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Micro Finance
Minimum Capital Requirement
 
SECTION : 21
 
Comments :
The threshold for the payment of salary through crossed check or direct transfer of funds increased from Rs. 5,000 to Rs. 10,000.

Similarly the threshold for payment against cash expenses is being increased from Rs. 5,000 to Rs. 10,000.

 
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Definitions
Scope of services broaden
Scope of Investments Enlarged
Area of operation
Minimum Capital Requirements
Licensing-Existing institutions
Suspension of a license
Audit
Extension to MFBs
Liquidity and reserves
Minimum Cash Reserve
Power to remove Directors
Power to suspend the BOD
Limitations to order by the SBP
Prosecution of Directors
Declaration of fidelity

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