Section 8
Notice to debtor and discharge of obligation of such debtor.
The Factoring Regulation Act, 2011
About this 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.
Any assignee of a receivable
shall not be entitled to demand payment of the receivable from the debtor in respect of such receivables
unless notice of such assignment is given to the debtor by the assignor or the assignee along with express
authority in its favors granted by the assignor.