How many directors are required at incorporation?

A minimum of 5 directors are required to incorporate a Producer Company, with a maximum of 15 directors. All founding directors must be active primary producers with land or cultivation proof.

What are the income tax provisions and rates for an FPC?

Direct agricultural income from produce grown by members is exempt under Section 10(1). For marketing, processing, and input sales, FPCs qualify for the concessional 22% corporate tax rate (Sec 115BAA) with zero MAT, and patronage bonuses distributed to member farmers reduce taxable profits.

How does the SFAC Equity Grant Scheme work?

The Small Farmers Agribusiness Consortium (SFAC) under the Ministry of Agriculture provides a 1:1 matching equity grant up to ₹15 Lakhs (or ₹1,000 per shareholder farmer) to double your FPO capital base.

How long does the incorporation take?

Typically 10 to 15 business days once all director KYC documents and farmer proofs are submitted.

Government-Approved CA & Legal Advisory

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Farmer Producer Company.

From DSC, DIN, and SPICe+ filing to Certificate of Incorporation, SFAC grants, and corporate tax optimization. Our certified Chartered Accountants handle every step digitally.

MCA RegisteredOfficial 21-digit CIN

Min 5 DirectorsPrimary producers

SFAC GrantsUp to ₹15L matching

Dedicated CA1-on-1 guidance

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Fill out the quick form below. Our CA partner will review your requirements and provide end-to-step guidance.

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New FPC Formation

How Your FPC is Incorporated

From founding farmer verification to Ministry of Corporate Affairs approval — fully managed by our certified CA team.

Step 01

Day 1–3

DSC & DIN Preparation

Obtaining Digital Signature Certificates (Class 3) and Director Identification Numbers for minimum 5 founding farmer directors.

Aadhaar & PAN verification

No physical visits required

100% digital token generation

Step 02

Day 3–5

Name Reservation (RUN-SPICe+ Part A)

Securing Ministry of Corporate Affairs (MCA) approval for your unique company name ending in "Producer Company Limited".

Trademark clearance check

State agricultural relevance

Up to 2 name options submitted

Step 03

Day 5–8

Drafting MOA & AOA Charter

Drafting constitutional documents embedding mandatory Producer Company mutual assistance principles under Chapter XXIA of Companies Act, 2013.

Farmer primary producer clauses

Patronage bonus distribution

One-member, one-vote guarantee

Step 04

Day 8–12

SPICe+ Filing & CIN Issuance

Simultaneous application for Certificate of Incorporation (CIN), Corporate PAN, TAN, and professional tax registrations.

Official 21-digit CIN granted

Central MCA Government Seal

Immediate legal entity status

Step 05

Day 12–15

Bank Account & Govt Schemes Setup

Opening corporate bank accounts, statutory registers setup, Sec 10(1) agricultural tax compliance, and SFAC equity grant preparation.

SFAC matching equity grant

Agricultural tax compliance

YieldWise FPO platform onboarding

Clear & Transparent Requirements

Documents Required & Package Details

Everything you need to gather. No physical visits to government offices — submit copies completely digitally.

For Founding Directors (Minimum 5 Farmers)

Each director must provide verifiable primary producer proof.

PAN CardMandatory for all 5 founding directors for MCA verification

Aadhaar CardMobile-linked Aadhaar for instant OTP based e-signatures

Farmer Land Proof (RTC / Patta / Pahani / 7/12)Official proof demonstrating primary agricultural producer status

Bank Statement / Utility BillRecent proof of personal residential address (less than 60 days old)

Passport Size PhotographsDigital color photographs of each founding director

For Registered Office Address

Can be at a director’s residence, village warehouse, or rented shop.

Registered Office Address ProofRecent electricity bill, telephone bill, or gas bill of the office location

NOC from Property OwnerNo Objection Certificate allowing company incorporation at the premises

Rent / Lease AgreementIf the registered office premises is rented or leased

Complete All-In Package

FPC Incorporation Package

₹10,000 – ₹20,000all-inclusive estimate

Covers MCA statutory fees, stamp duties, 5 DSCs, and dedicated CA drafting.

What Is Included:

MCA Government filing & stamp duty fees

Class-3 Digital Signature Certificates (DSC) for 5 Directors

Director Identification Numbers (DIN) for 5 Directors

Name Approval through RUN (SPICe+ Part A)

Custom MOA & AOA drafting with Producer Company clauses

SPICe+ Part B incorporation filing with RoC

Permanent Account Number (PAN) & Tax Deduction Account (TAN)

Official Certificate of Incorporation (CIN) issued by MCA

Guidance on Section 10(1) agricultural exemption & concessional tax

Government fees + CA fees included. Official GST tax invoice issued.

Eligible for up to ₹15 Lakhs SFAC Equity Grant match post-incorporation.

Frequently Asked Questions

Everything You Need to Know

Clear answers on legal entity rules, government schemes, and farmer benefits.

Any group of 10 or more individual primary producers (farmers, horticulturists, dairy farmers, beekeepers) or two or more producer institutions can come together to form an FPC under Chapter XXIA of the Companies Act, 2013.

Have questions before starting?

Call our direct farmer assistance helpline to discuss state regulations, subsidies, or formation requirements.

Call +91 73382 54536 Visit Contact Page

Start Your Own Farmer Producer Company.