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Section 23: Filing of transactions of securitisation, reconstruction and creation of security interest.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002Central Act · Act 54 of 2002

[(1)] The particulars of every transaction of securitisation, asset reconstruction or creation of security interest shall be filed, with the Central Registrar in the manner and on payment of such fee as may be prescribed ***:

* * * * *

[Provided *** that the Central Government may, by notification, require registration of all transactions of securitisation, or asset reconstruction or creation of security interest which are subsisting on or before the date of establishment of the Central Registry under sub-section (7) of section 20 within such period and on payment of such fees as may be prescribed.]

[(2) The Central Government may, by notification, require the registration of transaction relating to different types of security interest created on different kinds of property with the Central Registry.

(3) The Central Government may, by rules, prescribe forms for registration for different types of security interest under this section and fee to be charged for such registration.]

Where this provision sits

ActThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Section23
Marginal noteFiling of transactions of securitisation, reconstruction and creation of security interest.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • other, Act 44 of 2016. . Section 23 numbered as sub-section (1) by Act 44 of 2016, s. 17 (w.e.f. 24-1-2020).
  • omitted. . The certain words omitted by s. 17, ibid. (w.e.f. 24-1-2020).
  • omitted. . The Proviso omitted by s. 17, ibid. (w.e.f. 24-1-2020).
  • inserted, Act 1 of 2013. . Ins. by Act 1 of 2013, s.8 (w.e.f. 15-5-2013).
  • omitted, Act 44 of 2016. . The word "further" omitted by Act 44 of 2016, s. 17 (w.e.f. 24-1-2020).
  • inserted. . Ins. by s. 17, ibid. (w.e.f. 24-1-2020).

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