CERSAI 2.0 SI AO Transactions User Manual 20200612

CERSAI 2.
0 SI/AO Transactions
User Manual
TATA Consultancy Services Ltd.

12 - Jun - 2020
Version 1.0
CERSAI 2.0 – SI/AO Transactions User Manual ver. 1.0
Document Revision History
Version Date Revision / Changes Author Reviewer

1.0 12-Jun-2020 CERSAI 2.0 SI/AO Transactions Parul Verma Shaloo Bokolia
1.1 11-Dec-2020 Update Address Master Parul Verma Shivi Chhabra
TCS & CERSAI Confidential This file is available on URL: https://cersai.org.in/CERSAI/home.prg Page 2 of 37
Table of Contents
.......................................................................................................................................................................... 0
Document Revision History.............................................................................................................................. 1
CERSAI 2.0 SECURITY INTEREST / ATTACHMENT ORDER TRANSACTIONS..................................................................................... 3
SI/AO Registration............................................................................................................................................ 3
Save as Draft................................................................................................................................................... 14
Key Features of SI/AO Registration.................................................................................................................16
SI /AO Rectification.........................................................................................................................................17
Key Features of SI/AO Rectification................................................................................................................25
SI/AO Modification......................................................................................................................................... 26
Key Features of SI/AO Modification............................................................................................................... 30
SI/AO Satisfaction........................................................................................................................................... 31
Key Features of SI Satisfaction........................................................................................................................34
Update Address Master..................................................................................................................................34
CERSAI 2.0 SECURITY INTEREST / ATTACHMENT ORDER TRANSACTIONS

SI/AO Registration
Adding an institution’s Security Interest loan charge, in CERSAI Registry, is the registration of SI Transaction.
Click on Login button on top right-hand side, a window pop-up to enter user credential. Enter valid user credential
and captcha, click on Login button.
After Successful Login Home page appear on the screen
Click on the Menu button adjacent to CERSAI logo and Open SI Registration Page
SI Registration Page open, Form is divided into 5 tabs.
Mandatory fields are marked with asterisk (*) sign. These fields cannot be left as blank.
Two types of Security Interest transaction

