The “T+2″ of Online Marketplaces
Online Marktplaces in India are governed by host of RBI and Government regulations. Probably the most important of all those regulations is the Payment and Settlement Act of 2007 (“PSS Act”). The reason why this is important is because it is goverened by RBI, has provisions of Jail term for violations and has huge per day penalties if you default on it. Here I summarize the “T+2″ requirement under this act for online marketplace places






