SANSAD TV: BILLS: AN INSIGHT- FACTORING REGULATION (AMENDMENT) ACT, 2021
Introduction: The new law is expected to improve the availability of credit to micro, small and medium enterprises as more non-banking financial companies will now be eligible to offer factoring services to MSMEs. What is factoring? Factoring is a transaction where an entity (like MSMEs) ‘sells’ its receivables ( dues from a customer) to …
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