Section 29
Confidentiality of information.
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.
Save as otherwise provided in this Act, or unless required to
do so by an order passed by any Court or Tribunal or any other statutory authority under any provision of
law for the time being in force or for the purpose of recovery of the receivable, a factor shall maintain
confidentiality and shall not disclose to any person information obtained by it from, any assignor, its
present and future customers, its commercial and business activities and the terms of sale between the
assignor and any debtor and other detail about the assignor.