(1) For the purposes of this Act, a record called the Central Register shall be kept at the head office of the Central Registry for entering the particulars of the transactions relating to-
(a) securitisation of financial assets;
(b) reconstruction of financial assets; and
(c) creation of security interest.
(2) Notwithstanding anything contained in sub-section (1), it shall be lawful for the Central Registrar to keep the records wholly or partly in computer, floppies, diskettes or in any other electronic form subject to such safeguards as may be prescribed.
(3) Where such register is maintained wholly or partly in computer, floppies, diskettes or in any other electronic form, under sub-section (2), any reference in this Act to entry in the Central Register shall be construed as a reference to any entry as maintained in computer or in any other electronic form.
(4) The register shall be kept under the control and management of the Central Registrar.
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