Factoring Services
Abhishek R. Sharma- 22nd July, 2023
What does it tell us?
RBI issues regulations under the amended Factoring Regulation Act, 2011
- The government of India has recently amended the Factoring Regulation Act, 2011 which widens the scope of companies that can undertake factoring business.
- Further, the Act empowers the Reserve Bank of India to make regulations prescribing the manner of granting a certificate of registration and for prescribing the manner of filing of assignment of receivables transactions by TReDS on behalf of the Factors.
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