A company registered under the Companies Act, dealing in the following business activities:
It does not include
A company incorporated as per Chapter XXVI of Companies Rules, 2014 with the OBJECT of:
Financial institutions provide financial assistance to those sectors which do not have access to banks and other financial institutions. It focuses on encouraging low-income groups and helping them become more self-sufficient.
Before getting into the business related to financing operations, the business owner must consider all the relevant information regarding the incorporation of such companies, pre, and post-incorporation requirements, and other compliances to be followed by such company.