Payment and Settlement Systems Act, 2007
9. Appeal to the
Central Government. -
1.
Any
applicant for an authorisation whose application for the operation of the
payment system is refused under sub-section (3) of section 7 or a system
provider who is aggrieved by an order of revocation under section 8 may, within
thirty days from the date on which the order is communicated to him, appeal to
the Central Government.
2.
The
Central Government shall endeavour to dispose of an appeal under sub-section
(1) within a period of three months.
3.
The
decision of the Central Government on the appeal under sub-section (1) shall be
final.