Producer Company

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Farmer Producer Company

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Overview

Empower your farming community by registering a Farmer Producer Company (FPC) in Maharashtra. Get government recognition, collective bargaining power, funding access, and tax benefits. Founders First simplifies the entire producer company registration process from document preparation to MCA filings. What is a Producer Company? A Producer Company is a special type of company registered under the Companies Act, 2013, specifically formed by a group of farmers, producers, or agriculturists to enhance income and productivity. It combines the benefits of a private limited company with the advantages of a cooperative society.

Benefits For Everyone!

Legal Recognition

Legal Recognition

A registered FPC enjoys corporate legal status, which allows it to enter into legal contracts, obtain institutional credit, and own assets. This legal entity status enhances trust among buyers, banks, and government bodies.

Collective Bargaining Power

Collective Bargaining Power

Farmers pool their resources and products, increasing their negotiation strength for better prices on inputs (like seeds, fertilizer) and outputs (market sales).

Access to Government Funding & Schemes

Access to Government Funding & Schemes

Recognized FPCs are eligible for schemes from SFAC, NABARD, and other central/state agencies offering credit guarantees, subsidies, and equity grants.

Tax Benefits

Tax Benefits

Income from core agricultural activities may be exempt from tax under prevailing income tax laws.

Limited Liability

Limited Liability

Members’ liability is limited to the unpaid amount of their share capital; their personal property is protected from business losses or legal claims.

Perpetual Succession

Perpetual Succession

The company remains in existence despite any change in membership or leadership.

Professional & Transparent Management

Professional & Transparent Management

With a governing board and appointed directors, FPCs benefit from planned governance and operational efficiency.

Documents Required

Below are the documents required for registration

1
PAN & Aadhaar cards of all members
2
Passport-sized photographs
3
Proof of Registered Office (utility bill + NOC if rented)
4
Self-declaration of agricultural engagement
5
Affidavit & declaration by subscribers
6
Proposed company name(s)

Eligibility Criteria

Below are the Eligibility Criteria for Service

1
Minimum Number of Members - At least 10 individual producers (farmers) or 2 producer institutions must come together to form a Producer Company.
2
Member Qualification - All members must be actual producers engaged in agriculture, horticulture, floriculture, dairy, poultry, fisheries, or other rural industries.
3
Registered Office Address - The company must have a valid physical office in Maharashtra, proven by utility bills and a No Objection Certificate (NOC) if rented.
4
Minimum Capital - Although there is no statutory minimum capital, a practical minimum of ₹1 lakh or more is advisable to meet initial expenses and future growth.
5
Director Identification Number (DIN) - A unique number allotted by the Ministry of Corporate Affairs to each director. At least five directors must have a valid DIN to be appointed.
6
Digital Signature Certificates (DSC) - These are encrypted electronic signatures required to file e-forms on the MCA portal. Directors signing incorporation forms must possess valid DSCs.

Complete
Process

From start to end our team provide you complete guidance and support tailored for your needs.

Step 1

Obtain DSC and DIN

What Happens

You need Digital Signature Certificates (DSC) for directors and a Director Identification Number (DIN) for MCA filings.

How Founders First Helps

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    We help all directors obtain their DINs and DSCs through a quick and guided process, ensuring no delays or rejections.


Step 2

Name Reservation via SPICe+ Part A

What Happens

Reserve a unique company name with “Producer Company” as a suffix on the MCA portal.

How Founders First Helps

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    We conduct in-depth trademark and company name searches and file SPICe+ Part A to ensure your preferred name gets approved quickly.


Step 3

Draft MOA and AOA

What Happens

Memorandum of Association (MOA) outlines your business objectives; Articles of Association (AOA) sets rules for governance.

How Founders First Helps

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    Our legal experts prepare customized MOA & AOA reflecting your operational goals and compliance needs.


Step 4

File SPICe+ Part B

What Happens

SPICe+ Part B is a multi-purpose form that includes company incorporation, PAN, TAN, ESIC/EPFO registration, etc.

How Founders First Helps

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    We manage form filling, document uploads, and validation checks to ensure a seamless filing experience.


Step 5

Certificate of Incorporation (COI) Issued

What Happens

Upon MCA approval, you receive your official incorporation certificate.

