Section 9, Factoring Regulation Act, 2012 [S26-7VD]
As at 6 September 2026. In force from 16 December 2012.
9. Power to issue directions.—(1) The Reserve Bank may, by order in writing, direct any financial institution to take such measures in relation to the business of a financial institution as may be specified in the order, and such person shall comply with the direction within the period specified therein. (2) An order under sub-section (1) shall state the reasons on which it is made and shall be served on the person to whom it is addressed in such manner as may be prescribed.
Defined terms in this text (2)
financial institution: Section 2, Factoring Regulation Act, 2012 [S267MK] (In this Act, unless the context otherwise requires,—): "financial institution" means a financial institution as defined in clause (c) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934)
financial institution: 25 more definitions.
Reserve Bank: Section 2, Factoring Regulation Act, 2012 [S267MK] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)
Reserve Bank: 24 more definitions.
Made under this section, or naming it (1)
Factoring Regulation (Security interest Control) Order, 2018 [N14-622], 14 May 2018, in force. Recital: "In exercise of the powers conferred by section 9 of the Factoring Regulation Act, 2012 (12 of 2012), the Central Government hereby makes the following Order, namely:"
Cited by (0)
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Not held (0)
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Duties published under this section (0)
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