1) Security Interest
2) Attachment Order
Options available for Asset Category

1) Immovable
2) Movable
3) Intangible
Select appropriate option and fill details in mandatory fields.
First Tab is Security Interest Details. Security Interest Details tab captures information related to Security Interest
loan charge.
Second tab is Asset Details. Asset Details tab captures information related to Asset.
Choose Relevant Asset Type and fill asset details in the From.
Third tab is Borrower(s) tab. Borrower(s) tab captures borrower specific information.
Choose Relevant Borrower(s) and fill borrower details in the From.
Multiple borrowers can be added by clicking on Add Borrower.
Fourth tab is Asset Owner(s) tab. Asset Owner(s) tab captures asset owner specific information.
Choose Relevant Asset Owner(s) and fill asset owner details in the From.
Multiple asset owner can be added by clicking on Add Asset Owner.
Last Tab is Charge Holder tab. Fill charge holder specific information. Add the details of the Branch registering the
charge
Switch to any other tab which will validate values for Charge Holder tab. Once all tab values get validated for SI
Registration, Submit button gets enabled.
Click on Submit to register/submit the SI Registration transaction in CERSAI Registry.
SI Registration transaction successfully registered in Central Registry.
Save as Draft
'Save as Draft’ option have been provided to the users in CERSAI 2.0 system. Users have the option of saving a
transaction mid-way as draft, which they can load and finish later.
Fill the Form and click Save as Draft button.
Draft transaction is available under My Worklist -> User Drafted Transaction
Transaction is visible in User Drafted Transaction screen
Key Features of SI/AO Registration
1) Once a record is validated, you can submit it
2) If any matching record is found the system will intimate users by showing the matching assets
Matching Asset Found
a) User select an existing asset from the list and then proceed, in this case the Security Interest will be
tagged to the selected Asset
b) User ignore the list and proceed, in this case system creates a new Asset in the Central Registry
3) The charge may be created on any matching asset by mean of ‘Register Charge on Selected Assets’ charge
creation.
4) System allow user to create a new charge on the assets by mean of ‘Forcefully Register Charge’
Options available to user for Matching Assets
SI /AO Rectification
“Rectification of SI” process is used when any correction is to be done in an already registered Security Interest.
Click on the Menu button adjacent to CERSAI logo and Open SI Rectification Page using path Security Interest ->
Rectification
Enter SI Id to be rectified and click on Submit
SI Rectification Page open and same as SI Registration, SI Rectification Form is also divided into 5 tabs.
Mandatory fields are marked with asterisk (*) sign. These fields can’t be left as blank.
Click on specific tab check box button to rectify the values present in that particular tab.
Once Button is checked, values present in the tab changed to editable mode.
Rectified value present in Asset Tab and Borrower Tab (Address Details)
Select Reason for Omission / Mis-Statement Category
Enter Reason for Omission / Mis-Statement
Click on Submit.
Transaction go to Govt. Worklist for approval. And once transaction gets approved by the Govt. official, changes
made in the Rectification Transaction saved in the Central Registry
Govt Official log-in into the CERSAI system using valid user credentials.
Rectification Transaction Id visible in Govt. Worklist.
Central Govt. Approve the transaction by selecting the transaction. Fill all mandatory fields and click on Submit
Transaction is successfully approved by Central Government
After Govt. approval, transaction goes to User Worklist
User Log-in the CERSAI system using valid user credentials. Click on ‘Government Approved Transactions’ under
My Worklist present on the Home Page (Post Login).
Transaction approved by Central Govt. is displayed on the user screen.
User need to Approve the Transaction at his/her end too.
Select Transaction Id approved by Govt. and choose Approve and click on Submit.
Rectification transaction successfully completed in CERSAI Registry.
Key Features of SI/AO Rectification
1) All Rectification transaction go to Govt. Worklist for approval. Once transaction approved by the Govt. official,
changes made in the Rectification Transaction reflected in the Central Registry
2) If validation is done on ‘Total Secured Amount’ in case of Security Interest and ‘Total Recovery Amount’ in case
of Attachment Order, system recalculate the fee and deducted net difference (if positive) between
recalculated fee in Rectification of SI – fee deducted in Registration of SI.
3) If Rectification is done in the asset details, the system again find similar assets that are already present in the
Central Registry
a) No matching asset found

i) System will check whether any other Security Interest/Attachment Order is active on the original
asset details
ii) No Security Interest/Attachment Order registered on the original asset details; system make the
changes in existing asset.
iii) Security Interest/Attachment Order registered on the original asset details; system will create a new
asset record with the rectified asset details.
b) Matching asset found

i) Select an existing asset from the list and then proceed, in this case the Security Interest will be tagged
to the selected Asset
ii) Ignore the list and proceed, in this case system creates a new Asset in the Central Registry.
4) The charge may be created on any matching asset by mean of ‘Register Charge on Selected Assets’ charge
creation.
5) System allow user to create a new charge on the assets by mean of ‘Forcefully Register Charge’
Options available to user for Matching Assets
SI/AO Modification
Modification of SI process is used when any modification is to be done in the Loan section of an already registered
Security Interest.
Click on the Menu button adjacent to CERSAI logo and Open SI Rectification Page using path Security Interest ->
Modification
Enter SI Id to be modified and click on Submit
SI Modification Page open
Mandatory fields are marked with asterisk (*) sign. These fields can’t be left as blank.
Two Types of Modification option is available to user
(1) Transfer of Charge

(2) Other
(a) Secured Amount/Recovery Amount,
(b) Type of Financing,
(c) Type of Charge
For Type of Modification - Others
Updated Total Security Amount and Type of Charge
Click on Modify
SI Modification Transaction successfully completed in CERSAI Registry
Key Features of SI/AO Modification
1) Normal Fee is applicable in SI Modification

