(1) Every system provider shall be bound to submit to the Bank such returns, documents and other information as may be required by the Bank from time to time.
(2) 2 1 The word “system provider” substituted with “system participant” vide Gazette Notification No. CG-MH-E-17022022-233551 dated February 16, 2022.
2 Regulation 6 (2) omitted vide Gazette Notification No. CG-MH-E-17022022-233551 dated February 16, 2022.
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(2) The returns and documents as required by the Bank under sub-regulation (1) above shall be submitted by the system provider in the form specified by the Bank from time to time.3
(3) The returns and documents under sub-regulation (1) shall be submitted by the system provider from its registered office to the office of the Bank (Department of Payment and Settlement Systems, Central Office) situated in Mumbai.4
Provided that the Bank may at any time, direct that the returns and documents under sub-regulation (1) be submitted to any other office of the Bank as may be specified.5