Bare ActsThe Factoring Regulation Act, 2011

Section 4

Provisions of non-banking financial companies apply to factor.

Amendment status not verified — confirm the current text below against the official source.

All provisions of Chapter IIIB of the Reserve Bank of India Act, 1934 (2 of 1934) relating to non-banking financial companies which have been granted a certificate of registration under sub-section (5) of section 45-IA of the Reserve Bank of India Act, 1934 shall (except those specifically provided for under this Act) mutatis mutandis apply to a factor which has been granted a certificate of registration under section 3.

Section 4 – The Factoring Regulation Act, 2011 | DailyLaw.ai