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Micro Finance
Power to suspend BODs
 
SECTION : 111 Sub-Section (2), (4)
 
Comments :
The mischief of this section is being restricted whereby no addition on account of unexplained income or assets can be made which relates to the period beyond preceding five tax years or assessment years.
 
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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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