Start a Microfinance Business with Section 8 Company Registration
Start a Microfinance Business with Section 8 Company Registration
Blog Article
A Section 8 Microfinance Company is a special type of non-profit company registered under the Companies Act, 2013. It is primarily formed to provide financial assistance such as small loans to low-income groups, self-help groups (SHGs), and women entrepreneurs for their livelihood without aiming for profit distribution among promoters. Unlike NBFCs, a Section 8 company can engage in micro-lending without RBI approval, making it an ideal model for starting a socially-driven microfinance institution.
To register a Section 8 Microfinance Company, promoters must apply through the MCA (Ministry of Corporate Affairs) portal, submit a clear objective of charitable micro-lending, draft MOA/AOA, and get approval for a license under Section 8. After incorporation, PAN, TAN, bank account, and NGO-compliance certifications such as 12A and 80G can be obtained to receive grants or donations.
While the registration process may appear straightforward, compliance with legal documentation, drafting objectives correctly, and aligning your business with microfinance laws requires precision and expertise. That’s where Agile Regulatory comes in.
With a strong background in company formation and NGO-based financial models, Agile Regulatory offers complete consulting and registration services for Section 8 Microfinance Companies. From company name approval, drafting objectives, digital signatures, license application, and incorporation to post-registration tax exemptions—we take care of everything.
Our expert legal team helps ensure that your Section 8 company is eligible to conduct microfinance activities without violating RBI norms. We also assist in preparing operational frameworks, board resolutions, and policies that align with microfinance standards.
If you're planning to start a microfinance business to create a social impact, Agile Regulatory is your ideal partner for a smooth and compliant registration process.
✅ Register your Section 8 Microfinance Company with Agile Regulatory and make a difference where it matters.
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