Transcription of The Central Bank of Kenya Act
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The Central Bank of Kenya Act
CAP 491 Central bank OF Kenya ACT. LAWS OF Kenya . The Central bank of Kenya Act CHAPTER 491. Note This edition incorporates amendments up To 1st January 2014. PRINTED AND PUBLISHED BY. Central bank OF Kenya . FOR INTERNAL USE ONLY. THE Central bank OF Kenya ACT. ARRANGEMENT OF SECTIONS. PART 1 PRELIMINARY. Section 1. Short title 2. Interpretation PART II ESTABLISHMENT, CONSTITUTION AND OBJECTS. 3. Establishment of bank and legal status 4. Principal object of the bank 4A Other objects of the bank 4B Monetary Policy Statements 4C Consultations on Monetary policy 4D Monetary Policy Committee 5. Head office and branches 6. Agents 7. Exemption from tax PART III CAPITAL AND RESERVES. 8. Authorized Capital of bank 9. General Reserve Fund PART IV MANAGEMENT. 10. Board of Directors 11. Constitution of Board 12.
“microfinance bank” means an institution licensed under the Microfinance Act, 2006 “money remittance operator” means a company incorporated in Kenya whose main object consists of the acceptance of monies for the purpose of transmitting them to persons resident in Kenya or another country as prescribed by the Bank by regulations;
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