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Payment and Settlement Systems Act, 2007

5. Application for authorisation. -

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.

Payment and Settlement Systems Act, 2007 Back

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