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Start Free TrialFactoring Regulation Act, 2011, (Central) Section 13
Title: Assignor to Be Trustee of Assignee
State: Central
Year: 2011
Notwithstanding anything to the contrary contained in any other law for the time being in force, where a debtor makes any payment to an assignor which represents payment due on an assigned receivable, such payment shall be deemed to be for the benefit of the assignee, and the assignor shall be deemed to have received the amount of such payment as a trustee of the assignee and the assignor shall make payment of such amount to the assignee.
View Complete Act List Judgments citing this sectionTamil Nadu Municipal Corporations Laws (Amendment) Act, 2011 Complete Act
State: Central
Year: 2011
.....50-A of the 1971 Act, the following Section, shall be inserted, namely:" "50-AA. Special Provisions." Notwithstanding anything contained in this Act or the Rules made or orders issued under this Act, until the ordinary election to be held in the year 2011, the territorial area of the wards of the city, the total number of wards and the total number of councillors shall be the same as they exist before the commencement of the Tamil Nadu Municipal Corporations Laws (Amendment) Act, 2011.". PART-III AMENDMENTS TO THE COIMBATORE CITY MUNICIPAL CORPORATION ACT, 1981 5. Amendment of Section 5. " In Section 5 of the Coimbatore City Municipal Corporation Act, 1981 (Tamil Nadu Act 25 of 1981) (hereafter in this Part referred to as the 1981 Act), in sub-section (1), for the expression "seventy two ", the expression "one hundred" shall be substituted. 6. Amendment of Section 51. " In Section 51 of the 1981 Act " (i) for the marginal heading, the following marginal heading shall be substituted, namely:- "One hundred divisions."; (ii) in sub-section (1), for the expression "seventy two" occurring in two places, the expression "one hundred" shall be substituted. 4......
List Judgments citing this sectionFactoring Regulation Act, 2011, (Central) Complete Act
Title: the Factoring Regulation Act, 2011
State: Central
Year: 2011
.....14 - Liability of debtor in case of an assignor being micro or small enterprises Section 15 - Principle of debtor protection Section 16 - Defences and right of set off of debtor Section 17 - Modification of original contract Section 18 - Breach of contract Chapter V - REGISTRATION OF ASSIGNMENTS Section 19 - Registration of certain assignments of receivables transactions Section 20 - Public inspection Chapter VI - OFFENCES AND PENALTIES Section 21 - Penalties Section 22 - Penalties for non Section 23 - Offences Section 24 - Cognizance of offences Section 25 - Offences by factors Chapter VII - MISCELLANEOUS Section 26 - Provisions of this Act to override other laws Section 27 - Application of other laws not barred Section 28 - Limitation Section 29 - Confidentiality of information Section 30 - Power to exempt Section 31 - Provisions of this Act not to apply or affect in certain cases Section 32 - Power of Central Government to make rules Section 33 - Laying of rules Section 34 - Power to remove difficulties Section 35 - Amendments to certain enactments Schedule - THE SCHEDULE
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