As of my last knowledge update in January 2022, Section 8 of the Companies Act, 2013 pertains to the establishment of companies for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other similar object. However, microfinance regulations are typically governed by specific financial regulatory authorities in each country.
If you are looking for information on microfinance regulations specific to a particular country or region, I recommend checking the regulatory body responsible for overseeing financial institutions in that area. Microfinance institutions often fall under the purview of banking or financial regulatory authorities.
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As of my last knowledge update in January 2022, Section 8 of the Companies Act, 2013 pertains to the establishment of companies for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other similar object. However, microfinance regulations are typically governed by specific financial regulatory authorities in each country.
If you are looking for information on microfinance regulations specific to a particular country or region, I recommend checking the regulatory body responsible for overseeing financial institutions in that area. Microfinance institutions often fall under the purview of banking or financial regulatory authorities.
Here are some general steps you can take to find the regulations for microfinance companies:
Check with Financial Regulatory Authorities: Look into the regulations and guidelines provided by the financial regulatory authority in your country. This could be a central bank or a dedicated financial regulatory agency.
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