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What are the benefits of Section 8 microfinance corporations?

What are the benefits of Section 8 microfinance corporations?

Influence of Revised RBI Tips on Part 8 Microfinance Corporations Once you want to create a monetary enterprise throughout India with out RBI clearance and capital restrictions, registration of microfinance corporations below part 8 is the very best different. Part 8 microfinance corporations could be established with microfinance goals for social functions with the intention […]

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What are the different types of Private Limited Companies?

What are the different types of Private Limited Companies?

Corporations Act, 2013 permits for the incorporation of several types of corporations with various ranges of legal responsibility for the shareholders and members. Based mostly on the necessities of the enterprise, the promoters can additional select between the next three kinds of Private Limited Company – along with selecting between the entities (LLP, Personal Restricted […]

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Micro Finance Company via Section 8- Fees, Procedure, Documents

Section 8 Micro finance Company or Micro-finance Institution (MFI) is a financial organization that provides credit to people and organizations who are denied access to traditional financial institutions due to poverty, occupation, ethnicity, religion, or nationality. A Microfinance Company is registered with the Registrar of Companies as per Section 8 of the Indian Companies Act, […]

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How to run a Nidhi Company

How to run a Nidhi Company?

The dealings of Nidhi Company are restricted to its members only i.e. borrowing from the members and lending to back to them only and hence regarded as the mutual benefit society. Nidhi Companies provides loans at less rates comparatively than Banks. Nidhi Company Registration Nidhi Companies are incorporated as Public Limited Companies with at least 3 […]