Act to apply to designated trade repository and issuer
Section 34A of the Payment and Settlement Systems Act, 2007 deals with act to apply to designated trade repository and issuer. The provisions of this Act shall apply to, or in relation to, a designated trade repository or issuer, as they apply to, or in relation to, payment systems to the extent applicable, subject to the modification that, throughout this Act, unless the context otherwise requires,-- (a) references to a "p The Act came into force on 12 Aug 2008.
1[34A. Act to apply to designated trade repository and issuer.--(1) The provisions of this Act shall apply to, or in relation to, a designated trade repository or issuer, as they apply to, or in relation to, payment systems to the extent applicable, subject to the modification that, throughout this Act, unless the context otherwise requires,--
(a) references to a "payment system" or "system provider" shall be construed as references to a "designated trade repository" or "issuer", as the case may be;
(b) references to "commencement of this Act" shall be construed with reference to--
(i) a designated trade repository, as references to the date on which a trade repository is specified by the Reserve Bank as a designated trade repository; and
(ii) an issuer, as references to commencement of the Payment and Settlement Systems (Amendment) Act, 2015 (18 of 2015).
(2) The Reserve Bank may, on an application by a designated trade repository or otherwise, permit or direct the designated trade repository to provide such other services as are deemed necessary from time to time.
Explanation.--For the purposes of this section, the expression "designated trade repository" shall mean a trade repository or a class of trade repositories, as may be specified by the Reserve Bank from time to time.]
Section 34A, The Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
Questions about Section 34A
What does Section 34A of the Payment and Settlement Systems Act deal with?
Section 34A of the Payment and Settlement Systems Act is headed "Act to apply to designated trade repository and issuer". [34A. Act to apply to designated trade repository and issuer.--(1) The provisions of this Act shall apply to, or in relation to, a designated trade repository or issuer, as they apply to, or in relation to, payment systems to the extent applicable, subject to the modification that, throughout this A
How do I find court cases under Section 34A 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 34A, section 34A Payment and Settlement Systems Act, section 34A 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 34A of the Payment and Settlement Systems Act come into force?
Section 34A of the Payment and Settlement Systems Act, cited as Payment and Settlement Systems Act 34A, 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.