AI Summary of 13. Definitions (Part 3)
The term "applicant" refers to an individual or entity applying to the Bank for registration as either an ATM deployer or a cash-in-transit (CIT) provider, as defined in section 17. Additionally, the phrase "application for registration" has a specific meaning defined by section 17, and a "holder" signifies the individual or entity possessing such registration.
Within this context, "prescribed" pertains to regulations established by the Bank under the applicable Act. Furthermore, "registration" denotes the official approval granted by the Bank to an ATM deployer or a CIT provider. Should any amendments occur under this Part, "registration" will encompass the amended registration status.
13. Definitions (Part 3)
In this Part -
"applicant" means a person who applies to the Bank for registration as an ATM deployer or a CIT provider, as the case may be, under section 17;
"application for registration" has the meaning given to it by section 17;
"holder" means the holder of a registration;
"prescribed" means prescribed by regulations made by the Bank under this Act;
"registration" means a registration granted by the Bank under this Part to an ATM deployer or a CIT provider, as the case may be, and, if the registration is amended under this Part, means the registration as amended.