Governance, Legal & Compliance

SSMFS maintains high standards of governance, legal compliance, and institutional transparency. As a Section 25 Non-Profit Company, the organization adheres to all regulatory requirements and operates with institutional accountability.

Legal Status & Registration

Legal Name

Suyaseva Micro Financial Services

Legal Form

Non-Profit Company registered under Section 25 of the Companies Act, 1956 (Section 8 equivalent)

Corporate Identity Number (CIN)

U65999TN2005NPL056334

Date of Incorporation

18 May 2005

Registered Office

4/100-A, Perambalur Main Road, Veppanthattai – 621116,
Perambalur District, Tamil Nadu

Governance Structure

SSMFS is governed by a Board of Directors representing the shareholder Trusts. The Board provides strategic direction, ensures regulatory compliance, and oversees the operations of the organization.

  • Board of Directors representing shareholder Trusts
  • Regular Board meetings and governance reviews
  • Clear separation of governance and management
  • Transparent decision-making processes
  • Institutional accountability mechanisms

Compliance Framework

Companies Act Compliance

Full compliance with provisions of the Companies Act, 1956 applicable to Section 25 Non-Profit Companies.

Financial Reporting

Preparation and maintenance of audited financial statements and annual audits by qualified chartered accountants.

Institutional Standards

Adherence to institutional norms including fair practices code and client protection principles.

Bank Partnership Compliance

Compliance with operational norms stipulated by partner banks for SHG credit linkage programs.