Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act ,2002

Act No : 54

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Section : Filing of transactions of securitisation, reconstruction and creationof security interest.

23. Filing of transactions of securitisation, reconstruction and creation of security interest.-The particulars of every transaction of securitisation, asset reconstruction or creation of security interest shall be filed, with the Central Registrar in th manner and on payment of such fee as may be prescribed, within thirty days after the date of such transaction or creation of security, by the securitisation company or reconstruction company or the secured creditor, as the case may be: Provided that the Central Registrar may allow the filing of the particulars of such transaction or creation of security within thirty days next following the expiry of the said period of thirty days on payment of such additional fees not exceeding ten t mes the amount of such fee.

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