Governance & Secretarial
Statutory ROC filings, AGM and board facilitation, ADT-1 auditor appointments, and member share registers.
100% MCA Compliance
Public Charitable Trust · Building Stronger FPCs, TogetherBuilding stronger FPCs, together.
Practical learning, statutory governance, double-entry accounting, corporate tax advisory (Section 115BAA & audit defense), and grant readiness for Farmer Producer Companies across India.
150+
FPCs Supported
100%
ROC & Statutory Filing Support
12
States Outreach
Institutional GovernanceCorporate Tax Strategy (22% Regime)ROC / MCA ComplianceSFAC & AIF Grant AdvisoryDouble-Entry Agri-AccountingBoard & CEO Leadership
02Session
Live Working Session · FPC Compliance Series
Government Grant Utilisation & Documentation for FPCs
A step-by-step masterclass on grant receipt, AS-12 accounting, utilisation certificates (UC), documentation & audit readiness.
Friday, 23 October 20263:00 PM to 5:00 PM₹199 (Live)·₹299 (Kit)Powered by
Official WhatsApp CommunityPan-India FPC Network
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Join India's dedicated WhatsApp practitioner community for Farmer Producer Companies. Get real-time ROC deadline reminders, bilingual guidance, verified board resolutions, and direct peer support.
ROC & Income Tax Deadline Alerts
Share Register & AGM Formats
Kannada & English Bilingual Briefs
Direct Peer Q&A with Practicing CAs
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Core Pillars
A complete institutional backbone for FPOs
Vihara Foundation operates as a registered public charitable trust dedicated to building lasting capability in farmer collectives — moving FPCs from operational uncertainty to statutory compliance and sustainable profitability.
Corporate Tax & Agri-Exemptions
Advisory on Section 115BAA (22% corporate tax rate), Section 37 patronage bonus deductions, agricultural income exemptions, and 80PA audit defense.
Tax Strategy & DefenseGrants & Capital Linkages
Guidance on SFAC Matching Equity Grants (up to ₹15L), AIF 3% interest subvention DPRs, and NABARD credit documentation.
Equity & Scheme DPRsInteractive Governance & Tax Intelligence
Vihara AI Statutory Copilot & Risk Analyzer
Real-time compliance diagnostics, Section 115BAA tax simulation, statutory radar, and Chapter XXIA citations.
1. Company ParametersSelect your FPC’s current status
2. Live Health Index & Exposure
55/ 100
Moderate Scrutiny RiskEstimated Risk Exposure
₹2,20,000
MCA fines & avoidable tax leakageImmediate Risk Vulnerabilities:
- Excess Corporate Tax Liability: Not filing Form 10-IC subjects your FPC to the legacy 30% base tax rate instead of 22% under Section 115BAA, resulting in avoidable tax leakage of ₹80,000+ per ₹10L profit.
- AS-12 Grant Accounting Scrutiny: Subsidies from SFAC or PMFME credited directly to P&L artificially inflate taxable profit and lead to unlawful dividend distribution.
- Deactivated Director DINs: Pending DIR-3 KYC incurs a mandatory ₹5,000 MCA fine per director and freezes your company’s signing ability on the MCA portal.
Statutory Action Roadmap:
- 1File Form 10-IC before the Section 139(1) ITR due date to lock in the 22% rate.
- 2Pass board resolution crediting capital asset grants to Capital Subsidy Reserve under AS-12.
- 3Complete DIR-3 Web KYC for all DIN-holding directors immediately.
Recommended Operating System ModuleYieldWise FPO OS
YieldWise AS-12 Capital Subsidy Accounting
Ring-fence government scheme grants, depreciation schedules, and escrow utilization records for statutory audit defense.
Practice Areas
Eight specialized areas for Producer Companies
Producer Company Compliance
Stay compliant with ROC, MCA, and Companies Act mandates. We handle statutory filings to keep your FPC in 'Active' status.
GST & Tax Support
Assistance with GST registrations, monthly returns, and corporate tax compliance tailored to agricultural operations.
Accounting Systems
Setting up standard double-entry accounting and Tally ledger structures for clear member procurement and audit trail.
Audit Readiness
Organizing balance sheet schedules, bank reconciliations, and statutory registers for statutory and tax auditors.
Grants & Project Support
Documentation and resolution assistance for SFAC, NABARD, and Agriculture Infrastructure Fund (AIF) schemes.
Board & CEO Training
Practical working clinics for Directors and CEOs to understand legal duties, AGM protocols, and financial statements.
Statutory Registers & Share Master
Rebuilding Form MGT-1 member registers, issuing numbered share certificates, and managing legal share transmissions under Section 378ZB.
AS 12 Grant Accounting
Reconciling matching equity grants into non-distributable Capital Reserve, preparing 14-head UCs for auditor sign-off.
Practical Interventions
Real operational challenges we help FPCs resolve
Our work connects statutory mandates with the everyday operational hurdles faced by directors, CEOs, accountants, and farmer shareholders.
