section 5
Application for authorisation.
The Payment and Settlement Systems Act, 2007Finance200741 sections8 chapters
Chapter III AUTHORISATION OF PAYMENT SYSTEMS
Statutory text
- (1) Any person desirous of commencing or carrying on a payment system may apply to the Reserve Bank for an authorisation under this Act.
- (2) An application under sub-section (1) shall be made in such form and in such manner and shall be accompanied by such fees as may be prescribed.
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