Service Details

Microfinance Company Registration Services in India 👇

📌 What is a Microfinance Company?

A Microfinance Company is a type of Non-Banking Financial Company (NBFC-MFI) that provides financial services and small loans to low-income individuals or groups who lack access to traditional banking services. It is regulated by the Reserve Bank of India (RBI).

✅ Key Features:

• Can lend small loans to individuals and groups (microcredit)

• Regulated by RBI under NBFC guidelines

• Must comply with minimum capital and net-owned funds requirements

• Provides financial inclusion to underserved communities

• Ideal for entrepreneurs targeting rural or low-income sectors

🧾 Documents Required for Microfinance Company Registration

1. For Directors / Shareholders:

• PAN Card

• Aadhaar Card

• Passport-size photograph

• Email ID & Mobile Number

• Passport (for foreign nationals)

2. For Registered Office:

• Latest Electricity / Water / Gas bill (not older than 2 months)

• Rent Agreement / Ownership Proof

• NOC from property owner

3. Additional Documents:

• Draft of Memorandum of Association (MOA) & Articles of Association (AOA)

• Business plan & financial projections

• Details of Directors & Shareholders

• Net-owned fund proof (minimum ₹5 crore as per RBI guidelines)

• Board resolution approving NBFC business

📝 Step-by-Step Microfinance Company Registration Process

1. Incorporate Company under Companies Act, 2013 (Private Limited or Public Limited)

2. Obtain DSC & DIN for directors

3. Draft MOA & AOA specifying NBFC-MFI objectives

4. File SPICe+ Form (INC-32) for incorporation with ROC

5. Apply for PAN & TAN

6. Prepare business plan & financials

7. Submit NBFC-MFI application to RBI along with required fees and documents

8. Obtain Certificate of Registration (CoR) from RBI

🏢 Post-Registration Compliances

• Maintain minimum net-owned funds of ₹5 crore

• Comply with RBI NBFC regulations (KYC, fair practices, lending norms)

• File statutory returns with RBI periodically

• Conduct internal audits and maintain books of accounts

• Annual ROC filings (AOC-4, MGT-7)

💼 Our Microfinance Company Registration Services Include:

• Company incorporation (Private Limited / Public Limited)

• DSC & DIN generation

• MOA & AOA drafting for NBFC-MFI

• PAN & TAN allotment

• RBI NBFC-MFI application preparation and submission

• Compliance guidance post-registration

• Advisory on capital requirements, documentation, and licensing

⏳ Timeline & Cost

• 🕒 Timeline: 30–45 working days (includes RBI approval)

• 💰 Government Fees: As per MCA & RBI guidelines

• 🧾 Professional Fees: Based on services selected and complexity

📞 Contact for Assistance

SAI KUMAR VARALA & CO
✅ Microfinance Company Registration | NBFC-MFI | RBI Licensing | Compliance | Accounting | Audit
📱 Mobile: 7337500748
📧 Email: saivarala33@gmail.com