Duties of a system provider
Section 21 of the Payment and Settlement Systems Act, 2007 deals with duties of a system provider. Every system provider shall disclose to the existing or potential system participants, the terms and conditions including the charges and the limitations of liability under the payment system, supply them with copies of the rules and regulations governing the operation of the payment system, netting The Act came into force on 12 Aug 2008.
(1) Every system provider shall disclose to the existing or potential system participants, the terms and conditions including the charges and the limitations of liability under the payment system, supply them with copies of the rules and regulations governing the operation of the payment system, netting arrangements and other relevant documents.
(2) It shall be the duty of every system provider to maintain the standards determined under this Act.
Section 21, The Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
Questions about Section 21
What does Section 21 of the Payment and Settlement Systems Act deal with?
Section 21 of the Payment and Settlement Systems Act is headed "Duties of a system provider". Every system provider shall disclose to the existing or potential system participants, the terms and conditions including the charges and the limitations of liability under the payment system, supply them with copies of the rules and regulations governing the operation of the payment system, netting
How do I find court cases under Section 21 of the Payment and Settlement Systems Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Payment and Settlement Systems Act 21, section 21 Payment and Settlement Systems Act, section 21 of the Payment and Settlement Systems Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 21 of the Payment and Settlement Systems Act come into force?
Section 21 of the Payment and Settlement Systems Act, cited as Payment and Settlement Systems Act 21, came into force on 12 Aug 2008, having been enacted on 20 Dec 2007. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.