Section 17: Modification of original contract.

Q: What does Section 17 of The Factoring Regulation Act, 2011 (TFRA) deal with?

Section 17 TFRA pertains to "Modification of original contract.". It is part of the The Factoring Regulation Act, 2011, a legislation enacted by the Parliament of India. Section 17 of The Factoring Regulation Act, 2011 (TFRA) governs modification of original contract. As verified on 19 May 2026.

Q: Is Section 17 TFRA still in force?

Yes, Section 17 of the The Factoring Regulation Act, 2011 is currently in force across the Republic of India.

Q: What is धारा 17 TFRA?

धारा 17 TFRA is the Devanagari Hindi reference for Section 17 of the The Factoring Regulation Act, 2011. Section 17 of The Factoring Regulation Act, 2011 (TFRA) governs modification of original contract. As verified on 19 May 2026.

Q: What is Dhara 17 TFRA?

Dhara 17 TFRA is the Roman Hindi reference for Section 17 of the The Factoring Regulation Act, 2011. "Dhara" means "Section" in Hindi. Section 17 of The Factoring Regulation Act, 2011 (TFRA) governs modification of original contract. As verified on 19 May 2026.

Q: How to cite Section 17 of The Factoring Regulation Act, 2011?

Cite as: "Section 17, The Factoring Regulation Act, 2011 (TFRA)" in legal briefs. For academic writing, use the BlueBook format: The Factoring Regulation Act, 2011, § 17 (India).

Law on Tips Editorial Board

(1) Any agreement made before service of notice, under section 8, of the assignment of a receivable between the assignor and the debtor that affects the assignee's rights in respect of that receivable shall be effective as against the assignee, and the assignee shall acquire rights in the assigned receivables, as modified by such agreement.

(2) Any agreement made, after notice of the assignment between the assignor and the debtor that affects the assignee's rights, shall be ineffective as against the assignee unless,—

(a) the assignee consents to it; or

(b) the receivable is not fully earned by performance and either the modification is provided for in the original contract or, in the context of the original contract, a reasonable assignee would consent to the modification.

(3) Nothing contained in sub-sections (1) and (2) shall affect any right of the assignor or the assignee arising from breach of an agreement between them.