Banking – Section 21 of the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 – Central Registry – Central Registrar – Appointment of Central Registrar for purpose of registration of transactions relating to securitisation, reconstruction of financial assets and security interest created over properties

CL : Banking : Section 21 of the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 – Central Registry – Central Registrar – Appointment of Central Registrar for purpose of registration of transactions relating to securitisation, reconstruction of financial assets and security interest created over properties

NOTIFICATION NO. GSR 278(E), DATED 31-3-2011

In exercise of the powers conferred under sub-section (1) of section 21 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Central Government hereby appoints Shri R.V. Verma, Chairman and Managing Director, National Housing Bank (NHB), as the Central Registrar to hold additional charge of the Central Registrar for the purpose of registration of transactions relating to securitization, reconstruction of financial assets and security interest created over properties.

2. Shri R.V. Verma shall hold the charge of Central Registrar for a period of three months in addition to his duties as Chairman and Managing Director, National Housing Bank.

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2. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011
3. The Central Registry Operationalised ; The Central Registry of Securitisation Asset Reconstruction and Security Interest of India, A Government Company, Incorporated
4. Doctrine of unconscionable contract cannot be invoked for frustrating action initiated by a bank for recovery of its dues under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
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