The Real Estate (Regulation And Development ) Act, 2016

Wfi‘*MW‘IIZWS—IG REGISTERED NO. I) N mans—16 9] IE W fifhe Gang of3nd” EXTRAORDINARY ‘lFl ll-‘E'3’ 1 PARTII—Section1 mt}Wfira PUBLISHED BY AUTHORITY .‘- 1% 11] asfiat, nfirart. first 26. 201mb6, 1933 (w) No.17] NEWDELHI.SATURDAY.MARCH26.2016/CHAITRA6,1938(SAKA) mmfihwfiwfiafitfififiwmfimfimfimmfit Sepannepaging’sgit‘entothisl’artinorderthatitmybefiledasnseparatecompilaflon. MINISTRYOFLAWANDJUSTICE (LegislativeDepartment) NewDelhi. the26thMarch. 2016/Chaitra6. 1938(Saka) The following Act of Parliament received the assent of the President on the 25thMarch.2016. andisherebypublishedforgeneralinformation:— THEREALESTATE(REGULATIONANDDEVELOPMENT)ACT.2016 No. 16 OF 2016 [25thMarch.2016.] An Acttoestablish the Real EstateRegulatoryAuthority forregulation and promotionofthe real estate sectorand toensure sale ofplot. apartmentor building,asthecasemaybe.orsaleofrealestateproject.inanefficientand transparentmannerandtoprotecttheinterestofconsumersintherealestate wctorandtoestablishanadjudicatingmechanismforspeedydisputeredressal andalsotoestablishtheAppellateTribunaltohearappealsfromthedecisions, directionsorordetsoftheRealEstateRegulatoryAuthorityandtheadjudicating ofiioerandformattersconnectedthereudthorincidentalthereto, BE it enacted by Parliament in the Sixty-seventh Yearofthe Republic ofIndia 8' follows:— . CHAPTER1 Pneummttv l.(I)'nusActmaybecalledtheRealEstate(RegulationandDevelopment)Act.2016. Short title. (2)ItextendstothewholeofIndiaexcepttheStateofJammuandKashmir. extent and commence- (3)ItshallcomeintoforceonsuchdateastheCentralGovemmentmay.bynotification meat. intheOfficialGazette.appoint: Scanned by CamScanner 2 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— ProvidedthatdifferentdatesmaybeappointedfordifferentprovisionsofthisActand any reference in any suchprovisionto thecommencement ofthisAct shallbe construedas areferencetothe comingintoforce ofthatprovision. D°fi“m°“s- 2.In this Act. unless the contextotherwise requires,— (a) "adjudicating officer" means the adjudicating officer appointed under sub-section (1) ofsection 71; (b) "advertisement" means any document described orissued as advertisement throughany mediumandincludesanynotice.circularorotherdocumentsorpublicity inanyform.informingpersonsaboutarealestateproject,orofferingforsaleofaplot, buildingorapartmentorinvitingpersonstopurchaseinanymannersuchplot,building or apartment or to make advances or deposits forsuch purposes; (c) "agreementforsale" meansanagreemententeredintobetweenthepromoter and the allohttee; “ (d)"allottee" inrelationtoarealestateproject,meansthepersontowhomaplot, apartmentorbuilding,asthecasemaybe.hasbeenallotted, sold(whetherasfreehold or leasehold) or otherwise transferred by the promoter, and includes the person who subsequently acquires the said allotment through sale, transferorotherwisebut does notinclude apersontowhomsuchplot, apartmentorbuilding, as thecasemaybe, is given on rent; ' (e) "apartment" whether called block, chamber, dwelling unit, flat. office, showroom,shop,godown, premises,suit,tenement,unitorbyanyothername, means aseparate and self-containedpartofany immovableproperty, includingone ormore rooms or enclosed spaces, located on one or more floors or any part thereof, in a buildingoronaplotofland,usedorintendedtobeusedforanyresidentialorcommercial use such as residence, office, shop, showroom or godown or for carrying on any business. occupation, profession ortrade,orforanyothertype ofuseancillarytothe purpose specified; (f) "AppellateTribunal " means theReal EstateAppellateTribunal established under section 43; (g) "appropriateGovernment" meansinrespectofmattersrelatingto,— (i)theUnionterritorywithoutLegislature,theCentralGovernment; (ii)theUnionterritoryofPuduchcrry,theUnionterritoryGovernment; (iii)theUnionterritoryofDelhi,theCentralMinistryofUrbanDevelopment; (iv) theState,theStateGovernment; (h) "architect" meansapersonregisteredasanarchitectundertheprovisionsof theArchitectsAct, 1972; 20 of 1972. (1') "Authority" means the Real Estate RegulatoryAuthority established under sub-SW: (i) "building" includesanystructureorerectionorpanofastructureorerection which is intended to be used for residential. commercial or for the purpose of any