Best Micro Finance Company Registration Consultant No.❶ Micro Finance Company Registration Consultant

Micro Finance Company Registration in India @ ₹ /- Only

Online Micro Finance Company Registration takes only , We are providing affordable Micro Finance Company Registration Service.

India's Best Online Chartered Accounting Service provider.

Chat with Our Experts

Micro Finance Company Registration HELPLINE NUMBER FOR
+91 931-572-1086

ADS Section start

Special offer for Entreprenures & New Start Ups

Website in only 2500 with free SSL
Click Here To Get Grab This Oppertunity

End of ADS Section

is FIRST LARGEST ONLINE CLOUD BASED EASIEST PLATFORM to help you in all your individual, business & organization's accounting needs. CA Adda having 100+ EXPERIENCED & SENIOR CHARTERED ACCOUNTANTS which are available for you 24 by 7 to take care of all your individual and business accounts requirement.

We are working all over India

CA ADDA's Experts are available 24 hours to answer your questions with ZERO Fees (No hidden cost)

Chat with Our Experts

What is Micro Finance Company Registration?

Microfinance Company is also known as a Micro Finance Institution. It is a type of Company that provides Financial Services like, Loans, Credit, Insurance, and Savings to small business entrepreneurs and small enterprises. Micro finance is a type of non deposit accepting NBFC. It provides small financial support to people with low income and in rural and semi-urban areas. Micro Finance Companies are eligible to provide a loan or credit of up to 50,000 in a rural area and Rs. 1,25,000 in urban areas to small entrepreneurs, enterprises, and people with the low-income group. It provides loans to the small businessman, agriculturists, horticulturists, farmers, etc. without demanding any collateral security or marginal money. It can provide loansatreasonable rates prescribed by central government and Reserve Bank of India. Micro Finance Companies are a great support to rural and agricultural development and income and employment generation.

CA ADDA - India's No. 1 Micro Finance Company Registration Consultant
Micro Finance Company Registration Helpline No. - 9560388947

How to Start Microfinance Company Registration?

Microfinance company registration is divided into two broad categories:

  1. Private or Public Limited Company registration.
  2. Approval from Reserve Bank of India for starting the business of Micro Finance.

A microfinance company must have a minimum capital of Rs. 5 crores. For North east India, the minimum capital must be of Rs. 2 crores only. This amount is to be deposited in a bank account opened in the name of the company as fixed deposit.

Anyone who wants to register a Micro finance company needs to register a company first under the Companies Act, 2013. Once the company is registered and you have received certificates of incorporation under the Companies Act, 2013 you need to open a bank account in the name of the company and deposit an amount of 5 crores or 2 cores, as the case may be, as fixed deposit in the account. After depositing the amount of fixed deposit you need to make a proper application to Reserve Bank in prescribed format for NBFC MFI, along with all the required documents. The application will be filed online and hard copies of all documents will be submitted to the regional office of Reserve Bank of India. After receiving the application and all the necessary documents the Reserve Bank of India will conduct a due diligence. If the apex bank is satisfied will the application and the documents, it will issue Certificates of commencement of business to the Micro finance company.

Checklist of Documents required to be filed with the application for MFC registration with an RBI:

  • Certified true copy of Certificate of incorporation of businesses and Certificate of commencement of business of the concerned company.
  • Certified copy of up to date Memorandum of Association and Article of Association.
  • Certified true copy of Board Resolution in supporting the registration of the company as a micro finance company, along with a declaration that the company will comply with prescribed rules, regulation and compliances directed by Reserve Bank of India for a micro finance company.
  • Bankers report related to dealing made with the company.
  • An auditors report stating that the applicant company owns the minimum capital required.
  • Certified copies of educational and professional qualification of all directors and experience certificate in the sector of Financial Services if any.

A Micro Finance Company can charge different rate of interest from different customers, but the variation between the minimum and maximum interest rates shall not exceed 4 per cent for individual loans.

