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CERSAI CHARGE FILING SERVICES


FOR

BANKS /FINANCIAL INSTITUTIONS
BY




                 CompaniesInn.com LLP
 # 463, 10th Main | 13th Cross | Wilson Garden |Bangalore—560 027
                         Tel +91 80 4219 4109

                 E-Mail : info@companiesinn.com
                  Web : www.companiesinn.com
Introduction - CERSAI


Central Registry of Securitisation Asset Reconstruction and Security Interest of India
(CERSAI – www.cersai.org.in) is a company licensed under section 25 of            the
Companies Act, 1956 and registered by the Registrar of Companies, New Delhi.


The Company is a Government Company with a shareholding of 51% by the Central
Government and select Public Sector Banks and the National Housing Bank are also
shareholders of the Company.


The object of the company is to maintain and operate a Registration System for the
purpose of registration of transactions of securitisation, asset reconstruction of
financial assets and creation of security interest over property, as contemplated
under Chapter IV of the Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002. (SARFAESI Act).


The Registration would be applicable to transactions of security interest over
property created to secure loans and advances from the banks and financial
institutions as defined under the SARFAESI Act.


The Company is providing the platform for filing registrations of transactions of
securitisation, asset reconstruction and security interest by the banks and financial
institutions.


Any person can also search and inspect the records maintained by the Registry on
payment of fees prescribed under the Securitisation and Reconstruction of Financial
Assets and Enforcement of Security Interest (Central Registry) Rules, 2011.
CERSAI Charge Registration Process


A. FORMS FOR FILING

       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


B. FILING SYSTEM

  Serial Nature of transaction to be
                                              FORM No. Amount of fee payable
  Number Registered
                                                          Rs.500 for creation and for
                                                          any subsequent modification
                                                          of Security interest in favour
             Particulars of creation or
                                                          of a secured creditor for a
             modification of Security
  1.                                       FORM I         loan above Rs.5 lakh. For a
             Interest in favour of secured
                                                          loan below Rs.5 lakh, the fee
             creditors
                                                          would be Rs.250 for both
                                                          creation and modification of
                                                          security interest.
             Satisfaction of any existing
  2.                                          FORM II     Rs.250
             Security Interest
             Particulars of securitisation
  3.         or reconstruction of financial FORM III      Rs.1000
             assets
             Particulars of satisfaction of
  4.         securitisation or                FORM IV     Rs.250
             reconstruction transactions
             Any application for
             information recorded /
  5.                                          ---         Rs.50
             maintained in the Register
             by any person
                                                          Rs.2500 in case of creation of
             Any application for
                                                          security interest for a loan
  6.         condonation of delay up to       ---
                                                          up to Rs.5 lakh and Rs.5000
             30 days
                                                          in all other cases.
CERSAI Charge Registration Process – CompaniesInn

A. ROAD MAP OF COMPANIESINN CHARGE MANAGEMENT SERVICES




                               EM Information &
  BANK BRANCH                  Document details            CompaniesInn.com




                                                            Prepare Form I, II
                               File with CERSAI
                                                                 Or III




B. PROCESS FOR FILING


  •   A certified copy of Charge Documents (Creation / Modification / Satisfaction)
      to be forwarded to COMPANIESINN, Bangalore Office by Courier. Or,

  •   Where the Bank Branch has the scanning facility, email the Charge
      Documents in PDF format

  •   Up on receipt of Charge Documents, COMPANIESINN will prepare e-Form
      I/II/III

  •   COMPANIESINN will file the Form online with CERSAI in time
About COMPANIESINN

CompaniesInn.com LLP (CompaniesInn), formerly known as Companiesinn.com
India Private Limited is promoted by a team of Company Secretaries from
Bangalore. Now, CompamiesInn has presence in Bangalore, Delhi, Mumbai and
Chennai.

CompaniesInn (www.companiesinn.com) provide comprehensive Corporate
Secretarial Services including business start-up services and Compliance Services,
Charge Management Services excellent infrastructure in the fast changing age of
information technology.


The promoters of COMPANIESINN have a track record of more than 12 years of
providing Charge Management Services such as Registration of Charges,
Modifications and Satisfaction thereof to Banks and Financial Institutions.
CompaniesInn provides a comprehensive package of services to the Banks and
financial Institutions by way of Search and Status Reports, Corporate Information
Reports, Scrutiny of Charge records etc.


In 2006, the promoters of CompaniesInn were appointed as the sole service provider
for the Charge Management Services by ING VYSYA BANK LIMITED for all their
branches across India. From 2008 the service to ING Vysya is being provided from
CompaniesInn.



Advantages of COMPANIESINN Charge Management Services.

   •   Timely filing and registration of Charges

   •   Frees the Bank Manager and ensures compliance

   •   Easy filing of Forms with CompaniesInn infrastructure and network

   •   Single Point of contact for all the branches of the Bank for Registration of
       Charges

   •   Professional & Cost effective service by CompaniesInn

   •   Prompt and timely e-communication with Bank about progress of registration
•    Makes the Bank Manager e-savvy

  •    Guidance to Bank officials about the process of CERSAI

  •    One stop shop for the bank for all services under CERSAI

  •    We at COMPANIESINN are committed to provide quality and timely service
       to BANK and your clients with our ‘Charge Management Services’.




