Order the road to an authorisation
Exercise and reference answers
- Steps
- Entity applies on the RBI portal
- Auditor certifies the net-worth
- Fit and proper test is applied
- Certificate of authorisation issues
- Conditions are monitored
- Breach may revoke the certificate
- Instructions
- Tap the steps in the order they occur.
Explanation
_Source: RBI Master Directions on Authorisation to operate a Payment System_