Statutory definition
factor business
This definition is taken from the act's own definitions section.
the business of acquiring receivables of an assignor by granting assignment of such receivables or financing, whether by way of lending or advances against security interest on any receivables or otherwise, but does not include-
Defined by this section
Factoring Act §2 — Definitions.Appears in these sections
- Factoring Act §6Powers of Reserve Bank to give directions and to collect information from factors.
- Factoring Act §3Registration of factors.
- Factoring Act §25Offences by factors.
- The Maharashtra Municipal Corporations Act, 1949 §2Definitions. - In this Act, unless there be something repugnant in the subject or context,
- The Maharashtra Municipal Councils, Nagar Panchayats And Industrial Townships Act, 1965 §2Definitions
- Uttar Pradesh Tax on Entry of Goods into Local Areas Act, 2007 §2Definitions
- Factoring Act §7Assignment of receivables.
- The Himachal Pradesh Value Added Tax Act, 2005 §2Definitions
- The Central Sales Tax Act, 1956 §2Definitions.
- Himachal Pradesh General Sales Tax Act, 1968 §2Definitions
- Uttarakhand Tax on Entry of Goods Into Local Areas Act, 2008 §2Definitions
Tags
- Factoring Act