Which of the following statements is/are correct with reference to the Factoring Regulation (Amendment) Bill, 2021?

Which of the following statements is/are correct with reference to the Factoring Regulation (Amendment) Bill, 2021?

A. Parliament has passed the Factoring Regulation (Amendment) Bill, 2021 with the Rajya Sabha approving it recently.

B. The bill seeks to amend the Factoring Regulation Act, 2011 to widen the scope of entities which can engage in factoring business.

C. Both A & B

D. None of these

Explanation:

Parliament has passed the Factoring Regulation (Amendment) Bill, 2021 with the Rajya Sabha approving it recently. The bill has already been passed by the Lok Sabha. The bill seeks to amend the Factoring Regulation Act, 2011 to widen the scope of entities which can engage in factoring business.