Ministry of Finance Department of Financial Services

Publication of notification in part II section 3 sub section ii of the Gazette of India

Issue Date: 06 May 2025 Published: 06 May 2025

Gazette ID: CG-DL-E-06052025-262941 Download PDF

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Core Purpose

Appointment of 9th May, 2025 as the date for sections 152 and 153 of the Finance Act, 2017 to come into force, amending the Payment and Settlement Systems Act, 2007.

Detailed Summary

The Ministry of Finance (Department of Financial Services) issued Notification S.O. 2031(E) on 6th May, 2025. In exercise of the powers conferred by section 151 of the Finance Act, 2017 (7 of 2017), the Central Government appointed the 9th day of May, 2025 as the date on which sections 152 and 153 of the said Finance Act, 2017, which relate to amendments in the Payment and Settlement Systems Act, 2007 (51 of 2007), shall come into force. The notification was issued under File No. 6/7/2017-BO.II and signed by MANASA GANGOTRI KATA, Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-06052025-262941 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1986] NEW DELHI, TUESDAY, MAY 6, 2025/VAISAKHA 16, 1947 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 6th May, 2025 S.O. 2031(E).— In exercise of the powers conferred by section 151 of the Finance Act, 2017 (7 of 2017), the Central Government hereby appoints the 9th day of May, 2025 as the date on which sections 152 and 153 of the said Act, relating to amendments in the Payment and Settlement Systems Act, 2007 (51 of 2007), shall come into force. [F. No. 6/7/2017-BO.II] MANASA GANGOTRI KATA, Director

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