The Factoring Regulation Act `2012
An Act to provide for and regulate assignment of receivables by making provision for registration there for and rights and obligations of parties to contract for assignment of receivables and for matters connected therewith or incidental thereto.
List of Chapters & Sections
PRELIMINARY
REGISTRATION OF FACTORS
ASSIGNMENT OF RECEIVABLES
RIGHTS AND OBLIGATIONS OF PARTIES TO CONTRACT FOR ASSIGMENT OF RECEIVABLES
- 11Rights and obligations of parties to contract for assignment of receivables
- 12Liability of debtor
- 13Assignor to be trustee of assignee
- 14Liability of debtor in case of an assignor being mircro or small enterprises
- 15Principle of debtor protection
- 16Defences and right of set off of debtor
- 17Modification of original contract
- 18Breach of contract
REGISTRATION OF ASSIGNMENTS
OFFENCES AND PENALTIES
MISCELLANEOUS
- 26Provisions of this Act to override other laws
- 27Application of other laws not barred
- 28Limitation
- 29Confidentiality of information
- 30Power to exempt
- 31Provisions of this Act not to apply or affect in certain cases
- 32Power of Central Government to make rules
- 33Laying of rules
- 34Power to remove difficulties
- 35Amendments to certain enactments