law: Factoring Regulation Act, 2011 
  6. Powers of Reserve
  
  Bank to give directions and to collect information from factors.-
  1.     
  
    The
  
  Reserve Bank may, at any time by general or special order, direct that every
  
  factor shall furnish to it, in such form, at such intervals and within such
  
  time, such statements, information or particulars relating to factoring
  
  business undertaken by the factor, as may be specified by the Reserve Bank from
  
  time to time.
  2.     
  
    The
  
  Reserve Bank may, if it considers necessary in the interest of business
  
  enterprises availing factoring services or in the interest of factors or
  
  interest of other stake holders give directions to the factors either generally
  
  or to any factor in particular or group of factors in respect of any matters
  
  relating to or connected with the factoring business undertaken by such
  
  factors.
  3.     
  
    If
  
  any factor fails to comply with any direction given by the Reserve Bank under
  
  sub-section (2), the Reserve Bank may prohibit such factor from undertaking the
  
  factoring business: Provided that before prohibiting any factor from
  
  undertaking the factoring business, the factor shall be given a reasonable
  
  opportunity of being heard.