Parliament of the Republic of India - The Payment and Settlement Systems Act, 2007

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This is an act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and provide for matters connected. The act has provisions for the following topics:

1. Designated Authority and Its Committee
2. Authorization of Payment Systems
3. Regulation and Supervision by the Reserve Bank
4. Rights and Duties of a System Provider
5. Settlement of Disputes
6. Offenses and Penalties

 

 

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2008
Date of Document: 
Tuesday, August 12, 2008
Document Authors: 
Parliament of the Republic of India
Language (This Document): 
English

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