Microfinance Bill, 2012 H.B. 2, 2012 PART V CONDUCT OF CORPORATE MICROFINANCE BUSINESS 18. Application of Part V. 19. Conduct of microfinance and other business by corporate microfinanciers. 20. Board of corporate microfinanciers. 21. Records of transactions. 22. Accounts and financial records of corporate microfinanciers. 23. Audit of accounts of deposit-taking microfinance institutions. PART VI PROVISIONS APPLYING SPECIFICALLY TO MICROFINANCE INSTITUTIONS 24. Application of Part VI. 25. Restriction on type of microfinance business that may be carried on by microfinance institutions. 26. Requirements for lending by microfinance institutions. 27. Employees and agents of microfinance institutions. 28. Restriction on payment of dividends by microfinance institutions. 29. Restriction on other business that may be carried on by deposit-taking microfinance institutions. 30. Restriction on microfinance institutions extending credit to officers, employees and certain shareholders and their relatives. 31. Principal officers of microfinance institution. 32. Alteration of memorandum or articles of association by microfinance institution. 33. Minimum capital and reserves of microfinance institutions. 34. Limits on shareholding and transfer of shares in microfinance institutions. 35. Curatorship and winding up of microfinance institutions. PART VII SUPERVISION OF MICROFINANCIERS 36. Responsibilities of Reserve Bank. 37. Action that may be taken by Reserve Bank where microfinance institution found to have contravened the Act or conditions or registration, etc. 38. Investigation into microfinance institution. -2-