Skip to content

CS Professional · Banking and Insurance - Laws and Practice · Digital Banking

Meera Finance Ltd. accepted a Digital Signature Certificate. Later, a bank relying on the certificate finds that a statement Meera Finance made to the CA at application was false. Under Section 41(2), what does the subscriber certify to those who reasonably rely on the certificate?

By accepting the certificate, the subscriber certifies to all who reasonably rely on it that all representations made to the Certifying Authority and all material relevant to the information in the certificate are true, as Section 41(2)(b) states. A false statement breaches this.

  1. AThat all representations made to the CA and all material relevant to the information in the certificate are trueCorrect
  2. BThat only the representations made by the CA are true
  3. CThat the relying party has verified the information independently
  4. DThat the certificate cannot be revoked by the CA

Explanation

Section 41(2)(b) provides that by accepting a certificate the subscriber certifies to those who reasonably rely on it that all representations made to the CA and all material relevant to the certificate's information are true. Hence the false statement breaches this certification.

Did you get it right without looking?

One question tells you little. A timed set on Digital Banking shows your real accuracy, how long you take and where you lose marks.

Practise Digital BankingFree diagnostic mock

More Digital Banking questions