Title : Powers of Reserve Bank to Give Directions and to Collect Information from Factors
State : Central
Year : 2011
(1) the reserve bank may, at any time by general or special order, direct that every factor shall furnish to it, in such form, at such intervals and within such time, such statements, information or particulars relating to factoring business undertaken by .....
View Complete Act List Judgments citing this sectionTitle : Registration of Factors
State : Central
Year : 2011
(1) no factor shall commence or carry on the factoring business unless it obtains a certificate of registration from the reserve bank to commence or carry on the factoring business under this act. (2) every factor shall make an application for .....
View Complete Act List Judgments citing this sectionTitle : the Factoring Regulation Act, 2011
State : Central
Year : 2011
preamble - the factoring regulation act, 2011 chapter i - preliminary section 1 - short title, extent and commencement section 2 - definitions chapter ii - registration of factors section 3 - registration of factors section 4 - provisions of non section 5 .....
List Judgments citing this sectionTitle : Offences by Factors
State : Central
Year : 2011
(1) where an offence under this act has been committed by a factor, every person who at the time the offence was committed was in charge of and was responsible to, the factor, for the conduct of the business of the factor, as well as the factor, shall be .....
View Complete Act List Judgments citing this sectionTitle : Registration of Factors
State : Central
Year : 2011
chapter ii registration of factors
View Complete Act List Judgments citing this sectionTitle : the Factoring Regulation Act, 2011
State : Central
Year : 2011
the factoring regulation act, 2011 [act no. 12 of 2012] [22nd january, 2012] preamble an act to provide for and regulate assignment of receivables by making provision for registra ation therefor and rights and obligations of parties to contract for .....
View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 2011
in this act, unless the context otherwise requires,- (a) "assignment" means transfer b by agreement, of undivided interest of any assignor in any receivable due from any debtor in favour of a factor and includes an assignment where either the assignor or .....
View Complete Act List Judgments citing this sectionTitle : the Schedule
State : Central
Year : 2011
the schedule (see section 35) year act no. short title amendment 1899 2 the indian stamp act, 1899. after section 8c, the following section shall be inserted, namely:-'8d. agreement or document for assignment of receivables not liable to stamp duty:- .....
View Complete Act List Judgments citing this sectionTitle : Penalties for Non
State : Central
Year : 2011
(1) if any factor fails to comply with any direction issued by the reserve bank under section 6, the reserve bank may impose a penalty which may extend to five lakh rupees and in the case of a continuing offence, with an additional fine which may extend .....
View Complete Act List Judgments citing this sectionTitle : Registration of Certain Assignments of Receivables Transactions
State : Central
Year : 2011
every factor shall file, for the purposes of registration, the particulars of every transaction of assignment of receivables in his favour with the central registry to be set-up under section 20 of the securitisation and reconstruction of financial assets .....
View Complete Act List Judgments citing this section