Payment and Settlement Systems Acr : Application for authorisation. Indian Bare Acts :

Payment and Settlement Systems Acr,2007

Act No : 51

Section : Application for authorisation.

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.