The Factoring Regulation Act, 2011

THE SCHEDULE

(See section 35)

Year Act No. Short Title Amendment

1899 2 The Indian Stamp Act,

1899

After section 8C,the following section

shall be inserted, namely:—

„8D. Agreement or document for

assignment of receivables not liable to

stamp duty.—

Notwithstanding anything contained in

this Act or any other law for the time being

in force, any agreement or other document

for assignment of “receivables” as defined

in clause (p) of section 2 of the Factoring

Regulation Act, 2011 in favour of any

“factor” as defined in clause (i) of section 2

of the said Act shall not be liable to duty

under this Act or any other law for the time

being in force.‟.

1908 5 The Code of Civil

Procedure, 1908

In Order XXXVII, in rule 1, in sub-rule

(2), in clause (b), after sub-clause (iii), the

following sub-clause shall be inserted,

namely:—

“(iv) suit for recovery of receivables

instituted by any assignee of a receivable.”.

1934 2 The Reserve Bank of

India Act, 1934

In clause (d) of sub-section (1) of section 8,

for the words “one Government officials”

the words “two Government officials” shall

be substituted.

2005 30 The Credit Information

Companies (Regulation)

Act, 2005

In section 2, in clause (f), after sub-clause

(ii), the following sub-clause shall be

inserted, namely:—

“(iia) a factor as defined under clause (i)

of section 2 of the Factoring Regulation

Act, 2011.”.