law: Factoring Regulation Act, 2011 
  Chapter V Registration
  
  of Assignments
  19. Registration of
  
  certain assignments of receivables transactions.-
  1.     
  
    Every
  
  factor shall file, for the purposes of registration, the particulars of every
  
  transaction of assignment of receivables in his favour with the Central
  
  Registry to be set-up under section 20 of the Securitisation and Reconstruction
  
  of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of
  
  2002), within a period of thirty days from the date of such assignment or from
  
  the date of establishment of such registry, as the case may be, in the manner
  
  and subject to payment of such fee as may be prescribed in this behalf.
  Explanation.- For the
  
  purpose of filing of particulars of every transaction of assignment of
  
  receivables with the Central Registry, the receivables may be described
  
  specifically or generally with reference to the debtor, or the period to which
  
  they relate or by any other general description by which such receivables can
  
  be identified.
  1.     
  
  
  2.     
  
    For
  
  the purposes of this Act, a record called the Central Register shall be kept at
  
  the head office of the Central Registry for entering the particulars of the
  
  transactions relating to assignment of receivables in favour of a factor.
  3.     
  
    On
  
  realisation of the assigned receivables or settlement of the claim against the
  
  debtors, the factor shall file satisfaction of the assignment of receivables in
  
  its favour, in such manner and subject to payment of such fees as may be
  
  prescribed in this behalf.
  4.     
  
    The
  
  provisions for registration of transactions contained in the Securitisation and
  
  Reconstruction of Financial Assets and Enforcement of Security Interest Act,
  
  2002 (54 of 2002) and the rules made there under shall, mutatis mutandis, apply
  
  to the record of assignment of receivables in favour of a factor in the Central
  
  Register with the Central Registry.