Mode of acceptance of payments: amendment allows prescribed electronic modes for taking loans and deposits above threshold. Amendment adds a rulemaking power to permit other electronic modes for taking or accepting certain loans, deposits and specified sums, supplementing ... Summary
Mode of acceptance of payments: amendment allows prescribed electronic modes for taking loans and deposits above threshold.
Amendment adds a rulemaking power to permit other electronic modes for taking or accepting certain loans, deposits and specified sums, supplementing existing account payee cheque, account payee bank draft and electronic clearing through a bank account; effective from 1st September, 2019.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.