Duty D11-YNW, published by Department of Financial Services, Ministry of Finance [D11-YNW]
As at 7 September 2026. In force from 16 December 2012.
Addressee: Every banking company.
Required: Obtain a licence before undertaking the business of banking; apply in Form B, fee five hundred rupees.
Period: Before the activity begins; licence valid three years.
Form: Form B.
Source: Section 6, Factoring Regulation Act, 2012 [S26-7RB].
Penalty provision: Section 26, Factoring Regulation Act, 2012 [S26-8CZ].
Published by: Department of Financial Services, Ministry of Finance.
In force: from 16 December 2012.