CERSAI
Also known as: Central Registry of Securitisation Asset Reconstruction and Security Interest of India
Definition
CERSAI, the Central Registry of Securitisation Asset Reconstruction and Security Interest, is the central registry set up under Section 20 of the SARFAESI Act, 2002 to register securitisation, asset reconstruction and security interest transactions.
More about CERSAI
Section 20 of the SARFAESI Act lets the Central Government set up a Central Registry for registering securitisation, reconstruction of financial assets and creation of security interest, in addition to other laws requiring registration of charges [1].
SEBI's Master Circular for Debenture Trustees lists CERSAI among the sources a debenture trustee checks for existing charges, alongside the ROC, the sub-registrar and information utilities [2].
How this relates to LCode Technologies
LCode Technologies' RTMS includes CERSAI management for trustee companies.
Frequently asked questions
Why do debenture trustees use CERSAI?
To verify existing charges on assets before security is created and to track evidence of charge registration for each mandate.
Related reading
Sources
- Section 20, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Central Registry) — Indian Kanoon
- Master Circular for Debenture Trustees (DTs), SEBI/HO/DDHS-PoD-1/P/CIR/2025/117, August 13, 2025 — Securities and Exchange Board of India