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    Indian Kanoon > Payment and Settlement Systems Act, 2007

    Payment and Settlement Systems Act, 2007

    Payment and Settlement Systems Act 2007 notes with the latest amendments, footnotes. Get a detailed description of all the sections of the Indian Kanoon Payment and Settlement Systems Act 2007 at easyadvocacy

    Section Title
    Section-
    Preamble Chapter 1
    Section- 1
    Section-1 Short title, extent and commencement Chapter 1
    Section- 2
    Section-2 Definitions Chapter 1
    Section- 3
    Section-3 Designated authority and its Committee Chapter 1
    Section- 4
    Section-4 Payment system not to operate without authorisation Chapter 1
    Section- 5
    Section-5 Application for authorisation Chapter 1
    Section- 6
    Section-6 Inquiry by the Reserve Bank Chapter 1
    Section- 7
    Section-7 Issue or refusal of authorisation Chapter 1
    Section- 8
    Section-8 Revocation of authorisation Chapter 1
    Section- 9
    Section-9 Appeal to the Central Government Chapter 1
    Section- 10
    Section-10 Power to determine standards Chapter 1
    Section- 11
    Section-11 Notice of change in the payment system Chapter 1
    Section- 12
    Section-12 Power to call for returns, documents or other information Chapter 1
    Section- 13
    Section-13 Short title, extent and commencement Chapter 1
    Section- 14
    Section-14 Power to enter and inspect Chapter 1
    Section- 15
    Section-15 Information, etc., to be confidential Chapter 1
    Section- 16
    Section-16 Power to carry out audit and inspection Chapter 1
    Section- 17
    Section-17 Power to issue directions Chapter 1
    Section- 18
    Section-18 Power of Reserve Bank to give directions generally Chapter 1
    Section- 19
    Section-19 Directions of Reserve Bank to be complied with Chapter 1
    Section- 20
    Section-20 System provider to act in accordance with the Act, regulations, etc Chapter 1
    Section- 21
    Section-21 Duties of a system provider Chapter 1
    Section- 22
    Section-22 Duty to keep documents in the payment system confidential Chapter 1
    Section- 23
    Section-23 Settlement and netting Chapter 1
    Section- 24
    Section-24 Settlement of disputes Chapter 1
    Section- 25
    Section-25 Dishonour of electronic funds transfer for insufficiency, etc., of funds in the account Chapter 1
    Section- 26
    Section-26 Penalties Chapter 1
    Section- 27
    Section-27 Offences by companies Chapter 1
    Section- 28
    Section-28 Cognizance of offences Chapter 1
    Section- 29
    Section-29 Application of fine Chapter 1
    Section- 30
    Section-30 Power of Reserve Bank to impose fines Chapter 1
    Section- 31
    Section-31 Power to compound offences Chapter 1
    Section- 32
    Section-32 Act to have overriding effect Chapter 1
    Section- 33
    Section-33 Mode of recovery of penalty Chapter 1
    Section- 34
    Section-34 Act not to apply to stock ex-changes or clearing corporations of stock ex-changes Chapter 1
    Section- 35
    Section-35 Certain persons deemed to be public servants Chapter 1
    Section- 36
    Section-36 Protection of action taken in good faith Chapter 1
    Section- 37
    Section-37 Power to remove difficulties Chapter 1
    Section- 38
    Section-38 Power of Reserve Bank to make regulations Chapter 1

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