The Viewpoint Factoring An Overview

Bar & Bench September 4 2012

By Divij Kishore and Mohit Bhatia

Introduction

Prior to the enactment and notification of the Factoring Regulation Act, 2011 (“Factoring Act”) and the Registration of Assignment of Receivables Rules, 2012 (“Factoring Rules”) on January 22, 2012, there was no specific statute which provided the legal framework for factoring in India. The Factoring Act applies to domestic as well as cross border factoring of receivables and clarifies that any assignment of receivable shall be . . .

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