Central Government, specifies Cash Replenishment Agencies (CRA’s) and franchise agents of White Label Automated Teller Machine Operators (WLATMO’s) after consultation with the Reserve Bank of India - 68/2019 - Income Tax Act, 1961
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Specification of Cash Replenishment Agencies and WLATMO franchise agents requires dedicated ATM replenishment accounts and monthly reconciliation certificates. The Central Government specifies Cash Replenishment Agencies and franchise agents of White Label ATM Operators as covered entities provided they maintain a separate bank account used only for ATM replenishment and that the WLATMO furnishes a monthly certificate to the bank certifying that those accounts have been examined and withdrawals reconciled with cash deposited in the ATMs; the notification is deemed effective from the first day of September, 2019.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specification of Cash Replenishment Agencies and WLATMO franchise agents requires dedicated ATM replenishment accounts and monthly reconciliation certificates.
The Central Government specifies Cash Replenishment Agencies and franchise agents of White Label ATM Operators as covered entities provided they maintain a separate bank account used only for ATM replenishment and that the WLATMO furnishes a monthly certificate to the bank certifying that those accounts have been examined and withdrawals reconciled with cash deposited in the ATMs; the notification is deemed effective from the first day of September, 2019.
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