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[ m U 56/5/2007-^.5Tr.II]  

SiT^n^ tT^FT, Tf ^ "#qq'  

MMISTRY OF FINANCE  

(Bepartmeut &l Fiaafiefei Services)  

NOTlFiCATlON  

New Delhi, the 31 st March, 20 31  

G.S.R. 276(E).—In exercise of the powers conferred  by sub-section (l)and clauses (c) to (g) of sub-section' (2)  of Section 38 read with Section 20 of the Securitisation and  Reconstruction of Financial Assets and Enforcement of  Security Interest Act, 2002 (54 of 2002), the Centra!  Government hereby makes the following rules, namely:—  

1. Short title 2nd eo«m en cement.—(1) These rules  may be called the Securitisation and Reconstruction/of  Financial Assets and Enforcement of Security Interest  (Central Registry) Rules, 2011.  

(2) They shall come into force on the date of their  publication in the Official Gazette.  

2. Definitions.—(1) In these rules, unless the context otherwise requires.—  

(a) "Act" means the Securitisation and  Reconstruction of Financial Assets and Enforcement of  Security Interest Act, 2002 (54 of 2002);  

(b) "Central Register" means the register kept and  maintained under Section 22 of the Act;  

(c) "CgRtral Registrar1' means a person appointed as  such under sufe-section (1) of Section 21 of the Act;  (d) "Central Registry" means the Centra! Registry set up under Section 20 of the Act;  

(e) "Transaction" means any transaction of  securitisation of financial assets or reconstruction of  fmancia! assets or securitv interest created over the

JA03  

[*FTII—^°g3(Q] W^rWT? : 3KliW^ ' 3  

property and modification and satisfaction of any security  interest over property.  

(2) Words and expressions used in these rules and  not defined shali have the meaning respectively assigned  to them in the Securitisation and Reconstruction of  Financial Assets and Enforcement of Security Interest Act,  2002 (54 of 2002); or the Information Technology Act, 2000  (21 of 2000), as the case may be.  

3J Maintenance of Central Register.—-(1) A Central  Register shall be kept for the purpose of maintaining records  of registration of transactions relating to securitisation,  reconstruction of financial assets and security interest  created over properties, under the Act  

(2) All electronic documents, required to be signed  by the Central Registrar under the Act or rules made  

shall be open for inspection to any person through the  website of the Central Registry and during the business  hours at the Central Registry on payment of fee specified  in rule 7:  

Provided that the Central Registry may allow the  inspection to be carried out through such person,  authorised by it in this behalf.  

7. Fees.—-Every Form for registration of any  transaction relating to security interest over any property  and ever)' request for inspection of any record maintained  by the 'Central Registry shall be accompanied by a fee  specified in the Table given belovvto be paid to the Central  Registry in such manner as may be specified from time to time.  TABLE  

. Si. Nature of  

thereunder, shall be authenticated through his digital  signature.  

4. Manner in which particulars of Transaction are  to be filed with the Central Registry,—(l) Particulars of  every transaction of securitisation or reconstruction of  financial assets and satisfaction of such transaction on  realisation of the financial assets or creation, modification  or satisfaction- of any security interest required to be  registered under Section 23, 24 and 25 of the Act, shall be  filed in such Forms as may be specified by the Central  Government from time to time as hereinafter provided.  

(2) Particulars of every transation of seuritisation  and reconstruction of financial assets and creation,  modification or satisfaction of security interest by way of  mortgage by deposit of title deeds shall be filed in Form I,  Form 11, Form III or Form IV, as the case may be, and shall  be authenticated by a person specified in the Form for  

No. transaction to  be Postered  

0) (2)  

Particulars of  

creation or modi

fication of Security  Interest in favour of  secured creditors  

Form  No.  

(3)  

Form I  

Amount of fee  

payable  

<4)  

Rs; 500 for creation  and for any subse quent modification  of Security interest  in favour of a secured  creditor for a loan  

above Rs. 5-lakh. For  a loan uptoRs.5 lakh  the fee would be  250 for both creation  and modification of  security interest.  

such purpose by use of a valid digital signature.  (3) The Central Government may specify Forms for  filing particulars of creation, modification or satisfaction of  security interest other than mortgage by deposit of title  deeds by amendment to these rules from time to time,  (4) If any security interest being created in favour of  two or more lenders, the details as to inter se priority  amongst them and whether they hold it on a pari passu or  subordinate basis shall be required to be specified :  Provided that if the ranking of security is not available,  the Central Registrar may allow such time, not exceeding  sixty days from the date of application, for the same to be^  furnished by the secured creditors.  

