section 9
Appeal to the Central Government.
The Payment and Settlement Systems Act, 2007Finance200741 sections8 chapters
Chapter III AUTHORISATION OF PAYMENT SYSTEMS
Statutory text
- (1) Any applicant for an authorisation whose application for the operation of the payment system is refused under sub-section (3) of section 7 or a system provider who is aggrieved by an order of revocation under section 8 may, within thirty days from the date on which the order is communicated to him, appeal to the Central Government.
- (2) The Central Government shall endeavour to dispose of an appeal under sub-section (1) within a period of three months.
- (3) The decision of the Central Government on the appeal under sub-section (1) shall be final.
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