Microfinance Bill, 2012 H.B. 2, 2012 B. a business plan in the form prescribed in the Second Schedule; (ii) the applicant is a partnership⎯ A. the names of the partners, their physical addresses, and particulars of the qualifications or experience, if any, of each partner in the field of microfinance business; and B. a certified copy of the partnership agreement; and C. a business plan in the form prescribed in the Second Schedule; (iii) the applicant is a company, the same particulars as are required of a microfinance institution under paragraph (a); and (c) the physical address of the applicant’s head office or principal place of business and any other premises where it carries on or proposes to carry on microfinance business; and (d) the prescribed fee; and (e) such other information and documents as may be prescribed or as the Registrar may reasonably require. (2) Subject to subsection (3), if the Registrar is satisfied that the applicant has complied with the applicable requirements of subsection (1) and that⎯ (a) in the case of an applicant who proposes to operate as a microfinance institution⎯ (i) the applicant has, or on registration will have, sufficient capital to conduct the microfinance business which the applicant wishes to conduct; and (ii) its business plan is appropriate for the microfinance business which the applicant wishes to conduct; and (iii) the applicant’s directors are fit and proper persons to be directors of a microfinance institution; and (iv) the persons who will be the applicant’s chief executive officer, chief accounting officer and such other officers as may be prescribed⎯ A. are fit and proper persons to hold the offices concerned; and B. have sufficient qualifications and experience for the management of the microfinance business the applicant intends to conduct; and (v) the applicant will not adopt any undesirable method of conducting business; and (vi) the applicant will conduct its business in a prudent manner; and (b) in the case of a moneylender who operates or proposes to operate as⎯ (i) an individual, he or she is a fit and proper person to conduct moneylending business, and his or her business plan is appropriate for the moneylending business which the applicant wishes to conduct; or -9-