Act Number: 12

Act Name: The Factoring Regulation Act, 2011

Year: 2012

Enactment Date: 2012-01-22

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 1: Short title, extent and commencement.
    (1) This Act may be called the Factoring Regulation Act, 2011.
     (2) It extends to the whole of India.
     (3) It shall come into force on such date 1 as the Central Government may, by notification in the Official Gazette, appoint:
     Provided that different dates may be appointed for different provisions of this Act, and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.
Notes:
1 2nd April, 2012 (Ss. 19, 20, 21, 32), vide notification No. S.O. 711(E), dated 2nd April, 2012, see Gazette of India, Extraordinary, Part II, sec. 3 (ii).
1st February, 2012 (expect ss. 19, 20, 21 and 32), vide notification No. S.O. 1399(E), dated 21st June, 2012, see Gazette of India, Extraordinary, Part II, sec. 3(ii).
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