Payment and Settlement Systems Acr : Power to carry out audit and inspection. Indian Bare Acts :

Payment and Settlement Systems Acr,2007

Act No : 51

Section : Power to carry out audit and inspection.

16. Power to carry out audit and inspection. - 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.