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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

CERSAI Introduced New Functionality for Capturing Source of Fund

01-Jul-2025 | NA

CERSAI has introduced a new feature to capture additional details while registering a Security Interest (SI) charge with effect from 01st July 2025. 1. Entities must now provide: a. Type of lending (Own fund/On Lending/Re-Finance), b. Source of Fund Entity ID (i.e., the entity that provided funds), and c. Source of Fund Security Interest ID (linked to the portfolio charged by the funding entity). 2. If an entity (Entity B) wants to change the source of funds from one entity (Entity A) to another (Entity C), two situations apply: a. Scenario 1: If Entity A has already satisfied its charge, Entity B can directly update the source of fund details. b. Scenario 2: If the charge is not satisfied, Entity B can request changes, but they will be applied only after approval from Entity A on the CERSAI portal. The feature is now live on the CERSAI portal, and entities can refer to updated manuals and FAQs for guidance.

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