Micro Finance Company Registration

MicroFinance Section 8 Registration can be done by 2 directors with minimum share capital of one lakh. MFI don't need RBI licence for working.

This is best way to provide Group loan, personal loan, unsecured loan to any individual in India. Start Your registration with 50000 Advance.

Micro Finance Section 8 Registration

From ₹ 180000 /- all inclusive fees
EMI: ₹ for 12 months*

Micro finance Section 8 Company Registration

A Company can be registered as a Company under Section 8 of the Companies Act, 2013 (earlier section ‘25’ of Companies Act, 1956 which is governed by Ministry of Corporate Affairs. Company incorporation documents and Section 8 license will be provided by the MCA. We don't need to take any other license from any other department like RBI, Local authority Etc.

Micro finance company can work in the field of micro loans, group loan and every type of unsecured loan all over India. Last name of micro finance companies are foundation, Forum, Association, Federation, Chambers, Confederation, council, Electoral trust and the like etc.

Middle name for the Micro finance companies can be:

1) Micro Finance

2) Micro Credit

3) Micro Benefit etc.....

Reasons for Micro Finance Section 8 Registration

Type of loans

Microfinance section 8 company can provide Group loan ( Mahila Loan) , Personal loan, unsecured loan upto 50,000/- per person for personal or business use. They can provide loan upto 1,25,000/- for meeting the cost of dwelling unit to any poor person for enabling him to raise the level of income and standard of living.

Company cannot take any assets as a security of loan, because only unsecured loan can provide by the company. No secured loan allowed in Section 8 Company.

Rate Of Interest

Maximum rate of interest in the Micro finance company can be 26%, this can be fixed or reducing as per the requirement of company, Government don't have any guidelines over it.

Multiple Office

Unlike Nidhi company, micro finance section 8 can work in multiple state with multiple office. Company need not to take permission for multiple offices.

No RBI license

Micro finance section 8 companies are exempted from taking license from the RBI. The exemption notification is RBI/2015-16/15 DNBR (PD) CC.No.052/03.10.119/2015-16 Dated July 01 2015.

Low Investment

Unlike NBFC, micro finance company dont need investment of 2 Crore, this company can be created with initial investment of 1 laknh only.

PAN card

Individual PAN card of all directors and shareholders are required for registration. In company separate PAN card will applied by us at the time of Company registration.

Adhaar Card

For Company registration we need Adhaar card of all directors and shareholders.

Additional ID proof

One documents from the option is required (Voter ID/ Driving licence/ Passport)

Additional Address proof

One document from the option is required (Bank statement/ updated bank passbook/ Utility bill )

Company address proof

Any utility bill like electricity bill or water tax bill is required, in case property is rented in than rent agreement with owner is required.

Micro Finance section 8
Maximum rate of interest can be charge in Micro finance company is 26% Per annum. This interest can be fixed or reducing
SIMPLE & TRANSPARENT PRICING

silver

180000/-
all inclusive fees

MicroFinance Section 8 Company registration with 2 DSC and DIN, along with government payment and stamp papers, Authorized capital upto 10 lakhs,One time RUN filing for name approval, Support for bank account opening.

gold

225000/-
all inclusive fees

MicroFinance Section 8 Company registration with 2 DSC and DIN, along with government payment and stamp papers, Authorized capital upto 10 lakhs,One time RUN filing for name approval, Support for bank account opening and Software to manage your Microfinance business

platinum

235000/-
all inclusive fees

MicroFinance Section 8 Company registration with 2 DSC and DIN, along with government payment and stamp papers, Authorized capital upto 10 lakhs,One time RUN filing for name approval, Support for bank account opening, Software to manage your Microfinance business and Trademark Registration

How Ovakil help with MicroFinance registration?

Ovakil helps you for registering Microfinance Section 8 Registration,it usually take 15 days for all process

Free Consultation

Any Doubts? Get a Callback from Ovakil Legal Panel.

Let's talk!

Company Incorporation certificate

We will provide company incorporation certificate after all process, this certificate is important for every company and required as a proof of company registration

Director DSC and DIN

Every director needs digital signature and director identification number (DIN) for company registration, we will provide all DSC and DIN.

PAN and TAN

Permanent account number (PAN) and Tax allocation number (TAN) will be provide by us in this registration.

MOA and AOA creation

Memorandum of association (MOA) and Article of association (AOA) will prepared after understanding your business needs.

Why to Choose Ovakil

10+ Years Expirience
Pay With EMI Option
Online Tracking
24x7 Support
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