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05 October 2011
What is CERSAI? Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a Government company It maintains and operates a registration system for the purpose of registration of securitization transactions as per SARFAESI Act Properties mortgaged to banks and other financial institutions will have to be compulsorily registered on CERSAI platform Such registration system prevents frauds and double financing Any one can also see and inspect the records on CERSAI platform It was started in March 2011