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<h1>Section 38 of Payment and Settlement Systems Act updated: 'Committee' now 'Board' in sub-section (2) for governance clarity.</h1> Section 38 of the Payment and Settlement Systems Act, 2007, as amended by the Finance Act, 2017, modifies sub-section (2) by replacing the term 'Committee constituted under sub-section (2)' with 'Board referred to in sub-section (2)' in clause (a). This change updates the terminology to reflect the current governance structure within the Act.