www.lawcommission.gov.np Authority under Clauses (a) and (b) is found to be unreasonable, give order of revocation of licence of the Certifying Authority. (3) The Certifying Authority shall be liable to a reasonable compensation for the damage and loss caused to anybody by the reason of the intentional or negligent act or activities of the Certifying Authority or its employees, as the case may be, or by the reason of noncompliance of any order made under the Act, these Rules or by the Controller. (4) The compensation referred to in Sub-rule (3) shall be deducted from the bank guarantee of the Certifying Authority given under Clause (d) of Sub-rule (2) of Rule 12. (5) The bank guarantee, equivalent to the amounts leftover after the deduction for compensation under Sub-rule (4), shall have to be release within Fifteen days from the date of revocation of a licence. 21. Certifying Authority may stop the Business: Any certifying Authority may, by fulfilling the following procedures, stop the business relating to certification: (a) By giving a written notice to the Controller prior to at least Ninety days from the date on which the business relating to certification is intended to stop or the time-limit of a licence of the Certifying Authority is expired; (b) By publishing, prior to at least Sixty days from the date on which the business is intended to stop after giving a notice under Clause (a), a public notice thereof in the national-level daily newspaper; (c) By giving a notice that the business is going to be stopped by it prior to at least Sixty days of the stopping of the business to all the subscribers operated under it and other Certifying Authorities 14 www.lawcommission.gov.np

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