SC: Exporters with Pending Applications Prior to Rule 96(10) Omission Entitled to IGST Refund || Bombay HC to Scrap Law College Intake Cuts if Mumbai University Follows Prescribed Timelines || Delhi HC Orders Removal of Derogatory Online Content Targeting Actress Tabu || Madras HC Orders Interim Elected Panel to Manage State Bar Council Affairs Until New Committee Forms || Patna HC: Whatsapp Messages Need Section 65B Certificate, Oral Evidence is Insufficient || Allahabad HC: Denying Maintenance That Forces Wife into Destitution Violates Art 21 Right to Dignity || Rajasthan HC Takes Suo Motu Notice of Structural Defects After IIT Bombay Warns Dome May Collapse || Bombay HC: 0.1 Mg Above Alcohol Limit is Insufficient to Warrant a Drunken Driving Trial || Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents || Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed

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 :