New CERSAI Rules notified; All kind of Mortgages to be registered with CERSAI

Ashok KM

5 Feb 2016 11:13 AM IST

  • New CERSAI Rules notified; All kind of Mortgages to be registered with CERSAI

    Central Government has notified new CERSAI Rules on 22nd January 2016.All Mortgages need to be registeredAccording to old Rules, only the secured creditors are required to file particulars of only equitable mortgages with CERSAI. But as the new amendment has come into forceall kind of Mortgages needs to be registered with CERSAI. Newly inserted Rule 2A reads ‘“(2A). Particulars of...

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