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 IRs.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 IINIL
3.Particulars of securitisation or reconstruction of financial assetsFORM IIIRs.500
4.Particulars of satisfaction of securitisation or reconstruction transactionsFORM IVRs.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 IRs. 500 for assignment of receivables
2. Satisfaction of registration on realisation of the receivables FORM IIRs. 250
3.Any application for information recorded or maintained in the Register by any person---Rs. 50
4.Any application for condonation of delay up to 30 days---Rs. 2500


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

Central Registry of Securitisation Asset Reconstruction and Security Interest of India