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CERSAI
- Cersai
Learn about CERSAI, the central registry of securitisation...
- Cersai
Feb 2, 2024 · CERSAI. Central Registry of Securitisation Asset. Reconstruction and Security Interest of India. Home. Entity Registration. Public Search. Fee Structure FAQs Downloads Notifications Contact Us Media. External Links. CERSAI.
May 30, 2024 · Using CERSAI Login, the general public can perform an asset based search in the central register by paying a nominal fee. In addition to this CERSAI Login also enables the general public in undertaking an debtor based search in the central register by paying the requisite fee.
- Anirudh Singh Chauhan
Learn about CERSAI, the central registry of securitisation and asset reconstruction transactions in India, and its role in KYC compliance.
- Legal Requirement For Registration on Cersai
- Sai 2.0- Entity Registration Process
- Conclusion
The objective behind setting up of CERSAI is to have a centralised database for security interests provided in favour of financial institutions. For this purpose, various regulations require the financial/lending institutions to register creation of security interest, which are as follows:
The Entity Registration functionality shall be accessible on the CERSAI 2.0 portal. In order to register details of security interest and access various functionalities available on the portal, entities must be registered. Post implementation of chapter IV-A of SARFAESI Act entities are broadly classified into three main categories – 1. Secured Cre...
The new portal has come up with the solutions to technical flaws in the existing portal. However, it is yet to be seen if the CERSAI 2.0 brings some revolutionary change or is it just limited to technical upgradations. The CERSAI has also stopped taking registration requests till the new portal goes live. The registration process may have other kni...
Objectives, Registration. CERSAI is India’s main online security interest registry company. It was primarily designed to prevent lending against equitable mortgage fraud, in which people took multiple loans on the same asset from different banks.
Jun 27, 2024 · The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) plays a crucial role in preventing fraudulent transactions related to secured assets. The introduction of CERSAI 2.0 marks a significant upgrade to the original platform, enhancing its features and functionality to better serve financial institutions, borrowers, and other stakeholders.
