Banks in India to Establish Section 8 Entity for Fintech Self-Regulatory Organisation License
The Section 8 Entity and SRO License Banks in India are taking a significant step by setting up a Section 8 entity under the Companies Act to apply for a Self-Regulatory Organisation (SRO) license aimed at the burgeoning fintech sector. A Section 8 entity is a type of non-profit organization intended for the promotion of…