How Founders First Helps

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    We track your application and coordinate with MCA to minimize delays.


Step 6

Post-Incorporation Compliance & Setup

What Happens

This includes setting up a current account, applying for GST (if applicable), and guidance on subsidy/grant applications.

How Founders First Helps

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    We assist with bank account opening, GST registration, and guidance on relevant government schemes like SFAC equity grants and NABARD loans.

Why Founders Choose Us!

Ongoing Support Icon

End-to-End Assistance from DIN/DSC to Post-Incorporation Compliance

End-to-End Assistance from DIN/DSC to Post-Incorporation Compliance

Founders First handles every step—from obtaining Director Identification Numbers (DIN) and Digital Signatures (DSC) to ensuring your company meets all post-incorporation legal requirements.

Expert Guidance Icon

Legal Drafting of MOA and AOA Tailored to Agricultural Cooperatives

Legal Drafting of MOA and AOA Tailored to Agricultural Cooperatives

We create Memorandum and Articles of Association specifically designed for farmer-based organizations, ensuring legal alignment with cooperative principles and objectives.

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MCA Form Filing, Real-Time Tracking, and Error-Free Submissions

MCA Form Filing, Real-Time Tracking, and Error-Free Submissions

Our team ensures timely and accurate filing of all required forms with the Ministry of Corporate Affairs (MCA), backed by real-time status updates and expert checks.

Startup Expertise Icon

Expert Advisory on Subsidy and Funding Eligibility

Expert Advisory on Subsidy and Funding Eligibility

We guide you on how to access schemes from SFAC, NABARD, and other agencies, including credit guarantees, equity grants, and government subsidies.

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Post-Registration Support: GST, Bank Account, SFAC/NABARD Application

Post-Registration Support: GST, Bank Account, SFAC/NABARD Application

After incorporation, we help with essential steps like GST registration, opening a company bank account, and filing for subsidy or grant programs.

Tailored Solutions Icon

Transparent Pricing and Compliance Reminders

Transparent Pricing and Compliance Reminders

No hidden charges. We offer clear, upfront pricing and send timely reminders so you never miss a compliance deadline.

Must Know !

Icon LogoCommon Mistakes to Avoid During Producer Company Registration

  • 1. Not Verifying Member Eligibility - Ensure all members are actively involved in agricultural activities—failure to prove this can lead to rejection.
  • 2. Using Duplicate/Similar Company Names - Always conduct a name availability check to avoid delays.
  • 3. Incorrect MOA/AOA Drafting - Poorly drafted objectives or inconsistent clauses can cause MCA rejections.
  • 4. Mismatch in Documents - Ensure address proofs, PAN, and Aadhaar details are consistent across all documents.
  • 5. Inadequate Capital Planning - Even though there's no fixed minimum, too little capital may limit future funding eligibility.
  • 6. Lack of Post-Registration Planning - Failing to open a business bank account or register for GST can restrict company operations.
  • 7. Ignoring DIN/DSC Validity - Apply early and ensure all DSCs and DINs are valid at the time of submission.
  • 8. Skipping Professional Help - The registration process involves technical and legal nuances—professional support reduces errors.

Structural Comparison

Key differences between Producer Company and Private Limited Company.

FeatureProducerCompanyPrivateLimitedCompany
PurposePromote the interests of farmers/agriculturistsGeneral business or commercial objectives
Who Can FormOnly producers (farmers, primary producers, etc.)Any two individuals/entities
Minimum Members10 individuals or 2 institutions2 directors and 2 shareholders
Key FocusAgriculture, production, harvesting, procurement, marketingAny lawful business activity
Profit DistributionPatronage-based (proportional to contribution)Based on shareholding
Regulatory BodyCompanies Act, 2013 (under special provisions)Companies Act, 2013

Let's Get You
Incorporated Today !

Registering your company shouldn't be overwhelming. At Founders First, we simplify, support, and strengthen your journey from idea to legal entity.
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Frequently Asked Questions

Get answers to the most common questions about our services.

A Farmer Producer Company (FPC) is a company registered by farmers to collectively undertake production, harvesting, processing, and marketing activities for better profitability.