Question
Which of the following entities is considered a "factor"
according to the Factoring Regulation Act, 2011?Solution
Explanation: Section 2 Definitions: (i) “factor” means a non-banking financial company as defined in clause (f) of section 45-I of the Reserve Bank of India Act, 1934 which has been granted a certificate of registration under sub-section (1) of section 3 or anybody corporate established under an Act of Parliament or any State Legislature or any Bank or any company registered under the Companies Act, 1956 engaged in the factoring business.
Which of the following fruit is not suitable for jam making?
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An application of the accounting principles to the business of farming is:
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