Investment in Micro Finance: Regulatory Environment and its Implications for choice of Legal Form by Microfinance Institutions in India

TABLE OF CONTENTS
Acknowledgement;
Abstract;
List of tables;
One Structural Evolution of Microfinance Institutions in India;
Two Review of Legal Text and Framework for Various Institutional Forms;
2.1 Societies registration act, 1860;
2.2 Indian trusts act, 1882;
2.3 Not-for-profit Companies Registered under the Section 25 of;
2.4 Non Banking Finance Companies (NBFCs);
2.5 Nidhi Companies;
2.6 Banking Regulation Act as applicable to Cooperatives;
2.7 State Acts on Mutually Aided Cooperative Societies;
2.8 Producer Companies Act (proposed);
2.9 Conclusion: Institutional Issues with MFIs in India;
Three Statutory Requirements;
3.1 Capitalisation, Capital Adequacy and Equity Capital;
3.2 Leverage And Institutional Debt;
3.3 External Borrowing;
3.4 Grants and Subsidised Lending;
3.5 Foreign Direct Investment (FDI);
3.6 Capital Markets;
3.7 Disclosures;
Four Techno-Managerial Capacity Requirements;
4.1 Governance & Institutional Linkages;
4.2 Human Resource Management;
4.3 Management Information System (MIS);
4.4 Financial Management And Accounting Policies;
4.5 Internal Audit and Control;
4.6 The Importance Of Management Systems to MFI Operations;
Five International Experience ofthe Effect of the Regulatory Framework;
Annex 1 A Discussion on the Moneylender's Act;
Annex 2 Exemptions available to companies registered under Section 25;
References;
List of Abbreviations.