Chat with Our Experts

Micro Finance Company Registration Andaman & Nicobar Islands Micro Finance Company Registration Andhra Pradesh Micro Finance Company Registration Assam Micro Finance Company Registration Chandigarh Micro Finance Company Registration Dadra & Nagar Haveli Micro Finance Company Registration Delhi Micro Finance Company Registration Gujarat Micro Finance Company Registration Haryana Micro Finance Company Registration Himachal Pradesh Micro Finance Company Registration Jammu & Kashmir Micro Finance Company Registration Kerala Micro Finance Company Registration Lakshadweep Micro Finance Company Registration Maharashtra Micro Finance Company Registration Manipur Micro Finance Company Registration Meghalaya Micro Finance Company Registration Karnataka Micro Finance Company Registration Nagaland Micro Finance Company Registration Odisha Micro Finance Company Registration Pondicherry Micro Finance Company Registration Punjab Micro Finance Company Registration Rajasthan Micro Finance Company Registration Tamil Nadu Micro Finance Company Registration Tripura Micro Finance Company Registration West Bengal Micro Finance Company Registration Sikkim Micro Finance Company Registration Arunachal Pradesh Micro Finance Company Registration Mizoram Micro Finance Company Registration Daman & Diu Micro Finance Company Registration Goa Micro Finance Company Registration Bihar Micro Finance Company Registration Madhya Pradesh Micro Finance Company Registration Uttar Pradesh Micro Finance Company Registration Chattisgarh Micro Finance Company Registration Jharkhand Micro Finance Company Registration Uttarakhand Micro Finance Company Registration Telangana Micro Finance Company Registration North And Middle Andaman Micro Finance Company Registration South Andaman Micro Finance Company Registration Srikakulam Micro Finance Company Registration Vizianagaram Micro Finance Company Registration Visakhapatnam Micro Finance Company Registration East Godavari Micro Finance Company Registration West Godavari Micro Finance Company Registration Krishna Micro Finance Company Registration Guntur Micro Finance Company Registration Prakasam Micro Finance Company Registration Nellore Micro Finance Company Registration Cuddapah Micro Finance Company Registration Kurnool Micro Finance Company Registration Ananthapur Micro Finance Company Registration Chittoor Micro Finance Company Registration Kokrajhar Micro Finance Company Registration Dhubri Micro Finance Company Registration Goalpara Micro Finance Company Registration Barpeta Micro Finance Company Registration Marigaon Micro Finance Company Registration Nagaon Micro Finance Company Registration Sonitpur Micro Finance Company Registration Lakhimpur Micro Finance Company Registration Dhemaji Micro Finance Company Registration Tinsukia Micro Finance Company Registration Dibrugarh Micro Finance Company Registration Sibsagar Micro Finance Company Registration Jorhat Micro Finance Company Registration Golaghat Micro Finance Company Registration Karbi Anglong Micro Finance Company Registration North Cachar Hills Micro Finance Company Registration Cachar Micro Finance Company Registration Karimganj Micro Finance Company Registration Hailakandi Micro Finance Company Registration Bongaigaon Micro Finance Company Registration Kamrup Micro Finance Company Registration Nalbari Micro Finance Company Registration Darrang Micro Finance Company Registration North West Delhi Micro Finance Company Registration North Delhi Micro Finance Company Registration North East Delhi Micro Finance Company Registration East Delhi Micro Finance Company Registration New Delhi Micro Finance Company Registration Central Delhi Micro Finance Company Registration West Delhi Micro Finance Company Registration South West Delhi Micro Finance Company Registration South Delhi Micro Finance Company Registration Kachchh Micro Finance Company Registration Banaskantha Micro Finance Company Registration Patan Micro Finance Company Registration Mahesana Micro Finance Company Registration Sabarkantha Micro Finance Company Registration Gandhi Nagar Micro Finance Company Registration Ahmedabad Micro Finance Company Registration Surendra Nagar Micro Finance Company Registration Rajkot Micro Finance Company Registration Jamnagar Micro Finance Company Registration Porbandar Micro Finance Company Registration Junagadh Micro Finance Company Registration Amreli Micro Finance Company Registration Bhavnagar Micro Finance Company Registration Anand Micro Finance Company Registration Kheda Micro Finance Company Registration Panch Mahals Micro Finance Company Registration Dahod Micro Finance Company Registration Vadodara Micro Finance Company Registration Narmada Micro Finance Company Registration Bharuch Micro Finance Company Registration The Dangs Micro Finance Company Registration Navsari Micro Finance Company Registration Valsad Micro Finance Company Registration Surat Micro Finance Company Registration Tapi Micro Finance Company Registration Panchkula Micro Finance Company Registration Ambala Micro Finance Company Registration Yamuna Nagar Micro Finance Company Registration Kurukshetra Micro Finance Company Registration Kaithal Micro Finance Company Registration Karnal Micro Finance Company Registration Panipat Micro Finance Company Registration Sonipat Micro Finance Company Registration Jind Micro Finance Company Registration Fatehabad Micro Finance Company Registration Sirsa Micro Finance Company Registration Hisar Micro Finance Company Registration Bhiwani Micro Finance Company Registration Rohtak Micro Finance Company Registration Jhajjar Micro Finance Company Registration Mahendragarh Micro Finance Company Registration Rewari Micro Finance Company Registration Gurgaon Micro Finance Company Registration Faridabad Micro Finance Company Registration Chamba Micro Finance Company Registration Kangra Micro Finance Company Registration Lahul & Spiti Micro Finance Company Registration Kullu

CA ADDA offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India.

Efiling Income Tax Returns(ITR) is made easy with CA ADDA platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

Overall rating is 4.9 out of 5.0 for CA ADDA by 3000 clients on over 3000+ happy .

Chat with Our Experts

Micro Finance Company Registration Neral Micro Finance Company Registration Aripal Micro Finance Company Registration Hatidhura Micro Finance Company Registration Uttarkashi Micro Finance Company Registration Keshiapada Micro Finance Company Registration Vasundhara Sector-6 Micro Finance Company Registration Aswaraopeta Micro Finance Company Registration Chakarbhata Micro Finance Company Registration Kawakol Micro Finance Company Registration C-Scheme GST Registration Nidhi Company Registration MSME Registration NGO Registration

CA ADDA offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. CA ADDA.com is India's cloud-based business services platform dedicated to helping Entrepreneurs easily start and grow their business, at an affordable cost.