Reserve Bank of India (RBI) on 22nd January 2021 released Discussion Paper on Revised Regulatory Framework for NBFCs – A Scale-Based Approach for public comments, which covered a wide range of revisions in the applicable NBFC Framework including but not limited to a structure based on scale, net owned fund requirements, board structure, corporate governance, […]
I. INTRODUCTION Survival of business depends on smooth operations, precisely the need for liquidation of funds. Focusing on the said issue, India for the very first time adopted a consolidated legal framework to be known as Factoring Regulation Act, 2011 (‘Act’) governing the factoring transactions in the country. The basics of factoring transaction can be […]
