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Section6
The Factoring Regulation Act, 2011

Powers of Reserve Bank to give directions and to collect information from factors

In force From 02 Apr 2012 Act 12 of 2012 As on 22 Oct 2026

Act 12 of 2012 Ministry Finance Enacted 22 Jan 2012 In force 02 Apr 2012 Cited by 1 provision

Section 6 of the Factoring Regulation Act, 2011 deals with powers of Reserve Bank to give directions and to collect information from factors. The Reserve Bank may, at any time by general or special order, direct that every factor shall furnish to it, in such form, at such intervals and within such time, such statements, information or particulars relating to factoring business undertaken by the factor, as may be specified by the Reserve B The Act came into force on 02 Apr 2012.

(1) The Reserve Bank may, at any time by general or special order, direct that every factor shall furnish to it, in such form, at such intervals and within such time, such statements, information or particulars relating to factoring business undertaken by the factor, as may be specified by the Reserve Bank from time to time.

(2) The Reserve Bank may, if it considers necessary in the interest of business enterprises availing factoring services or in the interest of factors or interest of other stake holders give directions to the factors either generally or to any factor in particular or group of factors in respect of any matters relating to or connected with the factoring business undertaken by such factors.

(3) If any factor fails to comply with any direction given by the Reserve Bank under sub-section (2), the Reserve Bank may prohibit such factor from undertaking the factoring business:

Provided that before prohibiting any factor from undertaking the factoring business, the factor shall be given a reasonable opportunity of being heard.

Section 6, The Factoring Regulation Act, 2011 (Act 12 of 2012).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 1

  1. s. 22 Penalties for non-compliance of direction of Reserve Bank

Questions about Section 6

What does Section 6 of the Factoring Regulation Act deal with?

Section 6 of the Factoring Regulation Act is headed "Powers of Reserve Bank to give directions and to collect information from factors". The Reserve Bank may, at any time by general or special order, direct that every factor shall furnish to it, in such form, at such intervals and within such time, such statements, information or particulars relating to factoring business undertaken by the factor, as may be specified by the Reserve B

How do I find court cases under Section 6 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 6, section 6 Factoring Regulation Act, section 6 of the Factoring Regulation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 6 of the Factoring Regulation Act, and has it changed?

1 other provision in this corpus refers back to it.

When did Section 6 of the Factoring Regulation Act come into force?

Section 6 of the Factoring Regulation Act, cited as Factoring Regulation Act 6, 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

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 22 Oct 2026. This page is not a substitute for legal advice.