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srilawsby aturio
As enacted
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Part VIII · Microfinance Non-Governmental Organizations

20. Non-governmental organization to apply for a certificate of registration

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

A non-governmental organization registered under the Voluntary Social Service Organizations

(Registration and Supervision) Act, No.31 of 1980 is eligible to apply for a certificate of registration as a microfinance non-governmental organization (hereinafter referred to as the “microfinance NGO”).

(2)

Every application for a certificate of registration as a microfinance NGO shall be made to the Registrar of

Voluntary Social Service Organizations (in this Part referred to as the “Registrar”) in such form and in compliance with the requirements for such registration, together with such information, as may be specified by the Registrar from time to time by rules made in that behalf.

(3)

The Registrar may, on receipt of such application, make such enquiries and call for such further information and documents as he considers necessary and if he is satisfied that-

(i)

the applicant has complied with the criteria for registration as may be laid down by the Registrar from time to time by rules made in that behalf; and

(ii)

registration of the applicant would not be detrimental to the interests of its creditors and other stakeholders,shall issue a certificate of registration as a microfinance NGO, subject to such terms and conditions as the Registrar may think fit or where he is not so satisfied, reject the application and issue such directions as he may deem necessary.

Read on from s 21

Part IX

Principles, Standards and Guidelines Laid Down by the Board

Read on from Part IX

Part X

Immunity from Prosecution

Read on from Part X

Part XI

General

Read on from Part XI

Schedules