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[vakilkarosblog]

Which comes under NBFC?

Section 8 Microfinance Company Registration refers to the registration of a microfinance company under Section 8 of the Companies Act, which pertains to companies established for charitable purposes. Microfinance companies provide financial services to low-income individuals and businesses and Which comes under NBFC?.

As for the connection with NBFC (Non-Banking Financial Company), microfinance companies often fall under the broader category of NBFCs. NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. Microfinance companies, by engaging in lending and financial activities, often align with the characteristics of NBFCs.

For more detailed and specific information on Section 8 Microfinance Company Registration and its relationship with NBFCs, you may want to consult legal or financial experts, or visit official government websites related to company registration and financial regulations in your jurisdiction.

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