The Central Government may, by notification, delegate its powers and functions under this Chapter, in relation to establishment, operations and regulation of the Central Registry to the Reserve Bank, subject to such terms and conditions as may be prescribed.
(1) The Central Government may, by notification, appoint a person for the purpose of registration of transactions relating to securitisation, reconstruction of financial assets and security interest created over properties, to be known as the Central Registrar.
(2) The Central Government may appoint such other officers with such designations as it thinks fit for the purpose of discharging, under the superintendence and direction of the Central Registrar, such functions of the Central Registrar under this Act as he may, from time to time, authorise them to discharge.
Section 16 No compensation to directors for loss of office
Section 17 Application against measures to recover secured debts
Section 17A Making of application to Court of District Judge in certain cases
Section 18 Appeal to Appellate Tribunal
Section 18A Validation of fees levied
Section 18B Appeal to High Court in certain cases
Section 18C Right to lodge a caveat
Section 19 Right of borrower to receive compensation and costs in certain cases
Section 20A Integration of registration systems with Central Registry
Section 20B Delegation of powers, Section 21 Central Registrar
Section 22 Register of securitisation, reconstruction and security interest transactions
Section 24 Modification of security interest registered under this Act
Section 26B Registration by secured creditors and other creditors
Section 26C Effect of the registration of transactions, etc
Section 26D Right of enforcement of securities, Section 26 E Priority to secured creditors