Registration procedure for start a micro finance company

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praveen kumar kumawat (Querist)

19 January 2012 I want to start a micro finance company. the main objective of this company to provide loan facility to poor peoples who are living in rural areas.
Please tell me registration procedure for it.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

14 February 2012 Whether a trust, society or section-25 company, the Income Tax Act gives all categories equal treatment, in terms of exempting their income and granting 80G certificates, whereby donors to non-profit organisations may claim a rebate against donations made. Foreign contributions to non-profits are governed by FC(R)A regulations and the Home Ministry.
CAF would like to clarify that this material provides only broad guidelines and it is recommended that legal and or financial experts be consulted before taking any important legal or financial decision or arriving at any conclusion.

Formation and Registration of a Non -Profit organisations in India
1) Trust
2) Society
3) Section-25 Company
Additional Licensing/ Registration

for more info:

https://www.ngosindia.com/resources/ngo_registration.php

https://www.caclubindia.com/share_files/difference-between-trust-and-society-45092.asp

https://www.caclubindia.com/share_files/ngo-registration-36660.asp

Regards,

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