The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system?

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NA

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Reserve Bank of India Act–1934

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. Banking Companies (Acquisition and Transfer of Undertakings) Act–1970

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Banking Regulation (Companies) Rules, 1949

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Payment and Settlement Systems Act (PSS Act), 2007

1.	The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system?
A.	Reserve Bank of India Act–1934
B.	. Banking Companies (Acquisition and Transfer of Undertakings) Act–1970
C.	Banking Regulation (Companies) Rules, 1949
D.	Payment and Settlement Systems Act (PSS Act), 2007
Answer» E.

The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system?

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