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Which step of closing

Exercise and reference answers

Items
  1. Group
    Before
    Item
    Board resolution
  2. Group
    Before
    Item
    Escrow statement
  3. Group
    During
    Item
    Public notices
  4. Group
    During
    Item
    Monthly reports
  5. Group
    During
    Item
    SMS to users
  6. Group
    After
    Item
    Liability cert
  7. Group
    After
    Item
    Return the CoA
Groups
  1. Item
    Before
  2. Item
    During
  3. Item
    After
Instructions
Drop each item under the stage of a voluntary surrender it belongs to.

Explanation

_Source: RBI Master Directions on Authorisation to operate a Payment System._
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