a) Each and every Construction Equipment/Vehicle/Machine viz. Excavator, Backhoe Compactor Roller, Mobile Crane, Dozer, Fork Lift Truck etc. which is rubber tyred, (including pneumatic tyred), rubber padded or steel drum wheel mounted and self-propelled is to be invariably REGISTERED with the concerned Transport Authorities.
b) Bank’s charge on the hypothecated Equipment/ Vehicle /Machine should be got recorded with the concerned RTO / ARTO as well as VAHAN Central Register (wherever applicable).
c) In case of Companies, Bank’s charge on the Equipment/ property mortgaged should also be registered with Registrar of Companies.
d) In case of Loans collaterally secured by mortgage of tangible collateral, lien shall be marked in relevant revenue records (where ever applicable), besides, charge shall be registered with CERSAI.
e) In case of construction equipments exempted from registration (if any), charge shall be registered with CERSAI.