The Microfinance Institutions Ordinance, 2001
PART I PRELIMINARY
1 Short title, extent and commencement of Microfinance Institutions.
2 Definitions of Microfinance Institutions.
3 Applications of other laws of Microfinance Institutions.
PART II ESTABLISHMENT AND WINDING UP
4 Restrictions on establishment and operations.
6 Functions and powers.
7 Prohibition and restrictions
8 Principal office.
9 Area of operation.
11 Winding up.
PART III LICENSING
12 Existing microfinance Institutions.
13 Setting up new microfinance banks.
13 A Suspension or cancellation of a licence.
PART IV REGULATION AND SUPERVISION
14 Management and administration.
18 Liquidity and reserves.
19 Depositor's protection fund.
20 Power to call for information.
21 Inspection and investigation. 22 Power to give directions.
22 A Power of the State Bank to remove Directors or other managerial persons from offices.
22 B Power of the State Bank to supersede Board of Directors of microfinance banks.
22 C Limitations.
22 D Prosecution of directors, chief executive officers or other officers.
PART V MISCELLANEOUS
24 Continuance of charge and priority.
25 Restrictions on removal of records and documents.
26 Nondisclosure of information.
26 A Declaration of fidelity and secrecy.
27 False information.
28 Cognizance of offences.
30 Power to make rules.
31 Power to make regulations.
32 Removal of difficulties.
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