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    <description>CERSAI records securitization, asset reconstruction and creation, modification or satisfaction of security interest, maintained by a Central Registrar and officers, with electronic entries treated as register entries. Prescribed forms and electronic authentication methods govern filings for mortgages, hypothecation, intangible assets and attachment orders; fees apply and the Central Government may require retrospective registration. Post registration duties require notice of satisfaction or modification, the Registrar records memoranda of satisfaction or notes of dispute, the register is open for inspection for prescribed fees, and the Government may allow rectification or extension of filing time on equitable terms.</description>
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