The patents act,1970: Along with the patents rules,2003 (Bare Act)/ Universal Law Publication

THE PAYMENT AND SEHLEMENT
SYSTEMS ACT, 2007
Introduction
CHAPTER I
PRELIMINARY
Sections ^ 1. Short title, extent and commencement '
2. Definitions
CHAPTER II
"DESIGNATED AUTHORITY AND ITS COMMITTEE
Designated authority and its Committee
CHAPTER III
AUTHORISATION OF PAYMENT SYSTEMS
Payment system not to operate without authorisation Application for authorisation Inquiry by the Reserve Bank
Issue or refusal of authorisation
Revocation of authorisation
Appeal to the Central Government
CHAPTER IV
REGULATION AND SUPERVISION BY THE RESERVE BANK
Power to determine standards
Notice of change in the payment system
Power to call for returns, documents or other information
Access to information
Power to enter and inspect
Information, etc., to be confidential Power to carry out audit and inspection
Power to issue directions
Power of Reserve Bank to give directions generally
Directions of Reserve Bank to be complied with
CHAPTER V
RIGHTS AND DUTIES OF A SYSTEM PROVIDER System provider to act in accordance with the Act, regulations, etc. Duties of a system provider Duty to keep documents in the payment system confidential Settlement and netting
CHAPTER VI
• SETTLEMENT OF DISPUTES Settlement of disputes Dishonour of Electronic Funds Transfer for insufficiency, etc., of funds in the account

CHAPTER VII
OFFENCES AND PENALTIES
26. Penalties
27. Offences by companies 28. Cognizance of offences 29. Application of fine 30. Power of Reserve Bank to impose fines 31. Power to compound offences
CHAPTER VIII
MISCELLANEOUS
32. Act to have overriding effect
33. Mode of recovery of penalty 34. Act not to apply to stock exchanges or clearing corporations i of stock exchanges 35. Certain persons deemed to be public servants 36. Protection of action taken in good faith
37. Power to remove difficulties
38. Power of Reserve Bank to make regulations

THE PAYMENT AND SETTLEMENT SYSTEMS REGULATIONS, 2008
CHAPTER I PRELIMINARY '
Regulations
1. Short title and commencement
■ /
2. Definitions
CHAPTER II
AUTHORISATION OF PAYMENT SYSTEMS
3. Submission of application for authorization for commencing or carrying on a payment system
4. Grant of Authorisation Certificate
CHAPTER III
PAYMENT INSTRUCTIONS AND DETERMINATION OF STANDARDS
5.
CHAPTER IV
FURNISHING OF RETURNS, DOCUMENTS AND OTHER INFORMATION
Submission of Returns, documents etc.
Furnishing of accounts and balance sheets FORM A.—Application Form for Authorisation to Set-up Payment System
FORM B.— Certificate of Authorisation SCHEDULE^—[Regulations, guidlines and instructions for payment instructions—See regulation 5] . . .

THE BOARD FOR REGULATION AND SUPERVISION
OF PAYMENT AND SEHLEMENT SYSTEMS
REGULATIONS, 2008
Regulations /
1. Short title and commencement
2. Definitions
3. Composition of Board 4. Functions and powers of the Board
5. Assistance to the Board
6. Vacation of Office
7. Powers on behalf of the Board by whom to be exercised 8. Applicability of the General Regulations 9. Meetings of the Board and Quorum
10. Constitution of Sub-Committees and Advisory Corrunittees 11. Report to the Central Board