Principle of debtor protection

Q: When did Section 15 of the Factoring Regulation Act come into force?

Section 15 of the Factoring Regulation Act, cited as Factoring Regulation Act 15, 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.

In force From 02 Apr 2012 Act 12 of 2012 As on 14 Oct 2026

Act 12 of 2012 Ministry Finance Enacted 22 Jan 2012 In force 02 Apr 2012

Section 15 of the Factoring Regulation Act, 2011 deals with principle of debtor protection. Save as otherwise provided in this Act, any assignment of the receivable shall not, without the express consent of the debtor in writing, affect the rights and obligations of the debtor (including the terms and conditions of the contract). The Act came into force on 02 Apr 2012.

(1) Save as otherwise provided in this Act, any assignment of the receivable shall not, without the express consent of the debtor in writing, affect the rights and obligations of the debtor (including the terms and conditions of the contract).
(2) Consequent upon the assignment of receivables, the payment instruction under the contract entered into between assignor and debtor may modify the name of person, address or account to which the debtor is required to make payment, but such instructions shall not modify:—
(a) the amount of debt specified in the original contract; or
(b) the place specified in the original contract at which payment is to be made or in case no such place is mentioned in the contract, the place of payment to a place other than where the debtor is situated; or
(c) the date on which payment is to be made or other terms of the original contract relating to payment.
Section 15, The Factoring Regulation Act, 2011 (Act 12 of 2012).

Questions about Section 15

What does Section 15 of the Factoring Regulation Act deal with?

Section 15 of the Factoring Regulation Act is headed "Principle of debtor protection". Save as otherwise provided in this Act, any assignment of the receivable shall not, without the express consent of the debtor in writing, affect the rights and obligations of the debtor (including the terms and conditions of the contract).

How do I find court cases under Section 15 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 15, section 15 Factoring Regulation Act, section 15 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 15 of the Factoring Regulation Act come into force?

Section 15 of the Factoring Regulation Act, cited as Factoring Regulation Act 15, 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 14 Oct 2026. This page is not a substitute for legal advice.