📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

      Full form of CERSAI

    is:
    A Central Registry of Securitisation Asset Reconstruction and Security Interest Correct Answer Incorrect Answer
    B Central Resolution of Securitisation Asset Reconstruction and Security Interest Correct Answer Incorrect Answer
    C Central Registry of Securitization Asset resolution and Security Interest Correct Answer Incorrect Answer
    D Central Registry of Systematic Asset resolution and Security Interest Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a Government of India Company licensed under section 8 of the Companies Act, 2013 with Govt. of India having a shareholding of 51% by the Central Government and select Public Sector Banks and the National Housing Bank also being 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 securitization, asset reconstruction of financial assets, and creation of security interest over the property, as contemplated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).

    Practice Next
    More Current Financial Awareness Questions