Description

Section 8 Microfinance Company Registration refers to the process of registering a microfinance company under Section 8 of the Companies Act. Easypaytax guides you through this. Section 8 companies are non-profit organizations established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other similar objective. Registering a microfinance company under Section 8 involves fulfilling specific legal requirements, including drafting a memorandum and articles of association, obtaining necessary approvals from regulatory authorities, and adhering to regulations governing microfinance activities. This registration ensures compliance with the law and enables the microfinance company to operate legally while focusing on its mission of providing financial services to underserved communities and promoting socio-economic development.