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If someone wants to start a FPO (Farmers Producer Organization), it can be started in many ways like as a cooperative society, company, ngo as society registration act 1860, ngo as trust, ngo as section 8 company etc.
If a FPO (Farmers Producer Organization) is registered under Companies Act, 2013; it is known as Farmer’s Producer Company (often referred to as FPC).
The concept of FPC was started up with a positive intent of giving corporate shape to agri business, giving a bridge to agri entrepreneurs to connect them with main line of business. FPC is hybrid of a FPC & public limited company.
It is an incorporated association means it comes in to existence with some pre-determined process. Like we are natural person, it is an artificial person. It has its own PAN (Permanent Account Number) like we have. Most of the work it can do what we can do as a natural person except natural process. It can contract; It can sue & be sued. Like we are bound with laws of society, it is bound with the laws of Companies Act, 2013. It has its own constitutional documents called Memorandum of Association (MOA) & Articles of Association (AOA).
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Minimum 10 people (natural & artificial both) can register a FPO.
For natural persons following documents are required:
RESOLUTION FROM BOARD OF ARTIFICIAL PERSON
If owned premise: ANY ONE OF ELECTRICITY BILL / MOBILE BILL / TELEPHONE BILL MUST NOT BE OLDER THAN 2 MONTHS* ALONG WITH NOC
If rented premise: ANY ONE OF ELECTRICITY BILL / MOBILE BILL / TELEPHONE BILL MUST NOT BE OLDER THAN 2 MONTHS* ALONG WITH NOC & RENT AGREEMENT
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