Abstract

Factoring is a consistent game plan between a budgetary establishment and an organization that offers products and ventures to exchange clients on layaway. According to this course of action, the factor buys the customer’s exchange obligations incorporating records of sales either with or without response to the customer and directs the business record, assortment of obligation, credit examination, the undertaking of the credit hazard, the arrangement of money against obligation and delivering consultancy administrations danger of his customer. The paper is intended to give a diagram of factoring business in India and spotlight on the significance, history, capacities, points of interest, constraints, and Factoring Act, 2011.