Business

0  •  0  •  9

To start a microfinance company, authorize it from the RBI. For it, decide whether it should be a non-banking finance company or the Section 8 company. This company is authorised by the Reserve Bank of India. Being so, the RBI offers some exemptions...

(more)

To start a microfinance company, authorize it from the RBI. For it, decide whether it should be a non-banking finance company or the Section 8 company.

This company is authorised by the Reserve Bank of India. Being so, the RBI offers some exemptions to perform financial activities up to a certain limit. Entrepreneurs can have microfinance company registration done in two different ways.

  1. Non-Banking Finance Companies (NBFC) duly registered with RBI

  2. Section 8 companies (companies formed under Section 8 of the Companies Act 2013)
    If you go with the first option, the first step would be to set up a private or public company. For a private company, you need at least 2 members and INR 1 lakh as capital. Besides, it also requires a minimum of 7 members. This company can raise a net worth of INR 5 crore and for the northeastern region of India, this amount is INR 2 crore. Then, a fixed deposit should be there in the bank. After that, a No Lien Certificate should be obtained. To run this company, the NBFC must fill out an application online for the licence, which requires the verification of certified documents. These documents must be submitted to the regional office of the RBI.

• Memorandum of Association and Articles of Association
• Incorporation certificate of the company
• Board resolution copy
• Copy of Auditor’s report of receipt of fixed deposit receipt
• Banker’s Certificate of No Lien stating the net owned fund
• Banker’s report about the company
• Recent credit report of the directors
• Net worth certificate of the directors
• Education/professional qualification proof of the director
• KYC and income proof of the director
• Proof of work experience in the financial sector
• Structure plan of the organization

For a Section 8 Company, you need to apply for Digital Signature Certificate (DSC) and Director Identification Number (DIN) online. Simultaneously, get its name approved in Form INC-1, which should be Sanstha, Foundation, or Micro Credit in its name. Then, file the Memorandum of Association (MOA) and Articles of Association (AOA) with the necessary documents, which can be the following:
• PAN Card copy of all directors/promoters
• Documents for identity proof
• Documents for address proof
• Photograph of all directors/promoters
• Proof of ownership of registered office or rental agreement for the same
• NOC from the owner
• Applicable stamp duty as mandated by the state
• Any other documents as required

Source: https://caaq.in/service/micro-financ...

 3.15 q
Business

0  •  0  •  1

CPM Consultants South Carolina: At Leopard Project Controls, a construction scheduling company in the U.S., we assist general contractors and project owners in South Carolina, North Carolina, New York, New Jersey, Virginia, Washington, D.C., and Mary...

(more)

CPM Consultants South Carolina: At Leopard Project Controls, a construction scheduling company in the U.S., we assist general contractors and project owners in South Carolina, North Carolina, New York, New Jersey, Virginia, Washington, D.C., and Maryland with construction CPM scheduling services. If you are bidding on a new project or need CPM consulting and construction scheduling services for any of your ongoing projects, please get in touch with us to get started. We will provide you with a proposal tailored to meet your project specifications and scope of work for the contractor’s baseline CPM schedule and monthly construction schedule updates.

 0.35 q
Business

1  •  0  •  6

Get the best math homework help online from Treat Assignment Help UK. The professionals will help you to solve any math topic with ease.Students around the globe often face problems in doing their maths homework. Maths is a complicated subject as it ...

(more)

Get the best math homework help online from Treat Assignment Help UK. The professionals will help you to solve any math topic with ease.Students around the globe often face problems in doing their maths homework. Maths is a complicated subject as it consists of essential sub-topics such as geometry, calculus, and trigonometry which involves various theorems and formulas that students find challenging to complete. For all those students who ask to do my math homework, Treat Assignment Help UK is the best for you.

We are the top assignment writing services that are globally popular for their brilliant quality work in more than 100+ academic subjects. With a team of 500+ in-house expert writers, the company is redefining the structure and quality of homework help services. If you are the one who is looking for someone to do my math homework help in UK, then contact us. We have reliable math homework experts who can challenge every math topic no matter how difficult it is.