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Lok Sabha Passes Factoring Regulation (Amendment) Bill, 2021 - (27 Jul 2021)


Lok Sabha has passed the Factoring Regulation (Amendment) Bill, 2021 with an aim to liberalize the Factoring Regulation Act, 2011 by widening the scope of entities which can engage in factoring business. The Bill, based on recommendations of UK Sinha Committee, contemplates long-term measures for economic and financial sustainability of the sector.


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