Section 9
Appeal to the Central Government.
The Payment and Settlement Systems Act, 2007
About this Act
An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto.
(1) Any applicant for an authorisation whose application
for the operation of the payment system is refused under sub-section (3) of section 7 or a system provider
who is aggrieved by an order of revocation under section 8 may, within thirty days from the date on
which the order is communicated to him, appeal to the Central Government.
(2) The Central Government shall endeavour to dispose of an appeal under sub-section (1) within a period of three months.
(3) The decision of the Central Government on the appeal under sub-section (1) shall be final.
(2) The Central Government shall endeavour to dispose of an appeal under sub-section (1) within a period of three months.
(3) The decision of the Central Government on the appeal under sub-section (1) shall be final.