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Micro Finance
Audit
 
SECTION : 29A Sub-Section (1)
 
Comments :
Non Banking Finance Company and House Building Finance Corporation have been allowed to create reserves to off set bad debt to the extent of 3% of the income for the year.
 
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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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