Factoring Services

Factoring Services

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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