Micro Finance Company Registration in Rajasthan

Steps to Register a Micro Finance Company as an NBFC:

• Company Incorporation – First, register your business as a Private Limited or Public Limited Company, based on your business model.
• Ensure Minimum Capital – You must have at least ₹5 crores in Net Owned Funds (NOF). For companies in the North Eastern states, the minimum is ₹2 crores.
• Deposit Capital in Bank – Deposit this capital in a fixed deposit under the company’s name at a scheduled bank. Then, collect a No Lien Certificate from the bank as proof.
• Apply for RBI License
  • Download the license form from the RBI website.
  • Fill it out manually, scan it, and upload it with supporting documents online.
  • After online submission, you’ll get a reference number.
  • Along with documents, submit the hard copy of your application and the reference number to the Regional RBI Office.
  • The application is first reviewed by the regional office and then forwarded to the RBI’s Central Office for final approval.

Steps to Register a Micro Finance Company as a Section 8 Company:

• Get DSC for Directors – Apply for Digital Signature Certificates (DSC) for the proposed directors to file online forms.
• Name Reservation – Choose a unique company name and apply for approval through the RUN (Reserve Unique Name) form on the MCA portal.
• Draft MoA & AoA – Prepare the Memorandum of Association (MoA) and Articles of Association (AoA) with a financial/social objective.
• Filing with RoC – Submit the application using SPICe+ (INC-32) along with the MoA, AoA, and KYC documents to the Registrar of Companies (RoC).
• Once approved, you will receive the Certificate of Incorporation, officially confirming that your company is legally registered and recognized.
• PAN and TAN – Along with the certificate, you will also receive the PAN and TAN of the company.

Documents Required for NBFC Micro Finance Company Registration in Rajasthan
• To register your Micro Finance Company as an NBFC, you’ll need the following documents:
• Certificate of Incorporation, along with the MoA and AoA of your company
• Auditor’s certificate showing the Net Owned Fund (NOF)
• No Lien Certificate from your bank (for the fixed deposit)
• KYC of all directors with passport-size photos, education documents, and proof of relevant experience in the financial sector
• Bank report about your company’s credibility
• CIBIL credit report, income proof, and CA-certified Net Worth Certificate of the organization
• Detailed organization structure plan

Documents Required for Section 8 Micro Finance Company Registration in Rajasthan
To register your Micro Finance Company as a Section 8 Company (Non-Profit Organization), you’ll need the following documents:
1. Identity Proof of Directors
• PAN Card (mandatory)
• Aadhaar Card / Passport / Voter ID / Driving License
2. Address Proof of Directors
• Aadhaar Card / Utility Bill / Bank Statement (not older than 2 months)
3. Passport-Size Photographs
• Recent colored photos of all proposed directors
4. Director Identification Number (DIN)
• If already available. If not, it will be generated during incorporation
5. Digital Signature Certificate (DSC)
• Required for signing digital forms online (We help you obtain it)
6. Proof of Registered Office Address
• Rent Agreement (if rented) or Ownership Documents (if owned)
• Electricity bill / Water bill (not older than 2 months)
7. No Objection Certificate (NOC)
• From the property owner, if the office is on rent
8. Memorandum of Association (MoA) & Articles of Association (AoA)
• Drafted with objects related to microfinance, financial inclusion, or social development
9. Detailed Business Activity Plan
• Explaining the purpose of the company and how it will operate to serve the financial needs of low-income groups
10. Estimated Annual Income & Expenditure for Next 3 Years
• For MCA approval under Section 8
11. Declaration by Directors
• Stating they are not convicted or disqualified and are willing to work as directors
12. Consent Letters from Directors
• Agreeing to be appointed as directors in the proposed company

Why Choose E Accountax Manager for Micro Finance Company Registration in Rajasthan?
Setting up a Microfinance Company involves many legal steps, but you don’t have to do it alone. Here’s how E Accountax Manager makes the journey simple and stress-free:
• Fast & Timely Process
We know how precious time is. Our efficient team ensures your Microfinance Company gets registered as quickly as possible—with no unnecessary delays.
• 100% Compliance Assurance
We stay updated with the latest RBI norms and Companies Act rules. So your business stays on the right side of the law—always.
• Tailored for Your Business
Every business is unique. Our solutions are designed to match your specific needs—whether you’re a startup, NGO, or a growing enterprise.
• Ongoing Post-Registration Support
Once your license is granted, we don’t disappear. We’re here for compliance help, annual filings, and reporting—whenever you need us.
Conclusion
Registering a Micro Finance Company in Rajasthan becomes effortless when you partner with E Accountax Manager. Whether you choose the NBFC route or Section 8, we provide expert guidance, legal compliance, and full support—every step of the way.
If you are looking for a trusted Labour Law Advisor in Rajasthan, then, contact E Accountax Manager today and turn your dream of empowering others into a reality.