The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) on May 17, 2024, notified the CERSAI 2.0 Salient Features.
The following has been stated
•User Access and Roles-
oAccess to CERSAI 2.0 application will require a valid Digital Signature
oAny existing User with valid Digital Signature (DS) of any Class will be able to access CERSAI 2.0
oExisting users, after expiry of their current DS, as well as New Users registered in CERSAI 2.0 will necessarily have to procure Class III DS
•Short Messaging Service (SMS)
oApart from the email notifications, an SMS will also be sent to the concerned users of the Entities and CERSAI on their registered mobile number, which has been made mandatory in CERSAI 2.0
oIt is understood that SMS will be delivered and seen immediately, thereby speeding up the notification and decision making process.
•Offline Functionality (New Feature)
oPresently available for Add Security Interest and Attachment Order Transactions
oDetails of the transactions will be recorded in an excel file downloadable from CERSAI portal
oAny employee of the entity can perform this activity
oNo need to have a CERSAI User ID/Password
oNo need to have a valid Digital Signature
