Question
Where any Trade receivables are financed through Trade
Receivables Discounting System (TReDS); the concerned TReDS on behalf of a factor, shall within a period of ___________. days from the date of such assignment or satisfaction thereof can file with the Central Registry the relevant details.Solution
As per the Circular of RBI dated 14.01.2022 Registration of assignments of receivables transactions (1) Where any trade receivables are financed through a Trade Receivables Discounting System (TReDS); the concerned TReDS on behalf of the Factor shall, within a period of ten days, from the date of such assignment or satisfaction thereof, as the case may be, file with the Central Registry the particulars of (a) Assignment of receivables in favor of a Factor in Form I, which shall be authenticated by the authorized person using a valid electronic signature. (b) Satisfaction of any assignment of receivables on the full realization of the receivables in Form II, which shall be authenticated by the authorized person using a valid electronic signature. (2) If the particulars referred in the sub-regulation (1) are not filed within the period specified therein, the Central Registrar may, on being satisfied on an application made in this behalf stating the reasons for the delay, allow the said particulars to be filed within such additional time not exceeding ten days as he may specify, upon payment of the fee as prescribed by GoI in Registration of Assignment of Receivables Rules, 2012, as amended from time to time. (3) Every Form for registration of any transaction relating to assignment of receivables or satisfaction of receivables on realization shall be accompanied by the fee, as prescribed by GoI in Registration of Assignment of Receivables Rules, 2012, as amended from time to time, to be paid to the Central Registrar in the manner as may be specified by the Central Registrar from time to time
What is the rate of interest % per annum?
I. The difference between the compound interest and the simple interest on an amount Rs 20,000 in two y...
Retailer gained how much by selling his products in November 2017?
Statement I: He earned 25% more profit in December 2017 as compared to Octobe...
P, Q and R together invested an amount of Rs. 55,000 in the ratio of 5:2:4 for different period of time. What was the amount of profit earned by...
What is the area of the square?
I. The diagonal of the square is the 6√3m.
II. The perimeter of the square is 48m.
What is the time taken by the boat to travel 48 km in still water?
Statement I: Â The boat travels 36 km upstream and 60 km downstream in 6 hour...
What is the value of number x ?
I. The HCF of x and 16 is 8.
II. The LCM of ...
What is the labeled price of the article?
Statement I: The profit earned would be 20% if no discount is offered.
Statement II: The SP af...
By selling a product for Rs.520 how much profit was earned?
I. 12% discount on the market price.
II. The profit was one- third of the cost price.
What was the total compound interest on a sum after three years?
Statement I - The interest after one year was Rs. 200 and the...
The earnings of 'Akash' and 'Bittu' are in the ratio 3:7, respectively. Determine the savings of 'Bittu', considering that his expenses equal 'Akash's i...