Step-by-Step Guide to Register a Section 8 Microfinance Company

✅ Introduction

Microfinance is one of the fastest-growing financial sectors in India.

If you want to start a Microfinance Company legally, the most reliable and cost-effective way is by registering under Section 8 of the Companies Act, 2013.

👉 In this blog, we will give you a step-by-step registration process to start your own Section 8 Microfinance Company.

🔹 Step 1: Name Approval

• Apply through RUN (Reserve Unique Name) service on MCA portal.
• Choose a name that reflects your objectives (finance, welfare, empowerment).

🔹 Step 2: Digital Signature Certificate (DSC)

• At least 2 Directors must have DSC.
• Required for e-filing forms with MCA.

🔹 Step 3: Director Identification Number (DIN)

• Apply for DIN for all directors.
• Mandatory for incorporation filing.

🔹 Step 4: Drafting of MOA & AOA

• MOA (Memorandum of Association): Must clearly mention Microfinance, Credit, Welfare activities.
• AOA (Articles of Association): Company rules and internal management.
• Must follow Section 8 requirements.

🔹 Step 5: Filing INC-12 Form

• File INC-12 with ROC (Registrar of Companies).
• Attach Draft MOA, AOA, and other documents.
• Pay required government fee.

🔹 Step 6: ROC License (INC-16 / INC-17)

• ROC issues a Section 8 License after review.
• This gives permission to operate Microfinance as a non-profit company.

🔹 Step 7: Filing SPICe+ (INC-32)

• File for final incorporation with SPICe+ (INC-32).
• Attach MOA, AOA, PAN, TAN applications.
• After approval, you get Certificate of Incorporation (COI).

🔹 Step 8: PAN, TAN, Bank Account

• PAN & TAN auto-generated with SPICe+.
• Pass a Board Resolution to open a Bank Account.

🔹 Step 9: Post-Incorporation Compliance

• Apply for GST Registration (if needed).
• Maintain Books of Accounts.
• File Annual Returns & Audit Reports with ROC.
• Follow RBI Guidelines for Microfinance.

🔹 YouTube Video

For detailed explanation, watch our video here:

🔹 Frequently Asked Questions (FAQ)

• Q1. How much capital is needed to start a Section 8 Microfinance Company?
  👉 Minimum ₹1 lakh recommended, you can expand gradually.
• Q2. Is RBI license required?
  👉 No, RBI approval is not needed if turnover is below ₹100 Cr.
• Q3. Can Section 8 Company give loans?
  👉 Yes, under Microfinance activities as mentioned in MOA.
• Q4. What annual compliance is required?
  👉 ROC Filing, Audit, ITR, and following RBI & MCA rules.

🔹 Why Choose Guglymart?

• ✔ Complete Legal Support – End-to-End Registration & Compliance.
• ✔ Expert Team (30+ Members) – Legal, Drafting, Audit, IT, Training.
• ✔ Pan-India Service – West Bengal, Bihar, Assam, Tripura, Uttar Pradesh.
• ✔ Proven Track Record – 95–99% Client Satisfaction.
• ✔ One-Stop Business Solution – Registration, ITR, Audit, Training, Loan Software.

🔹 Call to Action

👉 Do you want to register your own Section 8 Microfinance Company?

👉 Guglymart Private Limited will handle the entire process – from legal paperwork to final approval.

📞 Call Now: 7557813545 / 7602980506 / 9742656135

✉ Email: [email protected]

🌐 Website: www.guglymart.com

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