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    Mra Act, 2006

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    Shuvo Exception
    The document discusses the Micro Credit Regulatory Authority Act of 2006 in Bangladesh. It establishes an authority to regulate microcredit programs and ensure transparency and accountability of microcredit organizations. It outlines the formation of the board of directors, responsibilities of the authority, requirements for microcredit organizations, and punishments for offenses.

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    Mra Act, 2006

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    Shuvo Exception
    54 views13 pages
    The document discusses the Micro Credit Regulatory Authority Act of 2006 in Bangladesh. It establishes an authority to regulate microcredit programs and ensure transparency and accountability of microcredit organizations. It outlines the formation of the board of directors, responsibilities of the authority, requirements for microcredit organizations, and punishments for offenses.

    Original Description:

    it's about micro finance act

    Original Title

    Mra Act,2006

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    The document discusses the Micro Credit Regulatory Authority Act of 2006 in Bangladesh. It establishes an authority to regulate microcredit programs and ensure transparency and accountability of microcredit organizations. It outlines the formation of the board of directors, responsibilities of the authority, requirements for microcredit organizations, and punishments for offenses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    54 views13 pages

    Mra Act, 2006

    Uploaded by

    Shuvo Exception
    The document discusses the Micro Credit Regulatory Authority Act of 2006 in Bangladesh. It establishes an authority to regulate microcredit programs and ensure transparency and accountability of microcredit organizations. It outlines the formation of the board of directors, responsibilities of the authority, requirements for microcredit organizations, and punishments for offenses.

    Copyright:

    © All Rights Reserved
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    You are on page 1of 13

    Welcome to the Session

    On
    MRA Act,2006
    The law has been enacted to establish an
    authority and formulate rules on related
    matters for efficient regulation of micro credit
    programs ensuring transparency and
    accountability in the activities of micro credit
    organizations operating in Bangladesh

    -
    1. Title: Micro Credit Regulatory Authority
    Act,2006

    2. Definitions: Financing agency/


    Deposit/Authority/Client/Poor/Board of
    Directors/ Micro Credit Organization( Certified
    to operate micro credit program under this act
    registered under (a) The Societies
    Registration Act, 1860 (b) The Trust Act,1882
    The Voluntary Social Welfare Agencies
    Ordinance, 1961 (d) Cooperative Societies
    Act, 2001 (e) Company Act,1994/Micro Credit
    5. Formation of the Board of Directors
    (a) Governor of BB- Chairman of the BoD
    (b) Six GO
    Executive Vice Chairman- MS of BoD

    7. Head Office of the Authority

    8. Meeting BoD shall fix its rule of business

    9. Responsibilities and Activities of the Authority


    5. Formation of the Board of Directors
    (a) Governor of BB- Chairman of the BoD
    (b) Six GO
    Executive Vice Chairman- MS of BoD

    7. Head Office of the Authority

    8. Meeting BoD shall fix its rule of business

    9. Responsibilities and Activities of the Authority


    10. Executive Vice chairman

    - To be appointed by the Government


    - EVC shall be executive chief of the authority
    and will be responsible for implementing the
    decisions of the BoD

    11. Officers-Employees

    12. Fund of the Authority


    - To be appointed by the Government
    - EVC shall be executive chief of the authority
    and will be responsible for implementing the
    decisions of the BoD

    11. Officers-Employees
    13. Annual Budget Description

    14. Accounting and Auditing


    -The authority shall maintain its accounts
    properly and prepare an annual report
    - Auditor General shall examine the
    accounts of the Authority

    15. Certificate
    Without the certificate of the authority , no
    micro credit organization shall run any
    micro credit program
    18. Payment of annual fees by the micro credit
    organization

    19. Depositor Security fund


    The authority shall form and maintain a
    depositor security fund in order to secure the
    depositors of the micro credit institution
    20. Change of the constitution
    21. Publishing list of institutions
    22. Accounts and Budget of micro credit
    institutions
    24. Authority and activities of micro credit
    institutions
    24. Authority and activities of micro credit
    institutions

    -
    26. Shutting
    The High Court Division can order shutting of
    any micro credit institution on the basis of
    the petition of the Authority if

    (a) the certificate is cancelled


    (b) the institution becomes unable to pay its
    liabilities
    the institution receives punishment for
    violating any provisions of this Act

    27. Chief Executive of the micro credit institution


    28. Disqualification for being a member of Board
    of Directors, CEO of a micro credit institution

    29. Removal of a member of BoD, CEO of a micro


    credit institute
    30. Reserve Fund
    31. Offering of Dividend
    32. Receipt of Deposit
    No micro credit institution can receive any
    deposit from anybody other than its
    members.
    35. Punishment for some offences
    35. Punishment for some offences

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