Central Registry Of Securitisation Asset Reconstruction And Security Interest Of India
Any buyer of immovable property may soon be able to electronically check details regarding the property – whether the property concerned is free of encumbrances, i.e. outstanding mortgage or unpaid taxes. CERSAI, a Government company, plans to soon allow individuals to access the information recorded with the central registry. The central registry is a shared [...] Continue Reading »
Central registry to prevent frauds in loan cases involving multiple lending on the same immovable property. Finance minister Pranab Mukherjee had announced creation of such a registry in Budget 2011-12. RV Verma, CMD of National Housing Bank, has been given additional charge as the central registrar for three months. The government on Thursday operationalised the [...] Continue Reading »
