Section 94: Power to amend Schedules

Microfinance Deposit-Taking Institutions Act · 58

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Consolidated text

(1) The Minister may, by statutory instrument, with the approval of Cabinet, amend Schedule 1 to this Act. (2) The Minister may, by statutory instrument, amend Schedule 2 to this Act. Schedule 1 (Sections 2, 94(1)) Currency point A currency point is equivalent to twenty thousand shillings. Schedule 2 (Sections 6(6), 24(3), 25(2), 27(f), 94(2)) Criteria and procedure for determining whether a person is a fit and proper person to manage, control, become director or substantial shareholder in a microfinance deposit-taking institution

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