Kerala HC: Online Publication of Interim Orders is Not Valid Service for Contempt Proceedings || MP High Court: Criminal Record Alone Doesn't Attract Organised Crime Charge under BNS || Allahabad HC: Insurance Company Cannot Challenge Welfare Scheme Compensation Through Writ || Supreme Court Proposes Denying Fuel to Vehicles Without Valid Insurance || Supreme Court: Media Can Report Court Proceedings Without Sharing Audio or Video Clips || Supreme Court: Acquits Murder Convict Jailed for 22 Years, Points to Criminal Justice System Failure || Supreme Court Directs Centre to Issue Environmental Compensation Norms under SWM Rules 2026 || Supreme Court: Employee Who Accepts Resignation Benefits Cannot Later Challenge its Acceptance || Supreme Court: Breach of Contract is Not Cheating Unless Fraud Existed From the Outset || Supreme Court: Specific Performance of an Agreement to Sell May be Denied After a Long Delay

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 :