Microfinance Bill, 2012 9 H.B. 2, 2012 Register of Microfinanciers (1) The Registrar shall maintain a register, to be called a Register of Microfinanciers, in which shall be recorded, in relation to each registered microfinancier⎯ (a) the name of the microfinancier, and whether the microfinancier is registered as a microfinance institution or moneylender; and (b) any terms and conditions subject to which the microfinancier is registered; and (c) the address of the head office or principal place of business of the microfinancier; and (d) any amendment, cancellation or suspension of the microfinancier’s registration; and (e) such other particulars as may be prescribed. (2) The Register shall be open for inspection by members of the public at all reasonable times at the office of the Registrar on payment of the prescribed fee, if any. 10 Renewal of registration (1) Every registration certificate shall be valid for a period of a year ending on 31st December of the year in which the microfinancier received the certificate, unless earlier surrendered to or cancelled by the Registrar. (2) Upon expiry of a certificate, a microfinancier may renew it by making an application therefor no later than thirty-one (31) days after the expiry of the existing certificate by submitting— (a) where there has been no material change in the details of the application for the existing registration certificate, the prescribed renewal of registration form together with the prescribed renewal fee: Provided that if in the opinion of the Registrar circumstances require that new terms or conditions be imposed on the registration certificate, the Registrar may require the microfinancier to make a new application for a new registration certificate in terms of section 7; or (b) where there has been any material change in the details supplied in or with the original application for the existing certificate, the prescribed renewal of registration form showing the material changes together with the prescribed application fee. (3) Upon receipt of an application for the renewal of a registration certificate— (a) in terms of subsection (2)(a), the Registrar shall satisfy himself or herself that the prescribed renewal of registration form has been properly completed, and if so satisfied, shall renew the licence by endorsing the existing licence accordingly ; or (b) in terms of subsection (2)(b) or the proviso to subsection (1), the same procedure as is prescribed in section 7 for the original application for registration as a microfinancier shall apply. 11 Amendment of registration (1) Subject to this section, the Registrar may at any time amend a microfinancier’s registration or any term or condition of its registration⎯ (a) to correct any error; or - 11 -