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Certifying Authority shall not be more than Six months from the date on
which the said Authority has obtained a licence of certification.
19.
Procedures to be followed upon Suspension of Licence: (1) If the
circumstance warrants to suspend a licence of any Certifying Authority
under Section 20 of the Act, the Controller shall have to fulfill the
following procedures:
(a)
To ask the Certifying Authority a
written
explanation in relation to divergence found in the
documents, details, financial and physical sources
submitted at the time of issuance of a licence ;
(b)
To ask the Certifying Authority a justification of
cash and other financial sources owned by the
Certifying Authority for the purpose of making
investigation in relation to divergence found in
capital structure submitted at the time of issuance
of licence ;
(c)
To cause the bank account, remained in the name of
such a Certifying Authority or its relatives, to be
frozen until the justification of financial sources is
received under Clause (b).
(2) Where an explanation is asked in writing under Clause (a) of
Sub-rule (1), the Certifying Authority shall have to submit an
explanation in writing to the Controller within Three days from the date
on which such an explanation is so asked.
(3) The Controller may, if he/she deems a reasonable ground to
suspend a licence of the Certifying Authority by the actions taken under
Sub-rule (1), suspend the licence of such a Certifying Authority.
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