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A Farmer Producer Company (FPC) is an official company created by farmers to produce, buy, sell, and market agricultural products jointly. It empowers farmers by increasing their access to markets, capital, and technology. Since FPCs operate similarly to private limited companies, with the primary objective being the benefit of members rather than profit, it is important to understand what a farmer-producer company is and its compliances. Important compliances include things like registering for GST, filing income tax reports, attending board meetings, keeping accurate financial records, and filing annually with the Registrar of Companies.
