Q: What are the rules regarding issue of license ?

Ans: Rules Regarding Issue of Licence : 

a) Application for licence (Rule 8). The following persons may apply for grant of licence to issue electronic signature certificate : 

An individual, being a citizen of India and having a capital of ` 5 crore or more in his business or profession ;

A company having (i) paid up capital of not less than ` 5 crore, and (ii) net worth of not less than ` 50 crore ;However, the company in which the equity share capital held in aggregate by the non-resident Indians, foreign institutional investors, or foreign companies, exceeds 49% of its capital, shall not be eligible for the grant of licence ;

A firm having capital subscribed by all partners of not less than ` 5 crore and net worth of not less than ` 50 crore ; However, the firm, in which the capital held in aggregate by any non-resident Indian and foreign national, exceeds 49% of its capital, shall not be eligible for grant of licence ;

Central Government or a State Government or any of the Ministries or Departments, Agencies or Authorities of such Governments.

b) Submission of application (Sec. 22 and Rule 10). Every application for the issue of a licence shall be in such form as may be prescribed by the Central Government and shall be accompanied by : 

A Certificate Practice Statement (CPS) ;

A statement including the procedures with respect to identification of the applicant ;

Payment of non-refundable fee of ` 25,000 ;

Such other documents as may be prescribed by the Central Government.

c) Validity of licence (Rule 13). A licence shall be valid for a period of 5 years from the date of its issue and the licence shall be non-transferable or non-heritable.

d) Issuance of licence (Sec. 24 and Rule 16)
Note. For details refer point 3 of para 8.3.

e) Renewal of licence (Sec. 23 and Rule 15). An application for renewal of a licence shall be 
in such form as prescribed by the Central Government accompanied by payment of non-refundable fee of ` 25,000 and made not less than 45 days before the date of expiry of the period of validity of licence.

f) Suspension of licence (Sec. 25 and Rule 14)
Note. For details refer point 4 of para 8.3
No Certifying Authority whose licence has been suspended shall issue any electronic signature certificate during such suspension.[ Section 25(3)]

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