TaxTMI 
TaxTMI 
Regulatory mechanism on Micro Finance Institutions operating in private sector
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....egulatory mechanism on Micro Finance Institutions operating in private sector <br>News and Press Release<br>Dated:- 25-11-2016<br><BR>Press Information Bureau Government of India Ministry of Finance....
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.... 25-November-2016 17:25 IST Micro Finance Institutions (MFIs) in India can operate in different forms- Non-Banking Financial Companies - Micro Finance Institutions (NBFC-MFIs), Trusts, Societies etc....
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..... Depending upon the nature of organisational structure, ownership, level of operations etc., MFIs are regulated under extant laws and guidelines of the Reserve Bank of India (RBI) and money lending l....
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....aws of State Governments. RBI regulates microfinance entities which are having corporate (company) legal structures i.e. NBFC-MFIs. NBFC-MFIs are regulated by RBI under the provisions of Chapter IIIB....
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.... of the RBI Act, 1934. RBI has issued regulatory guidelines and Fair Practice Code for these NBFC-MFIs. RBI has given recognition to two Self Regulatory Organisations (SROs). MFIs which are members of....
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.... these Self Regulatory Organisations (SROs) also adhere to a voluntary industry Code of Conduct. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written....
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.... reply to a question in Lok Sabha today. ***** DSM/KA<BR> News - Press release - PIB....