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Section 2: Definitions

The Payment and Settlement Systems Regulations, 2008Central Regulations · 2007

(1) In these regulations, unless, the context otherwise requires :-

(a) 'Act' means the Payment and Settlement Systems Act, 2007 (51 of 2007);

(b) 'Bank' means the Reserve Bank of India constituted by the Reserve Bank of India Act, 1934 (2 of 1934);

(c) 'Authorisation Certificate' means the certificate containing the authorisation issued by the Bank under sub-section (1) of Section 7 of the Act.

(2) All other words and expressions used herein and not defined, but defined in the Act or the Reserve Bank of India Act, 1934 (2 of 1934) shall have the meanings respectively assigned to them in those Acts.

2 Chapter II Authorisation of Payment Systems

Where this provision sits

ActThe Payment and Settlement Systems Regulations, 2008
Section2
Marginal noteDefinitions
JurisdictionCentral
StatusIn force as published by the source

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