Filing of records of equitable mortgages with Central Registry

RBI has issued a notification on 12th November 2013 wherein it has specified that equitable mortgages created in favour of Non Banking Financial Companies should in turn be registered/ filed with a Central Registry which has been created for this purpose which is called Central Registry of Securitisation Asset Reconstruction and the Security Interest of India. (CERSAI). The institutions which have been notified under SARFAESI Act have to mandatorily record the equitable mortgages created in their favour whereas other institutions can also do so. The details of security interest created in favour of these institutions will be available on a public search engine for public citizens as well as banks/ financial institutions so that double financing could be avoided. So all the NBFCs have been advised to file their data base of mortgages created in favour with the Central Registry from 1st April 2011 onwards. The full text of the RBI Circular is available at

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One response to “Filing of records of equitable mortgages with Central Registry

  1. శివరామప్రసాద్ కప్పగంతు / SIVARAMAPRASAD KAPPAGANTU

    What exactly is to be obtained in lieu of NOC from the Regulator concerned??

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