Wednesday, March 14, 2012

CERSAI Charge Registration Process


CERSAI Charge Registration Process


A.    FORMS FOR FILING
FORM I
For Creation and modification of Charge.
FORM II
For particulars of Satisfaction of Charge
FORM III
For Securitisation or Reconstruction of Financial Assets
FORM IV
For Satisfaction of Securitisation or Reconstruction of Financial Assets

B.     FILING SYSTEM
Serial Number
Nature of transaction to be Registered
FORM No.
Amount of fee payable
1.
Particulars of creation or modification of Security Interest in favour of secured creditors
FORM I
Rs.500 for creation and for any subsequent modification of Security interest in favour of a secured creditor for a loan above Rs.5 lakh. For a loan below Rs.5 lakh, the fee would be Rs.250 for both creation and modification of security interest.
2.
Satisfaction of any existing Security Interest
FORM II
Rs.250
3.
Particulars of securitisation or reconstruction of financial assets
FORM III
Rs.1000
4.
Particulars of satisfaction of securitisation or reconstruction transactions
FORM IV
Rs.250
5.
Any application for information recorded / maintained in the Register by any person
---
Rs.50
6.
Any application for condonation of delay up to 30 days
---
Rs.2500 in case of creation of security interest for a loan up to Rs.5 lakh and Rs.5000 in all other cases.

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