Micro finance company registration in India: All About Online Registration of Section 8 Companies
The last decade has almost certainly been marked with steadily increasing emphasis on a growing level of social entrepreneurship, financial inclusion, and sustainable development in India. Many are increasingly viewing business, even today, as not only an income-generating activity but one contributing towards the welfare of society. This is when Section 8 companies and microfinance institutions come into the picture. Nowadays, it has become very easy to register a section 8 company online because the entire legal procedure has been simplified by the government. What Is a Section 8 Company? A Section 8 Company is a short form for the non-profit organizations registered under the Companies Act, 2013. Unlike the regular companies, a Section 8 company is formed with the objective to promote social welfare, charity, education and the like-non-profit goals including financial inclusion and environmental protection or any other objectives. One of the most important characteristics of a...