Section 16: Power to carry out audit and inspection.

Q: What does Section 16 of The Payment and Settlement Systems Act, 2007 (TPSSA) deal with?

Section 16 TPSSA pertains to "Power to carry out audit and inspection.". It is part of the The Payment and Settlement Systems Act, 2007, a legislation enacted by the Parliament of India. Section 16 of The Payment and Settlement Systems Act, 2007 (TPSSA) governs power to carry out audit and inspection. As verified on 22 May 2026.

Q: Is Section 16 TPSSA still in force?

Yes, Section 16 of the The Payment and Settlement Systems Act, 2007 is currently in force across the Republic of India.

Q: What is धारा 16 TPSSA?

धारा 16 TPSSA is the Devanagari Hindi reference for Section 16 of the The Payment and Settlement Systems Act, 2007. Section 16 of The Payment and Settlement Systems Act, 2007 (TPSSA) governs power to carry out audit and inspection. As verified on 22 May 2026.

Q: What is Dhara 16 TPSSA?

Dhara 16 TPSSA is the Roman Hindi reference for Section 16 of the The Payment and Settlement Systems Act, 2007. "Dhara" means "Section" in Hindi. Section 16 of The Payment and Settlement Systems Act, 2007 (TPSSA) governs power to carry out audit and inspection. As verified on 22 May 2026.

Q: How to cite Section 16 of The Payment and Settlement Systems Act, 2007?

Cite as: "Section 16, The Payment and Settlement Systems Act, 2007 (TPSSA)" in legal briefs. For academic writing, use the BlueBook format: The Payment and Settlement Systems Act, 2007, 2007, § 16 (India).

Law on Tips Editorial Board

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.