Question

According to Section 3 of the Factoring Regulation Act,

Q: Answer-According to Section 3 of the Factoring Regulation Act, what is required for a factor to commence or...

Section 3 Registration of Factors No factor shall commence or carry on the factoring business unless it obtains a certificate of registration from the Reserve Bank to commence or carry on the factoring business under this Act.

what is required for a factor to commence or carry on the factoring business?

A A license from the Ministry of Finance

B A certificate of registration from the Reserve Bank

C Approval from the Competition Commission of India

D A certificate of registration from the Securities and Exchange Board of India

E Authorization from the Insurance Regulatory and Development Authority of India

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According to Section 3 of the Factoring Regulation Act,

Solution