Investment by authorised payment system participants permitted in RBI approved payment companies where majority equity is held by NPCI. The amendment recognises investment made by a person authorised under section 4 of the Payment and Settlement Systems Act, 2007 in equity, bonds or debentures of companies engaged in retail or digital payments that are regulatory approved for such operations and in which a national payments corporation holds majority equity; the insertion takes effect on publication in the Official Gazette.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment by authorised payment system participants permitted in RBI approved payment companies where majority equity is held by NPCI.
The amendment recognises investment made by a person authorised under section 4 of the Payment and Settlement Systems Act, 2007 in equity, bonds or debentures of companies engaged in retail or digital payments that are regulatory approved for such operations and in which a national payments corporation holds majority equity; the insertion takes effect on publication in the Official Gazette.
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