GST Service

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Section 8 microfinance company registration is the process of legally establishing a non-profit organization under Section 8 of the Companies Act, 2013 in India, with the specific purpose of providing microfinance services to underserved communities and promoting financial inclusion. This legal structure allows the organization to operate without profit motives and focus on its social mission while enjoying tax benefits and regulatory compliance.

Service Details:

Section 8 microfinance company registration is the legal process of establishing a non-profit organization under Section 8 of the Companies Act, 2013 in India, with the specific purpose of providing microfinance services to underserved communities. This registration allows the company to operate for social and charitable objectives, with potential tax benefits, focusing on financial inclusion and social impact.

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One Person Company (OPC) registration is an alternative concept of sole proprietorship firm for taking to step towards limited liability, which is introduced by the Ministry of Corporate Affairs (MCA). One Person Company is totally new concept in the new Companies Act in the year 2013, earlier there was no concept of a one-person Company. The main aim was to promote the individual having the resources to form a company by reducing the complications and challenges faced while the incorporation of a legal entity. It can be said as it is a company that is owned by a single person.