Reetu | Oct 21, 2022 |

RBI Revoked Certificate of Authorisation of GI Technology Private Limited

The Reserve Bank of India (RBI) has revoked the Certificate of Authorisation (CoA) of the below mentioned Payment System Operator (PSO), in exercise of the powers conferred on it under Section 8 of the Payment and Settlement Systems Act, 2007.

Following the revocation of the CoA, the company cannot transact the business of issuance and operation of Prepaid Payment Instruments. However, customers or merchants having a valid claim, if any, on the company as PSO, can approach the company for settlement of their claims.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button

Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"

Tags: News, RBI, RBI Press Release, Reserve Bank of India, Revocation, Studycafe

Author Bio

Name: Reetu

Designation: Content Manager

Company: Studycafe

Location: Delhi, India

Total Posts: 7414

Reetu is a Content Writer with 3+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM(Honrs.) Graduate.

My Recent Articles

GST Council exempts Hostels and Accommodation Services: Benefit primarily given to Students; Says FM Monetary Limits Fixed for GST Appeal by Department Self Invoices done under RCM: GST Council gives major relaxation u/s 16(4) Key Recommendations made by 53rd GST Council Meeting How 45 paisa Travel Insurance can provide Relief Up to Rs. 10 lakh View All Posts