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