Lok Sabha today passed a bill to regulate the factoring business and help the micro, small and medium enterprises in dealing with liquidity problems. The Regulation of Factors (Assignment of Receivables) Bill 2011, which was passed by voice vote, was introduced in the House by Finance Minister Pranab Mukherjee during the last Budget Session. "The bill is applicable to all types of industry whether it is small, medium or big", Minister of State for Finance Namo Narayan Meena said, winding up the discussion on the bill.

Source - http://www.financialexpress.com