Factoring Law Amendments backed by Standing Committee
-Megha Mittal [finserv@vinodkothari.com] In the backdrop of the expanding transaction volumes, and with a view to address the still prevalent delays in payments to sellers, especially MSMEs, the Factoring Regulation (Amendment) Bill, 2020 (‘Amendment Bill’) was introduced in September, 2020, so as to create a broader and deeper liquid market for trade receivables. The proposed […]