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Factoring Regulation Act
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.
| Act Id | 201212 |
| Act Number | 12 |
| Enactment Date | 2012-01-22 |
| Act Year | 2012 |
| Ministry | Ministry of Finance |
| Enforcement Date | 02-04-2012 |
- PRELIMINARY
- REGISTRATION OF FACTORS
- ASSIGNMENT OF RECEIVABLES
- RIGHTS AND OBLIGATIONS OF PARTIES TO CONTRACT FOR ASSIGMENT OF RECEIVABLES
- 11 Rights and obligations of parties to contract for assignment of receivables
- 12 Liability of debtor
- 13 Assignor to be trustee of assignee
- 14 Liability of debtor in case of an assignor being mircro or small enterprises
- 15 Principle of debtor protection
- 16 Defences and right of set off of debtor
- 17 Modification of original contract
- 18 Breach of contract
- REGISTRATION OF ASSIGNMENTS
- OFFENCES AND PENALTIES
- MISCELLANEOUS
- 26 Provisions of this Act to override other laws
- 27 Application of other laws not barred
- 28 Limitation
- 29 Confidentiality of information
- 30 Power to exempt
- 31 Provisions of this Act not to apply or affect in certain cases
- 32 Power of Central Government to make rules
- 33 Laying of rules
- 34 Power to remove difficulties
- 35 Amendments to certain enactments
