Topic Serial # |
Content |
Case Law |
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PREAMBLE
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0 |
PREAMBLE
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PART I –
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PRELIMINARY
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1 |
Short title, extent and commencement
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2 |
Definitions
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3 |
Applications of other laws
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PART II –
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ESTABLISHMENT AND WINDING UP
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4 |
Restrictions on establishment and operations
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5 |
Name
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6 |
Functions and powers
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7 |
Prohibition and restrictions
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8 |
Principal Office
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9 |
Area of operation
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10 |
Capitalization
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11 |
Winding up
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12 |
Existing microfinance institutions
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13 |
13-A Suspension or cancellation of a licence
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13 |
Setting up new microfinance banks
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PART IV –
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REGULATION AND SUPERVISION
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14 |
Management and administration
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15 |
Accounts
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16 |
Audit
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17 |
Returns
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18 |
Liquidity and reserves
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19 |
Depositors’ protection fund
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20 |
Power to call for information
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21 |
Inspection and investigation
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22 |
Powers to give directions
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22 |
22-A Power of the State Bank to remove Directors or other managerial persons from offices
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22 |
22-B Power of the State Bank to supersede Board of Directors of microfinance banks
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22 |
22-C Limitations
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22 |
22-D Prosecution of directors, chief executive officers or other officers
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PART V –
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MISCELLANEOUS
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23 |
Penalties
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24 |
Continuance of charge and priority
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25 |
Restrictions on removal of records and documents
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26 |
Non-disclosure of information
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26 |
26-A Declaration of fidelity and secrecy
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27 |
False information
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28 |
Cognizance of offences
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29 |
Indemnity
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30 |
Power to make rules
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31 |
Power to make regulations
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32 |
Removal of difficulties
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