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50 ^ 5 ?fR§" ̂ R q̂B" fe# ^"^R^"^Tr^ '2500 M i < ^ 3 H f ? ^ a | { ^ q [ m U 56/5/2007-^.5Tr.II] SiT^n^ tT F̂T, T f ^ "#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 contextotherwise 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! Registryset 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 ^ r W T ? : 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 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 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 subrole (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:
, , „ , 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 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 No. transaction to be Pos te red 0) (2) Form No.
(3) Amount of fee payable <4)
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.
Particulars of creation or modi fication of Security Interest in favour of secured creditors Form I 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; 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.
Rs.250 Rs.1000 Rs. 5J Rs i(:
4 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—SEC. 3(i)] 3Tfsp^RT • H { % # , 31 RRf, 2011 W.^T.f^. 277(3*).—"fa^fa Sflfepff ^T ^fe*^«W*t T^' ^ ' M 3TR UftP^pf %ci ^T 3£#T •SlfMfW?, 2002 ^ *JRT 20 ^ Sfcpftr "SKtl l«$kW7 *£f 5PRn ^ f>L ^ R 4 WrTR, Hrî sKf ^RlVlfer! ?f#RRT <£ OT 2 "R ÎVeffeW w.
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2. -&%& W^K TRi^RJ, ^ R T IRR^t ^ RfR3RrRn^' srfqtwr, 1956 ^ *TRJ 25 ^ Wfl ROfR^J^T *K*l<t TOTl RRRR, nRffk ^ # T R̂fRn M f o \ f e ^ R/ER3R -3TR. r̂frf̂ frl t?cT Tf̂ RST, fWhl HVi^rf ^RHRTRT 3̂RR "^ f f "rTTRrRR ^ TcR*F 2 "$ 3RrRI%cT ŜTH *R f, ^ # f § I !
3. # ^ N tf»R& RTrfk snfeFff «sr irfh*i[d<Mui TĴ " fri'kH gPR. ITRfRRl t in ~5TI 3RRH Sff^CT?, 2002 ^ t R̂T 21 ^ *3R~£jRI (1) g» afcPTcf ^3RT tRJRR SRJ fo$«W " # # 3 R5R?R ^ 3T^t^FI tp? Pi^fM ^ Sf^fe ^Vfti [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.
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 of Financial Assests and Enforcement of Security Interest Act 2002.
[F.NO.56/5/2007-BO.II!
ALOK NIG AM, it. Secy.
^"RCc#, 31 RR?, 2QU Wttfa 2 7 8 ( 3 0 - — ^ ^ 3TffeJf m 3?RiRJrRFRR •qcf ^4cH 5TR ¥ R f ^ m *ET 3RRRE 3?fMWT, 2002 ^ t tTRI 21 *& M-^R? {I} WS T&3 irt̂ W^F ^T V&H • $ $ ' ! & • ^ ^ T WsZR, HO\sKI, «& ^TR-̂ t. ^4, ST̂ T̂ T ~m ^ W A ^ e)H<HT ^T Hvnl+iui " ^ ^ 'Sii|i^ifs| ̂ m "fe?R ^ ?̂ T •# RR r̂c! ̂ W, t i
2. # Snteff.sRi, TIWl 3IR̂ R? fe ^ 3 s ^ ^ ' 3 ^ ^ fH^i* ^ ^T ^ 3TĤ =r.0 îi" ^ 3TRRW ^ R T fel T̂T < [ m R 56/5/2007-WF.3fr.lI] 34M1^ RRR5, ^ ^ i ĤRqsf 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.