Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a Government of India Company licensed under section 8 of the

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Securities Laws (Amendment) Act, 1996
B	Banking Regulation Act, 1949
C	Companies Act, 2013
D	Reserve Bank of India Act, 1934

Explanation:

Detailed explanation-1: -CERSAI is a Government of India company, licensed under section 8 of the Companies Act, 2013. Its Registered Office is at New Delhi.

Detailed explanation-2: -Hence it can be said that even though CERSAI registration is one of the sources of proving the security interest it is not mandatory under the IBC framework to have a CERSAI registration as a creditor has recourse to other sources as well.

Detailed explanation-3: -(1) The Central Government may, by notification, appoint a person for the purpose of registration of transactions relating to securitisation, reconstruction of financial assets and security interest created over properties, to be known as the Central Registrar.

There is 1 question to complete.