Factoring registration requires finance company registration, experienced and fit personnel, adequate infrastructure, financial soundness, and timely business commencement.

Registration to commence factoring business requires an application for a certificate of registration, subject to statutory exemptions. Grant depends on registration under the Finance Company framework, adequate factoring experience of Relevant Persons, infrastructure or capacity to invest in it, fit and proper status, financial soundness, and absence of judicial proceedings for breach of law. Earlier factoring certificates are treated as granted under this framework, and factoring business must commence within six months of registration.

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