PA&PG Circular definition
Examples of PA&PG Circular in a sentence
Notwithstanding anything contained herein, the Account Bank may refrain from taking any action which in its opinion, would or might contravene any law in any relevant jurisdiction, and do all such things in its opinion to comply with all Applicable Law (including the RBI Guidelines and PA&PG Circular).
The Company shall not utilize and/or operate the Escrow Account for ‘Cash-on-Delivery’ transactions and limit the operations of the Escrow Account to the transactions as prescribed/permitted under the RBI Guidelines and the PA&PG Circular.
The Escrow Bank hereby agrees to act as such and to accept all payments and other amounts to be delivered to or held by the Escrow Bank pursuant to the terms of this Escrow Agreement and to operate the Escrow Account in terms of this Agreement and as per the RBI Guidelines and PA&PG Circular.
All transactions/payments/settlements shall be made with & in respect of the Registered Merchants only and any transactions initiated to non-registered Merchants shall be rejected on account of incorrect or mismatch of data and/or being in non-compliance to the RBI Guidelines and PA&PG Circular.
The Escrow Bank shall not, in any manner whatsoever, be held liable or responsible by any Person (including the Company) and shall have no liability (of any form or nature whatsoever) on account of taking any action or refraining to take action pursuant to any instructions/direction from the Government Authority/RBI and/or which in its opinion, would or might contravene the applicable provisions of the RBI Guidelines and PA&PG Circular and/or Applicable Laws.
The capitalized terms & expressions used under this Agreement and not defined herein shall have the meaning as respectively ascribed to them under the PA&PG Circular and RBI Guidelines.