Raj HC: Convicted Minor Gang Rapist Not Fully Barred From Open-Air Camps; Rules Allow Exceptions || Calcutta High Court: Serving a Show-Cause Notice Via Email is Valid under PMLA Regulations || Del HC: Candidate’s Independent Medical Opinions Don’t Justify Fresh Medical Exam in SSC Recruitment || Calcutta HC: Magistrate Must Assess Grounds, Cannot Order Police Inquiry under Section 175(3) BNSS || SC Grants Law Officer Exam Relief, Saying Students Can’t be Blamed When Judges Differ in Views || SC: Fraudulent Diversion of Company Funds Cannot be Validated by Later Shareholder Ratification || SC: Doctor’s View on a Victim’s Consciousness Prevails over Police Assessment in Dying Declarations || SC: Examining Contradictions and Witness Credibility Exceeds the Scope of Section 319 CrPC || Supreme Court Struck Down Section 60(4), Removing Limits on Maternity Benefits For Adoptive Mothers || Supreme Court: Air Force Group Insurance Society qualifies as ‘State’ under Article 12

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 :