Section 34

Power to remove difficulties.

The Factoring Regulation Act, 2011

  • Act 12 of 2012
  • Ministry of Finance
  • Department of Financial Services
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.

All sections
    (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in Official Gazette, make such provisions not inconsistent with the provisions of this Act, as may appear to be necessary for removing the difficulty:
     Provided that no order shall be made under this section after the expiry of a period of two years from the commencement of this Act.
     (2) Every order made under this section shall be laid, as soon as may be, after it is made, before each House of Parliament.
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