Chandigarh suspends Ola’s aggregator licence for six months after regulatory action related to compliance. According to the report, the administration issues repeated notices to the company and conducts compliance reviews. The suspension is linked to alleged failure to respond to regulatory directives, which the administration says prompted the decision. The measure effectively restricts Ola’s ability to operate under its aggregator licence in Chandigarh during the suspension period. The report attributes the move to non-compliance and lack of adequate responses to guidance issued by regulators, rather than to a specific incident. The suspension remains in force for the stated six-month term, subject to any further process under Chandigarh’s regulatory framework. The company’s response, including whether it will appeal or seek corrective steps, is not detailed in the provided source.
Chandigarh suspends Ola aggregator licence for six months
Chandigarh suspends Ola’s aggregator licence for six months after regulatory action related to compliance. According to the report, the administration issues repeated notices to the company and conduc...
- Chandigarh suspends Ola’s aggregator licence for six months.
- The suspension follows repeated regulatory notices and compliance reviews.
- The administration cites alleged failure to respond to regulatory directives.
- The action restricts Ola’s operations under its aggregator licence in Chandigarh during the suspension period.
- The report presents the decision as compliance-related rather than tied to a specific single incident.
Licence suspended after repeated notices, compliance reviews and alleged failure to respond to regulatory directives.
2 months agoLicence suspended after repeated notices, compliance reviews and alleged failure to respond to regulatory directives.
2 months ago
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