Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part VIII · Examination and Investigation
102. Report to Minister
Feedback & supportThe Minister charged with the responsibility for a development financial institution or with the responsibility for the subject or matter relating to any of the businesses or activities carried on by a development financial institution may submit a report to the
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;
Minister with a recommendation to examine into the business and affairs of the development financial institution under sections 84 to 86.
business
“business” means any activity carried on for the purpose of gain or profit and includes all property derived from, or used in, or for the purpose of, carrying on such activity and all rights and liabilities arising from such activity;
The State Authority, in the case of—
a development financial institution which is a statutory body established by State law or by any subsidiary legislation made under any State law; or
any other development financial institution which falls under the responsibility, powers, control or jurisdiction of the State Authority, may submit a report to the Minister with a recommendation to examine the business and affairs of the development financial institution under sections 84 to 86.
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