Factoring: New Regulations Bring A Revolutionary Change in MSME’s Business
MNS Credit Management Group
JUNE 3, 2022
Factors are obligated to register the details of every transaction or assignment of receivables in their favor under the Act. If they fail to do so, the company and each officer who fails to comply may be fined up to 5,000 rupees each day until the default is resolved. The bill eliminates the 30-day time limit.
Let's personalize your content