SC: Revisional Jurisdiction Cannot Correct Factual Errors Despite Alleged Concealment || Supreme Court: Wrong Statement in Pleadings is Not Always a False Statement, Perjury Case Quashed || SC: Under JJ Act, Murder Falls Within Heinous Offences; S. 302 IPC Prescribes Minimum Life Sentence || Supreme Court: Cognisance of FERA Complaint is Invalid Without Prior Notice to the Accused || Supreme Court: Terror Cases Cannot Curtail Constitutional Safeguards and the Right to Fair Trial || Supreme Court: Terror Cases Cannot Curtail Constitutional Safeguards and the Right to Fair Trial || SC Upheld Husband's Conviction For Murdering His Wife over an Extramarital Affair || J&K&L High Court: Mere Admission of Issuing Cheque is Not a Plea of Guilt under S.138 NI Act || Calcutta HC: Aadhaar Card Prima Facie Establishes Occupation; Demolition Without Notice is Unlawful || Gauhati High Court: Wildlife Law Doesn't Bar Trade in Unprotected Ornamental Fish Species

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 :