Supreme Court: Right to a Speedy Trial Cannot Override NDPS Act Bail Conditions || SC: Relatives Cannot be Implicated in Bigamy Solely Based on Knowledge of a Second Marriage || Supreme Court: Service Inam Land Attached to a Mosque Constitutes Waqf Property and is Inalienable || Supreme Court: Court Cannot Order an Accused to Surrender While Denying Anticipatory Bail || Supreme Court: Landlord’s Legal Heirs May Amend an Eviction Suit to Include Bona Fide Need || Supreme Court: Unsuccessful Party Can Invoke Section 9 of the Arbitration Act Even After an Award || Karnataka High Court: Accused Cannot be Required to Share Live GPS Location as a Condition of Bail || Guj HC: Plaintiff in Specific Performance Suit Must Prove Readiness &Willingness to Perform Contract || Madras HC: Transgenders are Children of God, Tragedy Lies in Society’s Blindness, Not Their Birth || Del HC: False Educational Qualification Declaration does not amount to Corrupt Practice U/S 123(4)

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 :