International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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FACTORING BUSINESS IN INDIA – A CRITICAL ANALYSIS

    2 Author(s):  DR. SANEEM FATIMA , MD. AIJAZ KHAN

Vol -  7, Issue- 1 ,         Page(s) : 40 - 50  (2016 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Factoring is a continuous arrangement between a financial institution and a company which sells goods and services to trade customers on credit. As per this arrangement, the factor purchases the client’s trade debts including accounts receivable either with or without recourse to the client and administers the sales ledger, collection of debt, credit investigation, undertaking of the credit risk, provision of finance against debt and rendering consultancy services risk of his client. The paper is aimed to give an overview of factoring business in India and focus on the meaning, history, functions, advantages, limitations, and Factoring Act, 2011.

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