business. occupation. profession or trade. or for any other related purposes; (k) "carpet area" means the net usable floorareaofanapartment. excludingthe area covered by the external walls, areas underservices shafts. exclusive balcony or verandah area and exclusive open terrace area. but includes the area covered by the internalpartitionwallsoftheapartment. Scanned by CamScanner 'ar 339‘ 1] THEGAZETTEOFINDIAEXTRAORDINARY 3 whichisappurtenanttothenetusablefloortueaot'anapartment.meantfortheexclusive use ofthe allottee: and "exclusive open terrace area“ tneans the area ofopen terrace whichisappurtenanttothenetusablefloorareaofanapartment.tneantfortheexclusive use ofthe allottee: (I)“Chairperson"meanstheChairpersonoftheRealEstateRegulatoryAuthority appointed under section 2l: (m) "commencement certificate" means the commencement certificate or the building pomerrnit. by whatever name called issued by the competentauthoritytoalloworperrrritthepromotertobegindevelopmentworksonan mmova e prope y. as per the sanctionedplan: (It) "commonare s" mean— (i)theentirelandfortherealestateprojectorwheretheprojectisdeveloped inphasesandregrstratronunderthisActissoughtforaphase.theentirelandfor that phase; (it)thestaircases.lifts.staircaseandliftlobbies.firescapes.andcommon entrances andexits ofbuildings; (iii)thecommonbasements,terraces.parks.playareas.openparkingareas and common storage spaces: (iv)thepremisesforthelodgingofpersonsemployedforthemanagement ofthe property including accommodation for watch and ward staffs orforthe lodging ofcommunity service personnel; (v) installations of central services such as electricity. gas. water and sanitation,air-conditioningandincinerating.systemforwaterconservationand renewable energy; (vi) the water tanks. sumps. motors. fans. compressors. ducts and all apparatus connected with installations forcommon use; (vii)allcommunityandcommercialfacilitiesasprovidedintherealestate project; (viii) all other portion of the project necessary or convenient for its maintenance.safety,etc.. andincommonuse; (0) "com a " means a company incorporated and registered under the 18 of2013. CompaniesAct.2013andincludes.— M. (i) a corporation established byorunderany CentralActorStateAct; (it) a development authority or any public authority established by the Govermnentinthis behalfunderanylawforthetimebeingin force: (p) "competent authorit " mezurs the localauthority orany authoritycreatedor established underany law forthe time beingin forceby theappropriateGovernment which exercises authority over land under its jurisdiction. and has powers to give permission fordevelopmentofsuchimmovableproperty; f (q) "com letion certificate" means the completion certificate. or such other certificate.by whatevernamecalled. issuedbythecompetentauthoritycertifyingthat the real estate project has been developed according to the sanctioned plan. layout 1: planand specifications. as approvedby thecompetentauthority underthe local laws; (r)"day"meanstheworkingday.intheconcernedStateorUnionterritory.asthe casemaybe.notifiedbytheappropriateGovernmentfromtimetotime; Scanned by CamScanner THEGAZETTEOFINDIAEXTRAORDINARY [PART — .(s)"development"withitsgrammaticalvariationsandcognateexpressions,means carryingoutthedevelopmentofimmovableproperty, engineeringorotheroperations in,on, overorunderthelandorthemakingofanymaterialchangeinanyimmovable property orland and includes re-development; (t) "development works" means the external development works and internal developmentworkson immovableproperty; (u) "engineer" means aperson whopossesses abachelor's degreeorequivalent fromaninstitutionrecognisedbytheAllIndiaCouncilofTechnicalEducationorany University or any institution recognised under a law or is registered as an engineer underanylawforthetimebeinginforce; (v) "estimated cost of real estate project" means the total cost involved in developingtherealestateprojectandincludesthelandcost, taxes,cess, development and other charges; ’— "".' "——-_' .