Permissions for MTSS: Indian agents need regional foreign exchange approval and overseas principals need PSS Act authorisation. Indian agents must obtain permission from the Regional Office of the Foreign Exchange Department of the Reserve Bank to operate under MTSS; the overseas principal must obtain authorisation from the Department of Payment and Settlement Systems under the Payment and Settlement Systems Act.
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Provisions expressly mentioned in the judgment/order text.
Permissions for MTSS: Indian agents need regional foreign exchange approval and overseas principals need PSS Act authorisation.
Indian agents must obtain permission from the Regional Office of the Foreign Exchange Department of the Reserve Bank to operate under MTSS; the overseas principal must obtain authorisation from the Department of Payment and Settlement Systems under the Payment and Settlement Systems Act.
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