law: Factoring Regulation Act, 2011 
  31. Provisions of
  
  this Act not to apply or affect in certain cases.-
  1.     
  
    The
  
  provisions of this Act shall not apply to any assignment of receivables arising
  
  under or from the following transactions, namely:
  a.      any merger,
  
  acquisition or amalgamation of business activities or sale or change in the
  
  ownership or legal status of the business;
  b.     transactions on any
  
  stock exchange or commodities exchange regulated by the Securities and Exchange
  
  Board of India constituted under the provisions of the Securities and Exchange
  
  Board of India Act, 1992(15 of 1992) or by the Forward Markets Commission under
  
  the Forward Contracts (Regulation) Act, 1952 (74 of 1952), respectively;
  c.      financial contracts
  
  governed by netting agreements, except a receivable owed on the termination of
  
  all outstanding transactions;
  d.     foreign exchange
  
  transactions except receivables in any foreign currency;
  e.      inter-bank payment
  
  systems, inter-bank payment agreements or clearance and settlement systems
  
  relating to securities or other financial assets or instruments;
  f.      bank deposits;
  g.     a letter of credit or
  
  independent guarantee;
  h.      rights and
  
  obligations of any person under the law governing negotiable instruments,
  
  negotiable warehouse receipts under the Warehousing (Development and
  
  Regulation) Act, 2007 (37 of 2007) or to instruments which are for the time
  
  being, by law or custom negotiable or any mercantile document of title to
  
  goods;
  i.       sale of goods or
  
  services for any personal, family or household use;
  j.       any assignment of
  
  loan receivables by a bank or non-banking financial company to another bank or
  
  non-banking financial company;
  k.      securitisation
  
  transactions (including assignment of receivables to special purpose vehicles
  
  or trusts that issue securities against such receivables, bought from a single
  
  debtor or single group of debtors).
  2.     
  
    Nothing
  
  contained in this Act shall affect the rights and obligations of a consumer,
  
  manufacturer, trader or service provider under the provisions of the Consumer
  
  Protection Act, 1986 (68 of 1986).