Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)
CERSAI is a Government of India company, licensed under section 8 of the Companies Act, 2013. Its Registered Office is at New Delhi.
The company has been incorporated with majority shareholding of the Central Government, Public Sector Banks and National Housing Bank initially for the purpose of operating a Registration System under the provisions of Chapter IV of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). Later, CERSAI was entrusted upon the responsibility of operating and maintaining a KYC Registry, governed under PML Rules 2005 (Maintenance of Records).
The Security Interest Registry, which was incorporated in 2011, made a humble beginning by filing of Security Interest of Immovable Properties, it has today matured into a complete registry encompassing security interest of immovable, movable, intangible properties and assignment of receivables. It now provides access to all kind of creditors and also provides facility for filing of attachment orders and court orders, so as to provide a complete picture of any encumbered / attached property. The importance of Security Interest Registry and its contribution In Ease of Doing Business (EoDB) score of the country under the sub-head Getting Credit has been significant.