Surrender of Authorisation

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....urrender the authorisation issued to it shall submit the following documents to the Authority: a. A request in writing by its authorised signatory along with a copy of the resolution of its Board of Directors approving a proposal to surrender such authorisation along with the reason for and intent behind such surrender. b. A certificate from its Chartered Accountant about the num....

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.... such a request communicate its decision to the Payment Service Provider. 4. The Authority may advise the Payment Service Provider to initiate certain actions including: a. Issue a public notice in English, Hindi and a vernacular language, in print/visual media, on 3 different occasions, informing the Payment Service Users / Merchants about its intent to surrender its payment ser....

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....pleting the process of extinguishing the liability to the Payment Service Users/ Merchants, the Payment Service Provider shall submit a 'No liability' certificate issued by its statutory auditor. 6. The Payment Service Provider shall submit the original Certificate of Authorisation to the Authority for cancellation. B. For a Payment Service Provider that has yet to commence operations ....