Multiple choice

Which of following transactions does not require registration with Central registry under provisions of SARFAESI Act?

  1. Securitisation

  2. Reconstruction

  3. Creation of security interest

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The forms prescribed by the Central Government for registration are as under: FORM I - For creation and modification of charge. FORM II - For particulars of satisfaction of charge. FORM III - For securitisation or reconstruction of financial assets. FORM IV - For satisfaction of securitisation or reconstruction of financial assets. Thus, all the transactions need registration.

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