# The Factoring Regulation Act, 2011, Section 5: Requirement for registration as a factor not to apply to bank or Statutory corporation or Government company

- Act: The Factoring Regulation Act, 2011 (Act 12 of 2012)
- In force from: 2012-04-02
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/factoring-regulation-act-2011/section/5/

## Text

Nothing contained in section 3 shall apply to a bank or any corporation established under an Act of Parliament or State Legislature, or a Government Company as defined under section 617 of the Companies Act, 1956 (1 of 1956).

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