Ministry of Finance amends Registration of Assignment of Receivables Rules, 2012

The Ministry of Finance vide notification dated May 21, 2018 has amended Rule 6 of the Registration of Assignment of Receivables Rules, 2012 which reads as follows:

 

Sr. No.

Nature of transaction to be registered

Form No.

Amount of fee payable

1

Particulars of assignment of receivables.

Form I

Rs10/- for assignment of receivables of less than Rs 5,00,000/- and Rs100/- for assignment of receivables of Rs 5,00,000 and above

2

Satisfaction of registration on realisation of receivables.

Form II

Nil

3

Any application for information recorded or maintained in the register by any person

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Rs 10/-

4

Any application for condonation of delay up to thirty days.

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Ten times of the basic fee, as applicable.”.

G.S.R. 469(E )]

 

URL:   http://egazette.nic.in/WriteReadData/2018/185737.pdf