5. Time limit for registration and condition of delay.—- (1) The particulars of ever}' transaction referred to in sub role (1) of rule 3 shall be filed the Central Registrar within a  period of thirty days from the date of such transaction.  

(2) In cases where there is a delay in filing the  tt'jri-Jfularc nf (rar.:.'5rf:,",n far rpyifiTMllfin nr mnrU'' tr.p.tinr:  

Satisfaction of any Form II  existing Security  

Interest  

Particulars of Form III  securitisation or  

reconstruction of  

financial assets  

Particulars of Form IV  satisfaction of  

securitisation or  

reconstruction  

transactions  

Any application —  for information  

recorded/m aintained  

in the Register by  

any person  

Rs.250  Rs.1000  

Rs. 5J  Rs i(:

,,„ , v.—..-J. . ~ . ..~>....~--.~. . . - 0 «.».^. . -.. .-1  or satisfaction within the time specified in sub-rule (!), the  Central Regisrar, on an application in specified form, stating  the reasons for delay not exceeding thirty days from next  following the period of thirty days provided in sub-rule (1)  may allow filing of the particulars of transaction on  payment of additional fees as specified in these rules.  

6. Inspection of records of Central! Register.—The  particulars of any transaction kept in the Central Registry  

6. Any application for —Not exceeding Rs.250(J  condonation of delay in case of creation of security  up to 3 0 days interest for a loan up to Rs. 5  lakh and notexceeding  

Rs. 5000 in all other cases.  

.[F.No.56/5/2007-BO.II]  

ALOKNIGAM,Jt.Secy.  

4 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—SEC. 3(i)]  

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2. The Centra! Government hereby, entrusts the  operations and administration of the Central Registry and  the Maintenance of the Centra! Register to a Government  Company licensed under Section 25 of the Companies Act,  1956, namely, the Centra! Registry of Securitisation Asset  Reconstruction and Security Interest of India, having its  Registered Office at the place mentioned in Column 2 of  the above given Table.  

3. The Centra! Registry shall be under the  superintendence and direction of the Central Registrar  appointed by the Central Government under sub-section  (l)ofSection21 ofthe Securitisation and Reconstruction  

w.  • &  

( I )  1,  

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(2)  

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(3)  

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of Financial Assests and Enforcement of Security Interest  Act 2002.  

[F.NO.56/5/2007-BO.II!  

ALOK NIG AM, it. Secy.  

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[TO U 56/5/2007-^t.3fr.H]  

NOTOFICATIQN  

New Delhi, the 31 st March, 2011  

GS.R. 277(E).—In exercise of the powers conferred  under Section 21 of the Securitisation and Reconstruction  of Financial Assets and Enforcement of Security Interest  Act, 2002, the Central Government hereby notifies the  establishment of the Central Registry at the place mentioned  in Column 2 of the Table below which shall exercise  jurisdiction in the area specified in the corresponding entry  in Column (3) of the said Tabic, namely:—  

TABLE  

SI. Place at which the Central Area of  No. Registry is established Jurisdiction  

KlJ W ^  I. Indian Banks'Association, Delhi Whole of India  Local Chapter C/o Punjab National  

Bank, RajendraBhavan, Rajendra  

Place, New Delhi-110008.  

Wttfa 278(30-—^ ^ 3TffeJf m 3?RiRJrRFRR  •qcf ^4cH 5TR ¥Rf ^ m *ET 3RRRE 3?fMWT, 2002 ^ t  tTRI 21 *& M-^R? {I} WS T&3 irt^W^F ^T V&H •$$'!&  •^^ T WsZR, HO\sKI, «& ^TR-^t. ^4, ST^T^T ~m ^  

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< [ m R 56/5/2007-WF.3fr.lI]  

34M1^ RRR5, ^^ i ^HRqsf  

NOTIFICATION  

New Delhi, the 31 st March, 201 i  

GS.R. 278(E).—in exercise ofthe powers conferred  under sab-section (i) of Section 21 ofthe Securitisation  and Reconstruction of Financial Assets and Enforcement  of Security Interest Act, 2002, the Central Government  hereby appoints Shri R. V. Verma, Chairman and Managing  Director, National Housing Bank (NHB), as the Central  Registrar to hold additional charge ofthe Central Registrar  for the purpose of registration of transactions relating to  securitization, reconstruction of financial assets and  security interest created over properties.  

2. Shri R. V. Verma shall hold the charge of Central  Registrar for a period of three months in addition to his  duties as Chairman and Managing Director, National  Housing Bank.  

[F.NO.56/5/2007-BO.I1]  

ALOK NIGAMJt Secy  

Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064  and Published by the Controller of Publications, Delhi-110054.