The RBI has notified the Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022. The norms prescribe the manner of filing of transactions with the Central Registry by a Trade Receivable Discounting System (TReDS) on behalf of Factors. As per norms, TReDS on behalf of the Factor shall file within 10 days from the date of such assignment or satisfaction with Central Registry the particulars of assignment or satisfaction in prescribed forms.The RBI has notified the Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022. The norms prescribe the manner of filing of transactions with the Central Registry by a Trade Receivable Discounting System (TReDS) on behalf of Factors. As per norms, TReDS on behalf of the Factor shall file within 10 days from the date of such assignment or satisfaction with Central Registry the particulars of assignment or satisfaction in prescribed forms.taxmann.com Latest Statutory HappeningsRead More
