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The Micro-credit Regulatory Authority Act, 2006 (Act no XXXII of 2006).

País/Territorio
Bangladesh
Tipo de documento
Legislación
Fecha
2008
Fuente
FAO, FAOLEX
Título completo
An Act to provide for establishing an Authority for efficient regulation of micro-credit activities to ensure transparency and accountability in the activities of Micro-credit Organizations conducting Micro-credit activities in Bangladesh and for the matters ancillary thereto.
Materia
General
Palabra clave
Acceso-a-la-información Autorización/permiso Crédito Financiamiento Gobernanza Inspección Institución Infracciones/sanciones Fondo especial
Área geográphica
Asia, Asia y Pacifico, Océano Índico, Países menos desarrollados, Mares del Asia Sudoriental, Asia Meridional
Resumen

This Act establishes the Micro-credit Regulatory Authority (Authority) in Bangladesh to regulate the micro-credit organizations and their activities. This includes issuing and cancellation of certificate for running Micro-credit Organization and to scrutinize, analyze or proactively supervise records of such organizations. The Authority shall have its own fund which may receive monies from various sources and shall maintain proper accounts which shall be subject to audit. The Act prohibits conducting Micro-credit activities without a certificate issued by the Authority and lays down the procedure and conditions for obtaining such certificate. The Authority shall maintain a depositors' security fund to secure and protect the deposit of depositors of Micro-credit Organizations. The Act provides for penalty for offences committed under the Act and measurers to be taken against organizations unable to pay its liability.

Texto completo
Inglés
Página web
bdlaws.minlaw.gov.bd