What is CERSAI?
Ø Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a Government company
Ø It maintains and operates a registration system for the purpose of registration of securitization transactions as per SARFAESI Act
Ø Properties mortgaged to banks and other financial institutions will have to be compulsorily registered on CERSAI platform
Ø Such registration system prevents frauds and double financing
Ø Any one can also see and inspect the records on CERSAI platform
Ø It was started in March 2011
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