COMPANIESINN FEE QUOTE - CERSAI Charge Registration

DOCUMENT FILING SERVICES



      Services                                         Fee Per Document (INR)
      Documentation / Filing / registration of Form
                                                                  1100.00
      I/II/III
      Note:
           • Service Tax will be extra.
           • Out of Pocket expenses such as Filing fee / Incidental expenses will be
               charged on actual basis




                                     Contact:
                       CompaniesInn.com LLP
 # 463, 10th Main | 13th Cross | Wilson Garden| Bangalore—560 027
                         Tel +91 80 4219 4109
                       Mobile : +91 99457 54280
                  E-Mail: binoy@companiesinn.com
                    Web: www.companiesinn.com

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Cersai Charge Registration

  • 1. CERSAI CHARGE FILING SERVICES FOR BANKS /FINANCIAL INSTITUTIONS BY CompaniesInn.com LLP # 463, 10th Main | 13th Cross | Wilson Garden |Bangalore—560 027 Tel +91 80 4219 4109 E-Mail : info@companiesinn.com Web : www.companiesinn.com
  • 2. Introduction - CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI – www.cersai.org.in) is a company licensed under section 25 of the Companies Act, 1956 and registered by the Registrar of Companies, New Delhi. The Company is a Government Company with a shareholding of 51% by the Central Government and select Public Sector Banks and the National Housing Bank are also shareholders of the Company. The object of the company is to maintain and operate a Registration System for the purpose of registration of transactions of securitisation, asset reconstruction of financial assets and creation of security interest over property, as contemplated under Chapter IV of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (SARFAESI Act). The Registration would be applicable to transactions of security interest over property created to secure loans and advances from the banks and financial institutions as defined under the SARFAESI Act. The Company is providing the platform for filing registrations of transactions of securitisation, asset reconstruction and security interest by the banks and financial institutions. Any person can also search and inspect the records maintained by the Registry on payment of fees prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011.
  • 3. CERSAI Charge Registration Process A. FORMS FOR FILING 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 B. FILING SYSTEM Serial Nature of transaction to be FORM No. Amount of fee payable Number Registered Rs.500 for creation and for any subsequent modification of Security interest in favour Particulars of creation or of a secured creditor for a modification of Security 1. FORM I loan above Rs.5 lakh. For a Interest in favour of secured loan below Rs.5 lakh, the fee creditors would be Rs.250 for both creation and modification of security interest. Satisfaction of any existing 2. FORM II Rs.250 Security Interest Particulars of securitisation 3. or reconstruction of financial FORM III Rs.1000 assets Particulars of satisfaction of 4. securitisation or FORM IV Rs.250 reconstruction transactions Any application for information recorded / 5. --- Rs.50 maintained in the Register by any person Rs.2500 in case of creation of Any application for security interest for a loan 6. condonation of delay up to --- up to Rs.5 lakh and Rs.5000 30 days in all other cases.
  • 4. CERSAI Charge Registration Process – CompaniesInn A. ROAD MAP OF COMPANIESINN CHARGE MANAGEMENT SERVICES EM Information & BANK BRANCH Document details CompaniesInn.com Prepare Form I, II File with CERSAI Or III B. PROCESS FOR FILING • A certified copy of Charge Documents (Creation / Modification / Satisfaction) to be forwarded to COMPANIESINN, Bangalore Office by Courier. Or, • Where the Bank Branch has the scanning facility, email the Charge Documents in PDF format • Up on receipt of Charge Documents, COMPANIESINN will prepare e-Form I/II/III • COMPANIESINN will file the Form online with CERSAI in time
  • 5. About COMPANIESINN CompaniesInn.com LLP (CompaniesInn), formerly known as Companiesinn.com India Private Limited is promoted by a team of Company Secretaries from Bangalore. Now, CompamiesInn has presence in Bangalore, Delhi, Mumbai and Chennai. CompaniesInn (www.companiesinn.com) provide comprehensive Corporate Secretarial Services including business start-up services and Compliance Services, Charge Management Services excellent infrastructure in the fast changing age of information technology. The promoters of COMPANIESINN have a track record of more than 12 years of providing Charge Management Services such as Registration of Charges, Modifications and Satisfaction thereof to Banks and Financial Institutions. CompaniesInn provides a comprehensive package of services to the Banks and financial Institutions by way of Search and Status Reports, Corporate Information Reports, Scrutiny of Charge records etc. In 2006, the promoters of CompaniesInn were appointed as the sole service provider for the Charge Management Services by ING VYSYA BANK LIMITED for all their branches across India. From 2008 the service to ING Vysya is being provided from CompaniesInn. Advantages of COMPANIESINN Charge Management Services. • Timely filing and registration of Charges • Frees the Bank Manager and ensures compliance • Easy filing of Forms with CompaniesInn infrastructure and network • Single Point of contact for all the branches of the Bank for Registration of Charges • Professional & Cost effective service by CompaniesInn • Prompt and timely e-communication with Bank about progress of registration
  • 6. Makes the Bank Manager e-savvy • Guidance to Bank officials about the process of CERSAI • One stop shop for the bank for all services under CERSAI • We at COMPANIESINN are committed to provide quality and timely service to BANK and your clients with our ‘Charge Management Services’. COMPANIESINN FEE QUOTE - CERSAI Charge Registration DOCUMENT FILING SERVICES Services Fee Per Document (INR) Documentation / Filing / registration of Form 1100.00 I/II/III Note: • Service Tax will be extra. • Out of Pocket expenses such as Filing fee / Incidental expenses will be charged on actual basis Contact: CompaniesInn.com LLP # 463, 10th Main | 13th Cross | Wilson Garden| Bangalore—560 027 Tel +91 80 4219 4109 Mobile : +91 99457 54280 E-Mail: binoy@companiesinn.com Web: www.companiesinn.com