Start learning 50% faster. Sign in now
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
Animesh enters into a short position in a forward contract where the forward price is Rs.25 and spot price at maturity is Rs.30. What will be Animesh’...
Which of the following financial services are offered by GIFT City?
1) Banking
2) Insurance
3) Asset Manag...
According to the Union Budget 2023-24, consider the following statements.
1. Government has recently launched the Aspirational Blocks Programme...
Which of the following is the key feature of the Security Receipts (SRs) issued by ARCs when acquiring stressed assets?
Which of the following is an intangible asset?
When a company's current ratio stands at 2:1, indicating it has double the amount of current assets as liabilities, how does purchasing goods on credit ...
What is a key aspect of ethical decision-making?
Which of the following would have the primary responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately ma...
What was the amount of the Asian Development Bank (ADB) loan provided to India for solid waste management and sanitation under the Swachh Bharat Mission...
The key areas to be monitored under the Revised Prompt Correction Action framework of RBI does not include _____