Discussion Forum : Nabard & Other Bank Examinations
Question -
When was the Factoring Regulation Act passed in India?
Answer: Option A
THE PARLIAMENT OF INDIA HAS PASSED THE FACTORING REGULATION BILL IN 2011.ANY COMPANY CAN COMMENCE FACTORING BY OBTAINING REGISTRATION FROM THE RBI AS A NON-BANKING FINANCE COMPANY. SUCH REGISTRATION SHALL BE GOVERNED BY THE EXISTING LAW APPLICABLE TO NBFCS AS WELL AS THE NEW FACTORING REGULATION ACT, 2011.
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THE PARLIAMENT OF INDIA HAS PASSED THE FACTORING REGULATION BILL IN 2011.ANY COMPANY CAN COMMENCE FACTORING BY OBTAINING REGISTRATION FROM THE RBI AS A NON-BANKING FINANCE COMPANY. SUCH REGISTRATION SHALL BE GOVERNED BY THE EXISTING LAW APPLICABLE TO NBFCS AS WELL AS THE NEW FACTORING REGULATION ACT, 2011.
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