When any bank or financial institution obtains a charge against property, with the _____, the transaction will have to be registered under the SARFAESI Act, 2002.

Central Government has issued the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 and prescribed the forms to be used for the purpose of filing information for registration in respect of transactions of securitisation, asset reconstruction of financial assets and security interest over property. Thus, the transactions will have to be registered with the Central Registry.