
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Latest bank statement
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Passport size photo
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Email and phone number
Documents required for registered office address
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Electricity bill/Gas bill/mobile bill
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NOC from the landlord if premises is rented.
Online FPO registration in India
FPO registration in India
Who Can Form A Farmers Producer Company?
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Minimum Ten or more members each of them being a producer OR
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Two or more producer institutions OR
(Producer institution means a producer company or any other institution having producer company, producers or producer institutions as its members having objects stated in 581B of companies act 1956 as its objectives.) -
A combination of ten or more individuals (producer) and producer institutions.
What Is Farmers Producer Company?
A producer company is the one that has its objects mentioned in section 581B of companies act 1956. A producer company must have any one or more of the following mentioned objects to qualify as a producer company
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1. Production, harvesting, procurement, grading , tooling, handling marketing, selling ,export of primary produce of members(Farmers) or import of goods and services for their benefit. These activities can be carried out by a producer company itself or through other institutions.
Primary produce means
a)Produce of farmers ,arising from agriculture(Including animal husbandry, horticulture, floriculture, pisciculture(Related to fish produce), viticulture, forestry, bee raising and farming plantation products)
b)Produce of persons engaged in handloom, handicrafts, and other cottage industries.
c)Any product resulting from above activity or any by-product received from conducting above activities.
d)any product which will increase the production of above mentioned activities -
Processing, preserving, drying, distilling, brewing, vinting, canning and packaging of produce of its members.
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Manufacturing, sale and supply of machinery related to agriculture and allied activities to its members.
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Promoting education and mutual growth principles among its members.
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Providing technical, consultancy services, research and development activities for promotion of welfare of its members.
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Generation, distribution and transmission of power, reviving of water bodies relatable to primary produce.
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Insurance services to producers and their produce.
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Any other activity either incidental or ancillary which is necessary for providing above mentioned services.
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Financing farmers for procurement, processing, marketing, for any activities mentioned above
Credit facilities and other financial services to its members.
What are the benefits of FPO (Farmers Producer Company) ?
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More purchasing and selling power to farmers
After incorporating a producer company the produce of all producers or farmers are combined, now the producer company on behalf of all the farmers who are associated with it, can talk to a interested buyers and negotiate as now the quantities offered by the producer company is way more then offered by an individual farmer.
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Easy loans
Producer companies can offer loans to farmers for purchasing seeds, equipment, tractors, irrigation pipes, manure, soil mixtures, etc. These loans are usually provided at a very affordable rates and easy repayment options so that the farmers do not have to take loans from banks or other NBFC's.
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Tax benefits
Government has declared 100% tax deduction for producer companies having turnover of up to 100 crores.
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Market Analytics
Producer companies are managed by qualified directors who take day to day decisions on behalf of producer companies. Unlike farmers, directors of producer companies have better understanding as to where and at what rates should the produce be sold. Directors can take important decision about changing markets and demands from buyers which is normally not understood by a farmer.
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Export Markets
Exporting agriculture produce to different countries involve a lot of documentation and tedious works which cannot be managed by an individual farmers due to lack of education, monetary factors, quantifiable produce etc. As producer companies are managed by qualified directors they have a clear understanding about various export import laws persisting in the country. Earlier there was no option to farmers rather than selling their produce to middlemen which in turn used to export their produce keeping substantial margins with them and remitting only decimal margins to farmers. Now with the growth of producer companies farmers can directly export their produce and earn better margins.
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Incentive Schemes
Government has provided various incentives scheme in consultation with NABARD, APEDA and various other agencies for betterment of producer companies. Government through these schemes is providing subsidies up to 100% on purchase of raw materials and machineries.
Our experts at CharteredMunshi will guide you through the entire registration process of a producer company. Let's discuss these steps in detail. Starting from the very basics
A private limited company is the most popular way of registering a business in INDIA. On average the Ministry of corporate affairs (MCA) registers 15,000 companies in a month. A private limited company is governed by companies ACT (2013) and is regulated by the Ministry of Corporate Affairs (MCA) who through the powers vested with the Registrar of companies (ROC) looks over their running.
Why Do We Register A Farmers Producer Company In INDIA?
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Farmers are backbone of every country as farmers are the people who feed our hungry ever growing population, yet farmers are the ones who are deprived of basic human necessities. Our government has brought about many changes in farm laws from time to time for upliftment of farmers, although a fact cannot be denied that situation of farmers has not changed since independence but in a free democratic world where the developed nations are planning to find water and air on MARS by spending trillions of dollars on space technology, our INDIAN farmers are still committing suicide when they are unable to repay back a loan of mere thousand rupees. One such move by the government was to bring the incorporation of producer companies under companies act 1956.
What are the documents required for private limited company registration?
INDIAN Nationals
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Aadhar card is a necessary document needed for creating a digital signature of proposed directors.
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PAN card of directors is mandatorily required for incorporation of the company, details in PAN card should be correct, there should be no mismatch in name of Aadhaar card and PAN card. if there is such an error it would be advisable to first apply for rectification in PAN details or Aadhaar card.
Identity proof
The address proof that has to be submitted should contain the exact name as mentioned in the PAN card. Following documents are accepted as address proof. Any one of the documents required:
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Election card or voter id card.
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Ration card.
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Passport.
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Driving license.
Residential proof
Along with identity proof, a residential proof of the current address of the directors needs to be submitted. Following documents are acceptable as residential proof. Same should not be older than 2 months. Any one of the documents required.
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Bank statement containing recent transactions along with a clear display of the applicant's name and address.
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Electricity bill.
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Telephone bill.
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Mobile bill.
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Passport size photo
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Email id
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Mobile number
Registered office address proof
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Electricity /Water/ Mobile bill
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Rent agreement(If rented) or Scanned copy of initial pages of property papers if the premises is owned.
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NOC from landlord if the premises is rented.
What Is The Procedure To Register A Farmers Producer Company?
Steps involved in registering a producer company is similar to incorporating a private limited company. Here are the steps involved for registering a producer company
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Obtain a DSC of proposed directors.
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Obtain DIN of proposed directors.
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Application for name approval must be filled with MCA for reserving the name of producer company. The name of producer company must end with "Producer Company Limited"
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After getting name approval for company we need to prepare documents like MOA and AOA in prescribed format by MCA and file the same with MCA.
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A letter in prescribed format by agriculture officer of the area in which registered office of producer company is situated stating the number of members, their names, address etc. has to be attached along with MOA and AOA.
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If the MCA is satisfied with the documents it will grant a certificate of incorporation to the company within 30 days.
Why CharteredMunshi ?
We value all our customers and attempt to offer our services as though they were our 'first client'. We ensure that the process is fast and smooth. Unlike others, we do not outsource our work and offer in house services coming through our specialists who are experts in their respective fields. We will assign you a dedicated manager who will support you from the start to end of the process and address any queries that you might have.
With every service we provide
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Free consultation and meetings for the understanding scope of work.
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Updates on various regulations and compliances.
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Assisting in opening a current account.
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A dedicated manager for clearing your doubts.