# The Payment and Settlement Systems Act, 2007, Section 16: Power to carry out audit and inspection

- Act: The Payment and Settlement Systems Act, 2007 (Act 51 of 2007)
- In force from: 2008-08-12
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/payment-settlement-systems-act-2007/section/16/

## Text

The Reserve Bank may, for the purpose of carrying out its functions under this Act, conduct or get conducted audits and inspections of a payment system or participants thereof and it shall be the duty of the system provider and the system participants to assist the Reserve Bank to carry out such audit or inspection, as the case may be.

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