————" (w) "externaldevelopmentworks"includesroadsandroadsystemslandscaping, watersupply,seweageanddrainagesystems,electricitysuplytransformer,sub-station, solidwastemanagementanddisposaloranyotherworkwhichmayhavetobeexecuted in theperiphery of, oroutside, aprojectforitsbenefit, as may beprovidedunderthe locallaws; (x) "family" includeshusband, wife, minorsonand unmarried daughterwholly dependent on a person; 0) "garage"meansaplacewithinaprojecthavingaroofandwallsonthreesides for parking any vehicle, but does not include an unenclosed or uncovered parking space such as open parking areas; (2) "i movableproperty" includesland.buildings,rightsofways, lightsorany other benefit arising out of land and things attached to the earth or permanently fastened to anything which is attachedto the earth, butnot standing timber, standing crops or grass; (za) "interest"meanstheratesofinterestpayablebythepromoterortheallottee, asthe case maybe. Explanation—For the purpose ofthis clause— (i)therateofinterestchargeablefromtheallotteebythepromoter,incase ofdefault,shallbeequal totherateofinterestwhichthepromotershallbeliable to paythe allottee, incaseofdefault; (ii) the interest payable by the promoter to the allottee shall be from the datethepromoterreceivedtheamountoranypartthereoftillthedatetheamount orpartthereofandinterestthereon isrefunded, andthe interestpayableby the allotteetothepromotershallbefromthedatetheallotteedefaultsinpaymentto thepromotertill thedateitispaid; (zb)"intemaldevelopmentworks"meansroads,footpaths,watersupply,sewers, drains,parks,treeplanting,streetlighting,provisionforcommunitybuildingsandfor treatment and disposal of sewage and sullage water, solid waste management and disposal, water conservation, energy management, fire protection and fire safety ‘ requirements,socialinfrastructuresuchaseducationalhealthandotherpublicamenities _ l orany otherwork in aproject forits benefit, as per sanctionedplans; (zc) "local authority" means the Municipal Corporation or Municipality or Panchayatmmal Body conmforthe time being in forceforprovidingmunicipalservicesorbasicservices.asthecasemaybe,inrespect ofareas underitsjurisdication; Scanned by CamScanner SEC-1] THEGAZE'ITEOFINDIAEXTRAORDINARY 5 (zd) "Member" means the member of the Real Estate Regulatory Authority appointedunder section 21 and includes the Chaiperson; (ze)"notification"meansanotificationpublishedintheOfficialGazetteandthe expression "notify" shall be construed accordingly; (If) "occupancy certificate" means the occupancy certificate, or such other certificate by whatever name called, issued by the competent authority permrtting occupationofanybuilding,asprovidedunderlocallaws,whichhasprovrsronforc1v1c infrastructure such as water, sanitationandelectricity; (zg) "Person" includes,— __',.__ (i)anindividual; ‘(ii)aHinduundividedfamily; (iii)acompany; 9 of 1932. (iv)afirmundertheIndianPartnershipAct, 1932ortheLimitedLiability 6 °f2009- PartnershipAct,2008,asthecasemaybe; (v) acompetentauthority; (vi)anassociationofpersonsorabodyofindividualswhetherincorporated or not; (vii)aco-operativesocietyregisteredunderanylawrelatingtoco—operative societies; (viii) any such other entity as the appropriate Government may, by notification,specifyinthisbehalf; (zh) "planning area" means a planning area or a development area or a local planning areaoraregional developmentplan area, bywhatevernamecalled, orany otherareaspecifiedassuchbytheappropriateGovernmentoranycompetentauthority and includes any area designated by the appropriate Government or the competent authoritytobeaplanningareaforfutureplanneddevelopment,underthelawrelating toTownandCountryFlamingforthetimebeinginforceandasrevisedfromtimeto time; (zi) "prescribed" meansprescribedbyrulesmadeunderthisAct; (zj) "project" meanstherealestateprojectasdefinedincluase(zn); (21:) "promoter"means,— (i) aperson who constructs orcauses to be constructed an independent buildingorabuildingconsistingofapartments,orconvertsanexistingbuilding or apartthereofinto apartments, forthe purpose ofselling all orsomeofthe apartments to other persons and includes his assignees; or (ii) apersonwhodevelopslandintoaproject, whetherornottheperson alsoconstructsstructuresonanyoftheplots,forthepurposeofsellingtoother persons all or some of the plots in the said project. whether with or without structures thereon; or (iii) any development authority or any other public body in respect of allotteesof— (a) buildings or apartments. as the case may be. constructed by suchauthorityorbodyonlandsownedbythemorplacedattheirdisposal bytheGovernment;or Scanned by