Sunday, April 17, 2011

PROPERTY-CENTRAL REGISTRY NOTIFICATION

Section 21 of the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 – Central Registry – Central Registrar – Notified place at which Central Registry is established
NOTIFICATION NO. GSR 277(E), DATED 31-3-2011
In exercise of the powers conferred under section 21 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Central Government hereby notifies the establishment of the Central Registry at the place mentioned in Column 2 of the Table below which shall exercise jurisdiction in the area specified in the corresponding entry in Column (3) of the said Table, namely:—
TABLE
Sl. No.
Place at which the Central Registry is established
Area of Jurisdiction
(1)
(2)
(3)
1.
Indian Banks’ Association, Delhi Local Chapter C/o Punjab National Bank, Rajendra Bhavan, Rajendra Place, New Delhi-110008.
Whole of India
2. The Central Government hereby, entrusts the operations and administration of the Central Registry and the Maintenance of the Central Register to a Government Company licensed under section 25 of the Companies Act, 1956, namely, the Central Registry of Securitisation Asset Reconstruction and Security Interest of India, having its Registered Office at the place mentioned in Column 2 of the above given Table.
3. The Central Registry shall be under the superintendence and direction of the Central
Sl. No.
Place at which the Central Registry is established
Area of Jurisdiction
(1)
(2)
(3)
1.
Indian Banks’ Association, Delhi Local Chapter C/o Punjab National Bank, Rajendra Bhavan, Rajendra Place, New Delhi-110008.
Whole of India
Registrar appointed by the Central Government under sub-section (1) of section 21 of the Securitisation and Reconstruction of Financial Assests and Enforcement of Security Interest Act, 2002.

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