Farmer Producer Company Registration in Kerala
A producer company, often referred to as a farmer producer company registration in Kerala (FPC), is a legal entity formed by a group of producers (primarily farmers) to collectively market their products. It operates as a hybrid of a cooperative and a company, offering the benefits of both structures.Producer Company Registration in Kerala is for those companies that are carrying on any of the following activities:
(1) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of members or import of goods or services for their benefit in Farmer Producer Company Registration in Kerala.
(2) The processing, including preserving, drying, distilling, brewing, venting, canning, and packaging of the produce of its members.
(3) The manufacture, sale, or supply of machinery, equipment, or consumables mainly to its members.
Features of Farmer Producer Company Registration in Kerala:
- The producer company registration in Kerala is treated as a private limited company.
- These companies have limited liabilities and are limited only by share capital.
- The maximum number of members can exceed 50.
- It shall never become a public (or deemed public) limited company.
Minimum Requirements for Producer Company Registration in Kerala:
(1) 5 directors are mandatory to Registration a producer company in Kerala.
(2) The minimum paid-up capital required is Rs. 5 lacs.
(3) A minimum of 10 members are required for producer company incorporation.
Documents required for producer company registration in Kerala:
The farmer producer company registration documents are:
(1) Aadhar card of the proposed director.
(2) PAN card of the proposed director.
(3) ID’s proof of all directors.
(4) Address proof of all directors.
(5) The passport-size photos of all directors.
What are the advantages?
(1) Limited liability protection for members.
(2) Separate legal entity status.
(3) access to financial resources and credit facilities.
(4) Improved market access and bargaining power.
(5) Better governance and management structure.
(6) Tax benefits.
External Government Website Link: MCA