law: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
  25. Securitisation
  
  company or reconstruction company or secured creditors to report satisfaction
  
  of security interest.- 
  1.     
  
    The
  
  securitisation company or reconstruction company or the secured creditor as the
  
  case may be, shall give intimation to the Central Registrar of the payment or
  
  satisfaction in full, of any security interest relating to the securitisation
  
  company or the reconstruction company or the secured creditor and requiring
  
  registration under this Chapter, within thirty days from the date of such payment
  
  or satisfaction.
  2.     
  
    The
  
  Central Registrar shall, on receipt of such intimation, cause a notice to be
  
  sent to the securitisation company or reconstruction company or the secured
  
  creditor calling upon it to show cause within a time not exceeding fourteen
  
  days specified in such notice, as to why payment or satisfaction should not be
  
  recorded as intimated to the Central Registrar.
  3.     
  
    If
  
  no cause is shown, the Central Registrar shall order that a memorandum of
  
  satisfaction shall be entered in the Central Register.
  4.     
  
    If
  
  cause is shown, the Central Registrar shall record a note to that effect in the
  
  Central Register, and shall inform the borrower that he has done so.