CamScanner THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— (b)plotsownedbysuchauthorityorbodyorplacedattheirdisposal bytheGovernment, forthepurposeofsellingallorsomeoftheapartmentsorplots;or (iv)anapexStatelevelco-operativehousingfinancesocietyandaprimary co—operative housing society which constructs apartments or buildings forits Members orinrespectoftheallotteesofsuchapartmentsorburldmgs; or (v) anyotherperson whoactshimselfasabuilder,coloniser,contractor, developer, estatedeveloperorby anyothernameorclaims tobeactingas the holderofapowerofattorneyfromtheownerofthelandonwhichthebuildingor apartmentisconsuuctedorplotisdevelopedforsale;or (vi)suchotherpersonwhoconstructs anybuildingorapartmentforsale tothegeneralpublic. Explanation—For the purposes of this clause, where the person who constructsorconvertsabuildingintoapartmentsordevelopsaplotforsaleand the persons who sells apartments or plots are different persons, both ofthem shall be deemed to be thepromoters and shall bejointly liable as such for the functions and responsibilities specified, under this Act or the rules and regulations made thereunder; (zl) "prospectus" means any document described orissued as a prospectus or any notic—e, circ.u—lar, or"otherdocumentofferi.ngforsale oranyreal estate prO.jector inviting any person to make advances ordeposits forsuch purposes; (zm) "realestateagent" means anyperson, whonegotiates oracts onbehalfof oneperson in a transaction oftransferofhis plot, apartment orbuilding, as the case maybe.inarealestateproject,bywayofsale,withanotherpersonortransferofplot, apartment or building, as the case may be, ofany otherperson to him and receives remuneration orfeesorany othercharges forhis services whetheras commissionor otherwise and includes a person who introduces, through any medium, prospective buyersandsellerstoeachotherfornegotiationforsaleorpurchfiplot,apfififit ‘07building,asfitecasemaybe,andincludespropertydealers,brokers,middlemenby whatevernamecalled; V" (m) "real estate project" means the development of a building or a building consisting of apartments, or converting an existing building or a part thereof into apartments,orthedevelopmentoflandintoplotsorapartment,asthecasemaybe.for the purpose ofselling all or some ofthe said apartments orplots orbuilding, as the casemaybe.andincludesthecommonareas,thedevelopmentworks,allimprovements andstructuresthereon, andalleasement, rightsandappurtenancesbelongingthereto; (zo) "regulations" means theregulationsmadeby theAuthority underthisAct: (21)) "rule"meanstherulesmadeunderthisActbytheappropriateGovernment: (zq) "sanctionedplan" meansthe siteplan,buildingplan. serviceplan, parking andcirculationplan, landscapeplan.layoutplan,zoningplanandsuchotherplanand includesstructuraldesigns.ifapplicable.permissionssuchasenvironmentpermission and such other permissions, which are approved by thecompetent authority priorto startofareal estate project; (zr)wordsandexpressionsusedhereinbutnotdefinedinthisActanddefinedin anylawforthetimebeinginforceorinthemunicipallawsorsuchotherrelevantlaws oftheappropriateGovernmentshallhavethesamemeaningsrespectivelyassignedto theminthoselaws. Scanned by CamScanner ,- __A . "W" ”rim - SBC. 1] THEGAZE’I'I’EorINDIAEXTRAORDINARY 7 CHAPTERH REGISTRATION orREALESTATEmowerANDREGIS’I‘RATIONorREALESTATEAGENTS \Al)Nopromotershalladvertise,market,book,sellorofferforsale,orinvitepersons prior to purchase in any mannerany plot, apartmentorbuilding, as thecasemaybe, in any real feglsmnon . . . . . . . . ofreal estate estate prOJect or part ofIt, In any planmng area, Without registering the real estate project project with with the Real Estate RealatoryAuthority establishedunderthisAct: Real lEstate Regu atory Providedthatprojects thatare ongoingon thedateofcommencementofthisActand Authority. forwhichthecompletioncertificatehasnotbeenissued,thepromotershallmakeanapplication totheAuthority forregistrationofthe saidprojectwithinaperiodofthreemonthsfromthe dateofcommencementofthisAct: Provided furtherthatiftheAuthority thinks necessary, in theinterestofallottees, for projects whicharedevelopedbeyondtheplanningareabutwiththerequisitepermissionof the local authority, it may, by order, directthe promoterofsuchprojectto registerwiththe Authority, andtheprovisionsofthisActortherulesandregulations