Excelsior Correspondent
JAMMU, June 12: Officiating Registrar of Companies (RoC) J&K and Ladakh UTs and Official Liquidator attached to High Court of J&K, Syed Haamid Bukhari, in a meeting held at the office of RoC J&K and Ladakh, pitched for promotion of Farmer Producer Organizations (FPOs).
Bukhari highlighted the importance of FPOs in formalization of agrarian economy and emphasized on the potential scope of such body corporates in generating benefits for its members.
He said, “Based on the recommendations of Alagh Committee in 2002, a separate category of companies primarily for benefitting producers was created. Recently, this category of companies is also given recognition in Companies Act 2013.These companies adopt all the good principles of cooperatives and the efficient business practices of companies.”
Bukhari said that the RoC office has devised plan to promote awareness about farmer producer companies district wise taking Government of J&K in the loop. He said that RoC office is already in touch with JKEDI and very shortly the promotion campaign will begin.
“RoC office has already begun the process of studying successful models of such companies across the country and steps would be taken to emulate them to harness the benefits of scale for producers in J&K,” he said, adding, the promotion campaign on farmer producer companies holds importance as e-NAM has already taken a successful shape connecting mandis across the country.
Pertinently, a farmer producer company can be formed by 10 or more primary producers and activities undertaken by it relates to production, harvesting, procurement, grading, pooling, marketing, etc of agricultural produce.
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