RBI prescribes the manner of filing of particulars of transactions by a TReDS on behalf of Factors

Notification no. No. DOR.FIN.081/CGM(JPS)–2022., Dated: 14.01.2022

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. If the particulars as required is not filed within the prescribed time Central Registry allow an additional time not exceeding ten days, upon payment of the fee as prescribed by GoI in Registration of Assignment of Receivables Rules, 2012.

Further, every Form for registration of any transaction relating to assignment of receivables or satisfaction of receivables on realisation shall be accompanied by the fee, as prescribed by GoI in Registration of Assignment of Receivables Rules, 2012

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