01
Incomplete Member & Share Records
Resolving missing member folios, non-issued share certificates, distinctive numbering gaps, and deceased member transfer procedures.
02
Pending Statutory ROC Filings
Clearing backlogs of AOC-4, MGT-7/7A, DIR-3 KYC, and ADT-1 auditor appointments to prevent MCA penalties and director disqualification.
03
Double-Entry Accounting Difficulties
Setting up standard Tally ledger structures, member-wise procurement books, inventory reconciliations, and clean balance sheet closing.
04
Grant Documentation & AS 12
Reconciling escrow accounts, multi-head utilisation evidence, 14-line UC schedules, and defending against audit objections.
05
Unclear Board & CEO Responsibilities
Drafting 14-day AGM notices, board meeting agendas, statutory minutes books, and fiduciary resolution protocols.
06
Corporate Tax & Notice Defense
Advising on Section 115BAA 22% regime, Section 37 patronage bonus deductions, and defending prior-year 80PA scrutiny notices.
Tailored Operational Guidance
Explore guidance by your responsibility
Statutory obligations vary significantly between directors, executives, and accountants. Select your role to access role-specific compliance checklists and practical toolkits.
Fiduciary & Governance• Key Responsibility
Ensuring legal compliance, protecting farmer members' equity, conducting valid AGMs, and preventing Section 164 director disqualification.
Critical Pitfall to Avoid: Signing blank resolutions, approving share allotments without board quorum, or ignoring DIR-3 KYC annual deadlines.
Essential Practical Toolkits
Free Downloads60-Second Field Clarity
One-minute operational answers
Concise legal and accounting guidance for the most frequent questions received by our secretarial desk. Bilingual English and Kannada operational summaries.
Question 01
Can a non-farmer inherit FPC shares when a member passes away?
Under Chapter XXIA of the Companies Act 2013, only active primary agricultural producers can hold voting shares. If the nominee is a non-farmer, the board must buy back or cancel the shares at book/face value and disburse the monetary equivalent to the legal heir.
Companies Act 2013, Section 378ZBGuide
Question 02
How should an SFAC or NABARD Matching Equity Grant be accounted for under AS 12?
Matching Equity Grants cannot be recognized as profit & loss trading income. Under Accounting Standard 12, they must be credited to Capital Reserve / Capital Subsidy in the balance sheet and reflected as non-distributable equity for statutory credit rating.
Accounting Standard (AS) 12 & SFAC Scheme GuidelinesGuide
Question 03
What must an FPC do if share certificates lack distinctive and folio numbers?
Share certificates without distinctive numbers and folio references are legally defective under MCA rules. The board must pass a rectification resolution, update the Register of Members (Form MGT-1), issue re-numbered certificates, and ratify them in the subsequent AGM.
Section 378S read with Section 88, Companies Act 2013Guide
Proven Field Impact
Real outcomes from our advisory desk
Anonymized examples of how we help FPC boards protect director standing, reconstruct registers, and pass statutory audits.
Trust Reg: VJN-4-00371-2024-25
Raichur, KarnatakaAudit Defense
SFAC Matching Equity & AS 12 Reconstruction
Recovered ₹12L matching equity sanction by reconstructing 2 years of improper grant revenue bookings into non-distributable Capital Reserve under AS 12.
Tumakuru, KarnatakaStatutory Secretarial
Member Share Register & Distinctive Numbering
Resolved 3-year backlog of 850+ unallotted farmer share applications, generated distinctive numbers, and updated Form MGT-1 for ROC compliance.
Belagavi, KarnatakaTax Strategy
Corporate Tax (Section 115BAA & Patronage Bonus)
Transitioned multi-crore maize FPC to 22% corporate tax rate and structured member patronage distributions under Section 37, mitigating scrutiny penalty.
Who We Support
Dedicated to rural institutions, farmer collectives, and agritech pioneers.
Under our registered trust deed objects, we provide hands-on legal, tax, and governance capacity building across India's agricultural cooperative landscape.
- FPC Board of Directors
- Chief Executive Officers (CEOs)
- Accountants & Bookkeepers
- Farmer Members & Shareholders
- Cluster-Based Business Orgs (CBBOs)
- Promoting Institutions & RIs
- Chartered Accountants & CS Professionals
- Cooperatives & Agritech Enterprises
Free 2026-27 Board Ready Resource
Get the Free FPC Statutory Compliance & Deadlines Checklist
A comprehensive single-page guide prepared by CAs & CSs for FPC Boards and CEOs. Includes strict MCA deadlines (AOC-4, MGT-7A), Section 115BAA corporate tax election steps, and AS-12 grant accounting rules.
- All mandatory ROC annual forms & penalty provisions
- Patronage bonus deductions & Section 115BAA Form 10-IC protocol
- AS-12 Capital Reserve rules to prevent illegal dividend distribution
Ready to strengthen your FPC's compliance?
Connect with our team of Chartered Accountants and Company Secretaries. We'll review your FPC's ROC status, corporate tax standing, or assist your board with upcoming statutory deadlines.