Regulatory Alerts2024-12-26
Added
DFIM Circular Letter No. 42: Determination of the maximum age limit of employees for direct recruitment in finance companies
The document increases the maximum age limit for direct recruitment of employees in finance companies from 30 to 32 years to align with Government Ordinance No. 11, 2024. This directive explicitly revokes DFIM Circular No. 04 dated June 27, 2013, while validating actions already taken under that previous circular. The instruction is issued under Section 41(2)(g) of the Finance Companies Act, 2023, and takes immediate effect.
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