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Section 2: Definitions

Registration of Assignment of Receivables Rules 2012 under Factoring Regulation Act 2011Central Rules · 2012

(1) In these rules, unless the context otherwise requires,-

(a) "Act" means the Factoring Regulation Act, 2011 (12 of 2012);

(b) -'Central Register"* means the register kept and maintained under section 22 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securih Interest AeL 2002 (54 of 2002);

(c) "Central Registrar" means a person appointed as such under sub­ section (J) of section 21 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002);

(d) "Central Registry" means the Central Registry set up under section 20 of the Securitisation and Reconstruction oi" Financial Assets and Enforcement oi' Security Interest Act. 2002 (54 of 2002).

(e) "Forms" means the Forms annexed to the rules.

(2) The words and expressions used in these rules and not defined shall have the meaning respectively assigned to ihein in the Factoring Regulation Act, 201 1 or the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. 2002 (54 of 2002) or the Information Technology Act, 2000 (21 of 2000), as the case may he.

Where this provision sits

ActRegistration of Assignment of Receivables Rules 2012 under Factoring Regulation Act 2011
Section2
Marginal noteDefinitions
JurisdictionCentral
StatusIn force as published by the source

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