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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

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Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Mar 31, 2022

Registration of Factors (Reserve Bank) Regulations, 2022

RBI introduced the Registration of Factors (Reserve Bank) Regulations, 2022 (‘Regulations’) under the Factoring Regulation Act, 2011 (‘Factoring Act’) which are effective from January 17, 2022. The salient features of the Regulations are:

  1. Any entity which registers itself as a Non-Banking Financial Company – Factor (‘NBFC-Factor’) under the Regulations is required to ensure that its financial assets from the factoring business constitute at least 50% of its total assets, and its income derived from the factoring business is at least 50% of its gross income (‘Principal Business Criteria’); and
  2. Any existing Non-Banking Financial Company – Investment and Credit Company (‘NBFC-ICC’) can apply for registration as an NBFC-Factor if it complies with the eligibility criteria set out in the Regulations. Any existing NBFC-ICC which does not meet these criteria but intends to undertake factoring business can apply for conversion from NBFC-ICC to NBFC-Factor and has to comply with the Principal Business Criteria.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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