How The Factoring Regulation Amendment Bill Will Revolutionize Msme New delhi: parliament on thursday passed the factoring regulation (amendment) bill, 2021, to bring changes in the legislation aimed at helping the msme sector. the bill, that will help the micro, small and medium enterprises (msme) sector in the availability of working capital, was passed in the rajya sabha on thursday. The bill seeks to widen the scope of entities which can engage in factoring business. the factoring regulation (amendment) bill, 2020, was introduced in the lok sabha on september 24, 2020, with a view to liberalise the restrictive provisions in the act and at the same time ensure that a strong regulatory oversight mechanism is put in place.
Explained How Factoring Regulation Amendment Bill 2021 Benefit The Msmeођ Recently, rajya sabha has passed the factoring regulation (amendment) bill, 2021 to bring changes in the legislation aimed at helping the micro, small and medium enterprises (msme) sector. it has incorporated many suggestions from the uk sinha committee. factoring business is a business where an entity acquires the receivables of another entity. Praveen sinha, founder, pincap has said that the msmes are about to enter the new regime with the passage of the factoring regulation (amendment) bill, 2020 by the parliament. The parliament has passed the factoring regulation (amendment) bill, 2021 to bring changes in the legislation aimed at helping the msme sector. the bill, that will help the micro, small and medium enterprises (msme) sector in the availability of working capital, was passed in the rajya sabha on july 29. it was passed by the lok sabha on july 26. The parliament this week passed into law the factoring regulation (amendment) bill, 2020, which is an amended version of the factoring regulation act, 2011. the new law is expected to improve the.
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