madethereunder, shall apply to such projects from that stage ofregistration. /(2)Notwithstandinganything containedin sub-section(1), noregistrationofthereal estateproject shall be required—— (a)wheretheareaoflandproposedtobedevelopeddoesnotexceedfivehundred squaremetersorthenumberofapartmentsproposedtobedevelopeddoes notexceed eight incluswe ofall phases: ‘fifi —___—’-# Provided that, if the appropriate Government considers it necessary, it may, reduce the threshold below five hundred square meters or eight apartments, as the casemaybe,inclusiveofallphases,forexemptionfromregistrationunderthisAct; (b)wherethepromoterhasreceivedcompletioncertificateforarealestateproject priortoconunencementofthisAct; / (c) for the purpose ofrenovation or repair or re—development which does not involve marketing, advertising selling or new allotment of any apartment, plot or building, as thecase may be, underthereal estate project. Explanation—Forthepurposeofthissection. wheretherealestateprojectisto bedevelopedinphases,every suchphaseshallbeconsideredastandalonerealestate project, and the promoter shall obtain registration under this Act for each phase separately. f”..— 4.(1)EverypromotershallmakeanapplicationtotheAuthorityforregistrationofthe Application real estateprojectin such form,manner, within such time and accompanied by suchfeeas for' _ maybe specified by theregulations made bytheAuthogtx 33:33:82” projects. V6.The promoter shall enclose the following documents along with the application referredtoin sub-section (1),namely:— (a)abriefdetailsofhisenterpriseincludingitsname,registeredaddress.typeof enterprise (proprietorship. societies. partnership. companies. competent authority), and the particulars ofregistration. and the names and photographs ofthe promoter; (17)abriefdetailoftheprojects launchedby him, inthepastfiveyears, whether alreadycompletedorbeingdeveloped.asthecasemaybe.includingthecurrentstatus ofthe said projects, any delay in its completion. details ofcases pending, details of it, .- i .3 t 1, . I _. t ._~,_ .. ., | .~ ! ._ Scanned by CamScanner THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— (c)anauthenticatedcopyoftheapprovalsandcommencementcertificatefrom thecompetentauthorityobtainedinaccordancewiththelawsasmaybeapplicablefor therealestateprojectmentionedintheapplication,andwheretheprojectisproposed tobedevelopedinphases.anauthenticatedcopyoftheapprovalsandcommencement certificatefromthecompetentauthorityforeach ofsuchphases; (d) the sanctionedplan, layout plan and specifications oftheproposedproject orthephasethereof, andthewholeprojectassanctionedbythecompetentauthority; (e) the plan ofdevelopmentworksto beexecutedin theproposedproject and theproposedfacilitiestobeprovidedthereofincludingfirefightingfacilities,drinking waterfacilities,emergencyevacuationservices,useofrenewableenergy; (1‘)thelocationdetailsoftheproject,withcleardemarcationoflanddedicatedfor theprojectalong withits boundaries includingthelatitude andlongitudeoftheend points ofthe project; (g)proformaoftheallotmentletter.agreementforsale,andtheconveyancedeed proposed to be signed with the allottees; (h) the number, type and the carpet area ofapartments for sale in the project alongwiththeareaoftheexclusivebalconyorverandahareasandtheexclusiveopen terraceareasapartmentwiththeapartment,ifany; (i)thenumberandareasofgarageforsaleintheproject; (i) the names and addresses ofhis real estate agents, ifany. forthe proposed project; (k)thenames andaddressesofthecontractors, architect, structuralengineer,if any and otherpersons concerned with the developmentofthe proposedproject; (I)adeclaration,supportedbyanaffidavit,whichshallbesignedbythepromoter oranypEi's'on atlfirisedby the promoter, stating:— (A)thathehasalegaltitletothelandonwhichthedevelopmentisproposed alongwithlegallyvaliddocumentswithauthenticationofsuchtitle,ifsuchland is owned by anotherperson; (B) that the land is free from all encumbrances, or as the case may be detailsoftheencumbranceson such landincluding anyrights,title, interestor nameofanypartyinoroversuchlandalongwithdetails; (C)thetimeperiodwithinwhichheundertakestocompletetheprojector phase thereof, as thecase maybe; (D)thatseventypercent.oftheamountsrealisedfortherealestateproject