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Commencement of this Part.

Clause 147 - Bills - AMENDMENTS TO THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 - FINANCE BILL, 2017 - Clause 147 - PART IX AMENDMENTS TO THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 147. The provisions of this Part shall come into force on such date .....

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einafter referred to as the said Act) which provides for the regulation and supervision of payment systems in India. The existing provisions of Chapter II of the said Act relates to Designated Authority and its Committee. It is proposed to substitute .....

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lement systems under the Act. The proposed new Board shall consist of the Governor, Reserve Bank as Chairperson, Deputy Governor Reserve Bank who is in-charge of Payment and Settlement Systems as Member, one officer of the Reserve Bank to be nominate .....

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