| 1.
| | Short title and date of operation |
| 2.
| | Establishment of the Microfinance and Credit Regulatory Authority |
| 3.
| | Objects of the Authority |
| 4.
| | Powers, duties and functions of the Authority |
| 5.
| | Constitution of the Board of Directors |
| 6.
| | Chairperson of the Authority |
| 7.
| | Disqualifications from being a member of the Authority |
| 8.
| | Term of office
of appointed
members of the
Board |
| 9.
| | Removal,
resignation etc.
of appointed
members |
| 10.
| | Quorum and
meetings of the
Board |
| 11.
| | Acts or
proceedings of
the Board deemed
not to be invalid
by reason of any
vacancy |
| 12.
| | Remuneration of
the members of
the Board, experts
or officials |
| 13.
| | Seal of the
Authority |
| 14.
| | Branches of the Authority |
| 15.
| | Delegation of any power or function by the Authority |
| 16.
| | Agreements with
other institutions |
| 17.
| | Director-General of the Authority |
| 18.
| | Staff of the Authority |
| 19.
| | Secondment of
officers of the
Central Bank to
the staff of the
Authority |
| 20.
| | Licensed persons
to carry out a
moneylending
business |
| 21.
| | Prohibition against holding out as a licensed moneylender |
| 22.
| | Application for a licence |
| 23.
| | Issue of a licence |
| 24.
| | Renewal of a licence |
| 25.
| | Conditions of the
licence |
| 26.
| | Display of licence at places of business |
| 27.
| | Refusal to grant or renew a licence |
| 28.
| | Cancellation of a licence issued |
| 29.
| | Voluntary cancellation of a licence |
| 30.
| | Upon cancellation, moneylender to surrender the licence |
| 31.
| | Forms of business
that may be
carried out by a
moneylender |
| 32.
| | Licensed persons to carry on the Microfinance business |
| 33.
| | Specific directives for microfinance institutions |
| 34.
| | Regulatory approval |
| 35.
| | Informing certain events to the Director-General |
| 36.
| | Act continue to
apply in case
of liquidation,
dissolution or
winding up |
| 37.
| | Directives to licencees |
| 38.
| | Authority may make rules or issue directives |
| 39.
| | Regulatory actions |
| 40.
| | Disqualification for holding office |
| 41.
| | Licencees to provide documents or information |
| 42.
| | Examination of licencees |
| 43.
| | Duty to comply
with any
requirement
imposed under
this Part |
| 44.
| | Not to engage in
banking business,
finance business
or microfinance
business |
| 45.
| | Formulation
of guidelines
in customer
protection |
| 46.
| | Obligations of a licencee |
| 47.
| | No agreement to
be entered with a
minor |
| 48.
| | The loan agreement |
| 49.
| | Actions prohibited by a licencee |
| 50.
| | Credit counseling centers |
| 51.
| | Handling
of customer
complaints made
to the Authority |
| 52.
| | Customer due diligence requirements |
| 53.
| | Responsibilities of customers |
| 54.
| | Powers of
investigation in
addition to powers
of examination |
| 55.
| | Investigation of offences |
| 56.
| | Court order to obtain information |
| 57.
| | Impounding
of passports
of persons
investigated |
| 58.
| | Compounding of
offences |
| 59.
| | Offences by employees |
| 60.
| | Penalty for contravention of the Act |
| 61.
| | Fund of the Authority |
| 62.
| | Financial year and audit of accounts |
| 63.
| | Application of
Part II of the
Finance Act, No.
38 of 1971 |
| 64.
| | Secrecy on transactions |
| 65.
| | Secrecy of information |
| 66.
| | Posting deemed to be proper notice |
| 67.
| | Central Bank to
issue guidelines to
the Authority |
| 68.
| | Register of
licencees |
| 69.
| | List of
licencees to be
published |
| 70.
| | Use of the
words "credit",
"microcredit",
"lending",
"lenders"
"moneylenders"
and
"microfinance" in
business names |
| 71.
| | Obligations of media institutions |
| 72.
| | Licensed
microfinance
institutions
deemed to
be "credit
institutions" for
the purpose of
CRIB Act |
| 73.
| | Proof of grant of a
licence |
| 74.
| | Certified copies
to be accepted
as evidence of
originals |
| 75.
| | Licencees
exempted under
Money Lending
Ordinance |
| 76.
| | Defence in
criminal or civil
proceedings |
| 77.
| | Expenses incurred
to be paid out of
the Fund |
| 78.
| | Authority deemed
to be a Scheduled
Institution within
the meaning of the
Anti-Corruption
Act |
| 79.
| | Members, officers
and employees
of the Authority
deemed to be
public servants |
| 80.
| | Persons carrying
on the business of
moneylending to
continue business
for twenty four
months |
| 81.
| | Repeal of the
Microfinance Act |
| 82.
| | Institutions
licensed under
the Microfinance
Act deemed to
be licensed under
this Act |
| 83.
| | Interpretations |
| 84.
| | Sinhala text to
prevail in case of
inconsistency |