fromtheallottees,fromtimetotime,shallbedepositedinaseparateaccountto bemaintainedinascheduledbanktocoverthecostofconstructionandtheland cost and shall be used only for thatpurpose: Providedthatthepromotershallwithdrawtheamountsfromtheseparate account, to cover the cost of the project. in proportion to the percentage of completionoftheproject: Provided further that the amounts from the separate account shall be withdrawnbythepromoterafteritiscertifiedbyanengineer,anarchitectanda chartered accountant in practice that the withdrawal is in proportion to the percentageofcompletion oftheproject: Provided also that thepromotershall gethis accounts auditedwithin six monthsaftertheendofeveryfinancialyearbyacharteredaccountantinpractice, "'- and shall produce a statement of accounts duly certified and signed by such Scanned by CamScanner SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 9 charteredaccountantanditshallbeverifiedduringtheauditthattheamounts collected for a particular project have been utilised for the project and the withdrawal has been in compliance with the proportion to the percentage of completionoftheproject. Explanation.—Forthepurposeofthisclause,theterm "schedulebanlt" means abankincludedin the Second SchduledtotheReserveBank ofIndia 2 of 1934. Act, 1934; (E)thatheshalltakeallthependingapprovalsontime,fromthecompetent authorities; (F)thathehasfurnishedsuchotherdocumentsasmaybeprescribedby therulesorregulationsmadeunderthisAct;and (m)suchotherinformationanddocumentsasmaybeprescribed. (3) The Authority shall operationalise a web based online system for submitting applications for registration ofprojects within a period ofone year from the date ofits establishment. 5. (I) On reciptoftheapplication undersub—section (1) ofsection 4, theAuthority Grant of shallwithinaperiodofthirtydays. ‘eg'mm' . (a) grant registration subject to the provisions ofthis Act and the rules and regulationsmadethereunder, andprovidearegistrationnumber,includingaLoginId andpasswordtotheapplicantforaccessingthewebsiteoftheAuthorityandtocreate hiswebpageandtofilltherein thedetailsoftheproposedproject; or (b) rejecttheapplicationforreasonstoberecordedinwriting,if suchapplication does not conform to the provisions of this Act or the rules or regulations made thereunder: Provided that no application shallberejectedunlesstheapplicanthas been givenan opportunityofbeingheardin thematter. (2)IftheAuthorityfailstogranttheregistration orrejectthe application, as thecase maybe,asprovidedundersub-section(1),theprojectshallbedeemedtohavebeenregistered, andtheAuthorityshallwithinaperiodofsevendaysoftheexpiryofthesaidperiodofthirty days specified under sub-section (1), provide a registration number and a Login Id and password to thepromoterforaccessing thewebsiteoftheAuthority andtocreatehisweb pageandtofilltherein thedetails oftheproposedproject. (3)Theregistrationgrantedunderthissectionshallbevalidforaperioddeclaredby thepromoterundersub-clause(C)ofclause(1)ofsub—section(2)ofsection4forcompletion oftheprojectorphasethereof, as thecasemaybe. 6. The registration granted undersection 5 maybeextendedby theAuthority on an Extension of applicationmadebythepromoterduetoforcemajeure, insuchformandonpaymentofsuch registration. P__._— feeas maybespecifiedbyregulations madebytheAuthority: Provided thattheAuthoritymayinreasonablecircumstances. withoutdefaultonthe pan ofthe promoter. based on the facts of each case. and for reasons to be recorded in writing.extendtheregistration grantedtoaprojectforsuch timeasitconsiders necessary. whichshall.inaggregate.notexceedaperiodofoneyear: Provided further that no application for extension of registration shall be rejected unless the applicant has been given anopportunity ofbeing heard in the matter. Explanation.—Forthe purpose ofthis section. the expression "force majeure" shall meanacaseofwar.flood.drought,fire.cyclone.earthquakeoranyothercalamitycausedby natureaffectingtheregulardevelopmentoftherealestateproject Scanned by CamScanner l. 10 THEGAZETTEOFINDIAEXTRAORDINARY [PARTH— Swank“ 7.