Licence surrender after suspension or revocation: non-compliance triggers an offence and a monetary penalty for the licence holder. Licence surrender is immediately required when a Certifying Authority's licence is suspended or revoked. Failure to surrender the licence to the ... Summary
The Jan Vishwas (Amendment Of Provisions) Act, 2023
Licence surrender after suspension or revocation: non-compliance triggers an offence and a monetary penalty for the licence holder.
Licence surrender is immediately required when a Certifying Authority's licence is suspended or revoked. Failure to surrender the licence to the Controller is an offence by the person in whose favour the licence was issued and attracts a penalty that may extend to five lakh rupees. The monetary penalty framework replaced the earlier sanction of imprisonment, fine, or both from 30 November 2023.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.