Payment made by debtor to assignor to be held in trust for benefit of assignee in certain cases
Section 10 of the Factoring Regulation Act, 2011 deals with payment made by debtor to assignor to be held in trust for benefit of assignee in certain cases. Where no notice of assignment of receivables is given by the assignor or under his authority by the assignee, any payment made by the debtor in respect of such receivables to the assignor shall be held in trust for the benefit of the assignee which shall be forthwith be paid over to such assignee, a The Act came into force on 02 Apr 2012.
Where no notice of assignment of receivables is given by the assignor or under his authority by the assignee, any payment made by the debtor in respect of such receivables to the assignor shall be held in trust for the benefit of the assignee which shall be forthwith be paid over to such assignee, as the case may be, or its agent duly authorised in this behalf.
Section 10, The Factoring Regulation Act, 2011 (Act 12 of 2012).
Questions about Section 10
What does Section 10 of the Factoring Regulation Act deal with?
Section 10 of the Factoring Regulation Act is headed "Payment made by debtor to assignor to be held in trust for benefit of assignee in certain cases". Where no notice of assignment of receivables is given by the assignor or under his authority by the assignee, any payment made by the debtor in respect of such receivables to the assignor shall be held in trust for the benefit of the assignee which shall be forthwith be paid over to such assignee, a
How do I find court cases under Section 10 of the Factoring Regulation Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Factoring Regulation Act 10, section 10 Factoring Regulation Act, section 10 of the Factoring Regulation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 10 of the Factoring Regulation Act come into force?
Section 10 of the Factoring Regulation Act, cited as Factoring Regulation Act 10, came into force on 02 Apr 2012, having been enacted on 22 Jan 2012. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions1098 words
- 19. Registration of certain assignments of receivables transactions307 words
- 31. Provisions of this Act not to apply or affect in certain cases298 words
- 22. Penalties for non-compliance of direction of Reserve Bank296 words
- 7. Assignment of receivables247 words
- 25. Offences by factors226 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 24 Oct 2026. This page is not a substitute for legal advice.