2) Attachment Order -System allow user to update ‘Recovery Amount’ and ask the user to provide
description/reason in the Miscellaneous Narration (mandatory) field.
3) Security Interest –
a) Transfer of Charge: System allow users to transfer charge
b) Type of Financing:
i) System allow user to change ‘Type of Financing’ from Sole to Multiple and vise versa.
ii) Change in ‘Type of Financing’ from Consortium to either Sole / Multiple or from Sole / Multiple to
Consortium is not allowed.
4) Type of Charge
5) Total Secured Amount
6) Immovable Assets where Type of Security Interest is Agreement to Create Mortgage (UUC), the system allow
it to be changed to either Equitable Mortgage or Registered Mortgage
SI/AO Satisfaction
Satisfaction of SI process is used when the loan amount is repaid in full by the borrower to the Institution.
Click on the Menu button adjacent to CERSAI logo and Open SI Satisfaction Page
Enter SI Id that needs to be Satisfy and click on Proceed
SI Satisfaction Page open.
Fill details in Satisfaction Form and click on Confirm Satisfaction
SI Satisfaction transaction is successfully completed in CERSAI Registry
Key Features of SI Satisfaction
1) Two types of Satisfaction Transaction:

a) For Security Interest:- After successful payment of the loan amount, Security Interest entry created in the
Central Register system is marked as satisfy.
b) For Attachment Order:- If Issuing Authority cancelled or put a stay order same needs be recorded in the
Central Registry
2) Once transaction is marked as Satisfy, in Central Registry, system not allow user to perform operations
(Rectification or Modification) on the Satisfied transaction
Update Address Master
Update Address Master functionality has been provided to the user to add the address details which are not
available under address master details (Drop down)
Click on the Menu button adjacent to CERSAI logo and Update Address Master.
Update Address Master Page open.
Enter Address Master details that needs to be updated.
Click on Submit button.
Update Address Master transaction is successfully completed in CERSAI Registry
=========================END OF DOCUMENT===========================

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CERSAI 2.

TATA Consultancy Services Ltd.

Document Revision History

Version Date Revision / Changes Author Reviewer

Document Revision History.............................................................................................................................. 1

CERSAI 2.0 SECURITY INTEREST / ATTACHMENT ORDER TRANSACTIONS..................................................................................... 3

Key Features of SI/AO Registration.................................................................................................................16

Key Features of SI/AO Rectification................................................................................................................25

Key Features of SI/AO Modification............................................................................................................... 30

Key Features of SI Satisfaction........................................................................................................................34

Update Address Master..................................................................................................................................34

CERSAI 2.0 SECURITY INTEREST / ATTACHMENT ORDER TRANSACTIONS

After Successful Login Home page appear on the screen

SI Registration Page open, Form is divided into 5 tabs.

Two types of Security Interest transaction

Options available for Asset Category

Select appropriate option and fill details in mandatory fields.

Multiple borrowers can be added by clicking on Add Borrower.

Multiple asset owner can be added by clicking on Add Asset Owner.

Click on Submit to register/submit the SI Registration transaction in CERSAI Registry.

SI Registration transaction successfully registered in Central Registry.

Fill the Form and click Save as Draft button.

Draft transaction is available under My Worklist -> User Drafted Transaction

Transaction is visible in User Drafted Transaction screen

Key Features of SI/AO Registration

1) Once a record is validated, you can submit it

Options available to user for Matching Assets

Enter SI Id to be rectified and click on Submit

Select Reason for Omission / Mis-Statement Category

Enter Reason for Omission / Mis-Statement

Rectification Transaction Id visible in Govt. Worklist.

Transaction is successfully approved by Central Government

After Govt. approval, transaction goes to User Worklist

Transaction approved by Central Govt. is displayed on the user screen.

User need to Approve the Transaction at his/her end too.

Rectification transaction successfully completed in CERSAI Registry.

Key Features of SI/AO Rectification

a) No matching asset found

b) Matching asset found

Options available to user for Matching Assets

Enter SI Id to be modified and click on Submit

SI Modification Page open

Two Types of Modification option is available to user

(1) Transfer of Charge

For Type of Modification - Others

Updated Total Security Amount and Type of Charge

SI Modification Transaction successfully completed in CERSAI Registry

Key Features of SI/AO Modification

1) Normal Fee is applicable in SI Modification

Enter SI Id that needs to be Satisfy and click on Proceed

SI Satisfaction Page open.

Fill details in Satisfaction Form and click on Confirm Satisfaction

SI Satisfaction transaction is successfully completed in CERSAI Registry

Key Features of SI Satisfaction

1) Two types of Satisfaction Transaction:

Update Address Master

Update Address Master Page open.

Enter Address Master details that needs to be updated.