- 20 Marks
MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs
Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.
Question
Section 58 of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930) prohibits a person from being appointed, elected or from accepting an appointment or election as a Director or Key Management Person of an MFI. Discuss 4 compelling justifications of the disqualification of a person appointed, elected or from accepting an appointment or election as a Director or Key Management Person of an MFI.
(20 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Directors, Disqualification, Key Management, MFIs, Section 58 Act 930
- Level: Level 4
- Topic: Microfinance Institutions Regulation and Supervision
- Series: OCT 2022
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