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Section 8 Microcredit Company Registration

Founder and Partner at Muds Management
Jun. 21, 2021
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Section 8 Microcredit Company Registration

  1. SECTION 8 MICROCREDIT COMPANY REGISTRATION MUDS Management Pvt. Ltd.
  2. MUDS Services Compilation of various documents & filing of online application for registration Market research and lending model planning End-to-end assistance in application with RBI Complete assistance during company formation Generation of the Business plan and compliance support post- registration 1 2 3 4 5 MUDS Management Pvt. Ltd.
  3. 1 Tax Benefits 4 Exemptions for Donors 6 Separate Legal Entity 2 No Minimum Capital Requirement 5 Credibility 3 No Payment of Stamp Duty Benefits of Section 8 Company Registration MUDS Management Pvt. Ltd.
  4. Documents Required for Section 8 Company Registration 01 DINs of directors of the Company. 02 Digital signatures certificates of the Directors. 03 Certificate of company’s name registered with RoC. MUDS Management Pvt. Ltd.
  5. Documents Required for Section 8 Company Registration 04 Copy of Article of Association. 05 Memorandum of Association. 06 Copy of resolution by company’s board stating its objectives. MUDS Management Pvt. Ltd.
  6. Documents Required for Section 8 Company Registration 07 Company’s business plan for the next three years. 08 Details of the directors and promoters. 09 Any other relevant documents as required. MUDS Management Pvt. Ltd.
  7. Eligibility Criteria for Section 8 Company Registration 01 02 03 04 05 06 07 Objectives of the Company Must Have Business Plan Different Entities Are Eligible Use Surplus Donation for Objective Promoters Must Fulfill Compliances An Indian Citizen as Director No Remuneration for Administrators MUDS Management Pvt. Ltd.
  8. Procedure for Section 8 Company Registration Apply to MCA's Regional Director Application on MCA Portal Choose appropriate name Submit Financial Documents Submit necessary documents Prepare DSC of Directors 02 03 04 06 05 01 MUDS Management Pvt. Ltd.
  9. Compliances to be Followed Section 8 Company 03 04 01 02 Annual maintenance of book of accounts. Mandatory audit of financial accounts and statements of the company. The company must conduct at least two board meeting per year. Preparation of annual financial statements of the company.
  10. Compliances to be Followed Section 8 Company An annual return must be filed with other e-filing forms. 07 Additional compliances to be fulfilled if the company is registered under Section 12A and 80G. 08 Income tax return filing for non-exempted income. 05 Filing financial statement in AOC 4 form. 06
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