Supreme Court: Wait-Listed Candidates Have No Vested Right After List Expiry || SC: Reserved Candidates Scoring Above General Cut-Off Must be Considered For Open Posts || SC: AICTE Regulations Do Not Govern Direct Recruitment of Engineering Professors by State PSCs || Supreme Court: High Courts To Decide Article 226(3) Applications Within Two Weeks || SC: State Agencies are Competent To Probe Corruption Cases Against Central Government Officers || Allahabad High Court: Wife May Claim Education Expenses; Adverse Inference If Husband Hides Income || Patna High Court: Cruelty Claims Against In-Laws are Unlikely Without Shared Residence or Interaction || Patna HC: Aadhaar and GPS-Based Attendance For Medical College Faculty Does Not Violate Privacy || Allahabad HC: Victim Compensation under POCSO Act Cannot be Withheld For Lack of Injury Report || MP HC: Diverting Goods From Delivery Point is Misappropriation under S.407 IPC

Expiry of Certificate of Authorization (CoA)- (Reserve Bank of India) (20 Oct 2016)

MANU/RPRL/0259/2016

Banking

Under the Payment and Settlement Systems Act, 2007, The Reserve Bank of India had issued Certificate of Authorization (CoA) to M/s Done Card Utility Ltd and M/s OSS Payment Solutions Pvt. Ltd to operate semi-closed pre-paid payment instruments services. The CoA were valid till October 31, 2013 and December 31, 2013 respectively. On expiry of the COA, these entities can no longer transact the business of semi-closed pre-paid payment instruments services in India under the Payment and Settlement Systems Act, 2007 and contravention, if any, would attract penal action under the said Act.

Tags : EXPIRY CERTIFICATE AUTHORIZATION

Share :