Monday, March 26, 2012

CERSAI - Registration Fee

CERSAI - Registration Fee

The fees for registration are prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011.

Following is the table of fees prescribed under this Rules.

Serial NumberNature of transaction to be RegisteredFORM No.Amount of fee payable
1.Particulars of creation or modification of Security Interest in favour of secured creditors
FORM IRs.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 InterestFORM IIRs.250
3.Particulars of securitisation or reconstruction of financial assetsFORM IIIRs.1000
4.Particulars of satisfaction of securitisation or reconstruction transactionsFORM IVRs.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.

No comments:

Post a Comment