Bare ActsThe Payment and Settlement Systems Act, 2007

Section 20

System provider to act in accordance with the Act, regulations, etc.

Amendment status not verified — confirm the current text below against the official source.

Every system provider shall operate the payment system in accordance with the provisions of this Act, the regulations, the contract governing the relationship among the system participants, the rules and regulations which deal with the operation of the payment system and the conditions subject to which the authorisation is issued, and the directions given by the Reserve Bank from time to time.

Amended up to 2019-03-25View on India Code →
Section 20 – The Payment and Settlement Systems Act, 2007 | DailyLaw.ai