Section 8 Company for Microfinance – Registration Requirements
Section 8 Company for Microfinance – Registration Requirements
Blog Article
Starting a microfinance business in India is a great way to serve low-income individuals with accessible credit. One of the most legally accepted ways to do this is by registering a Section 8 Company under the Companies Act, 2013. Section 8 companies are non-profit organizations that can operate microfinance activities—without requiring RBI approval, provided they don’t accept public deposits and comply with lending limits.
The registration process includes name approval, drafting of the Memorandum and Articles of Association (MoA & AoA), filing with the ROC, obtaining the Section 8 license from the Ministry of Corporate Affairs (MCA), and PAN/TAN issuance. After incorporation, the microfinance entity must also comply with additional requirements like GST registration, opening a current bank account, and proper bookkeeping.
To avoid complexities in the legal process, most founders opt for professional guidance. That’s where Agile Regulatory steps in as a trusted partner. Agile Regulatory provides end-to-end consulting for Section 8 Microfinance Company registration—including name selection, drafting legal documents, filing forms, and getting approvals from MCA and other departments.
With extensive experience in NBFC, NGO, and Section 8 registrations, Agile Regulatory ensures your microfinance company is registered efficiently and legally compliant. Whether you're offering small loans, SHG-based lending, or working on a rural credit model, their team tailors the service according to your vision and operational structure.
Additionally, Agile Regulatory also helps with post-registration services such as legal documentation, microfinance policy preparation, and annual ROC filings, so your microfinance business stays compliant and audit-ready at all times.
If you’re planning to empower communities through micro-credit, now is the right time to act. Get in touch with Agile Regulatory for affordable, transparent, and expert guidance in registering your Section 8 Microfinance Company anywhere in India.
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