Fees

The fees for registration of Security Interest are prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 read with the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) (Amendment) Rules, 2013 (Collectively referred as 'Rules')

Following is the table of fees prescribed under the said Rules.

Serial Number Nature of transaction to be Registered FORM No. Amount of fee payable
1. Particulars of creation or modification of Security Interest in favour of secured creditors

FORM I Rs.100 for creation and for any subsequent modification of Security interest in favour of a secured creditor for a loan above Rs.5 lakh. For a loan upto Rs.5 lakh, the fee would be Rs.50 for both creation and modification of security interest.
2. Satisfaction of any existing Security Interest FORM II NIL
3. Particulars of securitisation or reconstruction of financial assets FORM III Rs.500
4. Particulars of satisfaction of securitisation or reconstruction transactions FORM IV Rs.50
5. Any application for information recorded / maintained in the Register by any person --- Rs.10
6. Any application for condonation of delay up to 30 days --- Not exceeding 10 times of the basic fee, as applicable.


Note : Service Tax shall be applicable over and above the fees mentioned above.



The fees for registration of Factoring Transaction are prescribed under the Registration of Assignment of Receivables Rules, 2012

Following is the table of fees prescribed under the said Rules.

Serial Number Nature of transaction to be Registered FORM No. Amount of fee payable
1. Particulars of Assignment of Receivables

FORM I Rs.10 for assignment of receivables of less than rupees five lakhs and Rs.100 for assignment of receivables of rupees five lakhs and above
2. Satisfaction of registration on realisation of the receivables FORM II Nil.
3. Any application for information recorded or maintained in the Register by any person --- Rs.10
4. Any application for condonation of delay up to 30 days --- Ten times of the basic fee, as applicable


Note : Service Tax shall be applicable over and above the fees mentioned above.

Central Registry of Securitisation Asset Reconstruction and Security Interest of India