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

Pays/Territoire
Bangladesh
Type du document
Législation
Date
2008
Source
FAO, FAOLEX
Titre complet
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.
Sujet
Général
Mot clé
Accès-à-l'information Autorisation/permis Crédit Financement Gouvernance Inspection Institution Infractions/sanctions Fonds spécial
Aire géographique
Asie, Asie et Pacifique, Océan Indien, Pays les moins avances, Mer de l'Asie du Sud-Est, Asie du Sud
Résumé

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.

Texte intégral
Anglais
Site web
bdlaws.minlaw.gov.bd