(1)TheAuthoritymay,onreceiptofacomplaintorsuomominthisbehalforonthe “mumm- recommendationofthecompetentauthority,revoketheregistrationgrantedundersection5, afterbeingsatisfiedthat— (a)thepromotermakesdefaultindoinganythingrequiredbyorunderthisActor therulesorthe regulations madethereunder; (b)thepromoterviolatesanyofthetermsorconditionsoftheapprovalgivenby the competent authority; (c)thepromoterisinvolvedinanykindofunfairpracticeorirregularities. Explanation—For the purposes of this clause, the term "unfair practice means" a practice which, for the purpose of promoting the sale or development of any real estate projectadoptsanyunfairmethodorunfairordeceptivepracticeincludinganyofthefollowing practices,namely:— (A) the practice of making any statement, whether in writing or by visible representation which,— (0falselyrepresentsthattheservicesareofaparticularstandardorgrade; (ii) represents that the promoter has approval or affiliation which such promoterdoes not have; (iii) makes afalseormisleading representationconcerningtheservices; (B) the promoter permits the publication of any advertisement or prospectus whetherinanynewspaperorotherwiseofservicesthatarenotintendedtobeoffered; (d)thepromoterindulgesin anyfraudulentpractices. (2) The registration granted to the promoter under section 5 shall not be revoked unless theAuthority has given tothepromoternotless than thirty days notice, in writing, stating the grounds on which it is proposed to revoke the registraton, andhas considered any cause shown by the promoter within the period of that notice against the proposed revocation. (3) The Authority may, instead ofrevoking the registration under sub-section (1), permitit toremain in force subject to such furtherterms andconditions as it thinks fitto imposeintheinterestoftheallottees,andanysuchtermsandconditionssoimposedshallbe bindingupon thepromoter. (4)TheAuthority, upontherevocationoftheregistration,— (a)shalldebarthepromoterfromaccessingitswebsiteinrelationtothatproject andspecifyhisnameinthelistofdefaultersanddisplayhisphotographonitswebsite andalsoinformtheotherRealEstateRegulatoryAuthorityinotherStatesandUnion _ territories about such revocation orregistration; (17)shallfacilitatetheremainingdevelopmentworkstobecaniedoutinaccordance withtheprovisionsofsection 8; (c) shalldirectthebankholdingtheproject backaccount.specifiedundersub- clause (D) of clause (I) of sub-section (2) of section 4, to freeze the account. and thereafter take such further necessary actions, including consequent de-freezing of thesaidaccount.towardsfacilitatingtheremainingdevelopmentworksinaccordance withthe provisionsofsection 8; (:1) may. to protect the interest ofallotteesorin the public interest. issuesuch directionsasitmaydeemnecessary. Scanned by CamScanner SBC- 1] THEGAZETTEOFINDIAEXTRAORDINARY ll 8.UponlapseoftheregistrationoronrevocationoftheregistrationunderthisAct,the Obligation of Authority, may consult the appropriate Government to take such action as it may deem fit Authority consequent includingthecarryingoutoftheremainingdevelopmentworksbycompetentauthorityorby upon lapse of the associationofallottees orin any othermanner, asmay bedeterminedby theAuthority: or on revocation of Provided that nodirection. decisionororderoftheAuthority underthis section shall registration. takeeffectuntil theexpiryoftheperiodofappealprovidedundertheprovisionsofthisAct: Provided furtherthatincase ofrevocation ofregistrationofaproject underthisAct, theassociationofallotteesshallhavethefirstrightofrefusalforcarryingoutoftheremaining develop tworks. 9.(I)Norealestateagentshallfacilitatethesaleorpurchaseoforactonbehalfofany Registration p son to facilitate the saleorpurchase ofany plot, apartment orbuilding, as the casemay ofreal estate agents. baitaremstatepr0jectorp‘afififit,beingthepartoftherealestateprojectregisteredfirder section 3, being sold by the promoter in any planning area, without obtaining registration under this section. (2)EveryrealestateagentshallmakeanapplicationtotheAuthorityforregistrationin suchform.manner,withinsuchtimeandaccompaniedbysuchfeeanddocumentsasmaybe prescribed. (3)TheAuthority shall, within suchperiod,insuchmanneranduponsatisfyingitself ofthefulfillmentofsuchconditions. as maybeprescribed— (a)grantasingleregistrationtotherealestateagentfortheentireStateof Union tenitory, as thecase may be; (b)rejecttheapplicationforreasonstoberecordedinwriting,ifsuchapplication does not conform to the provisions of the Act or the rules or regulations made thereunder: Provided that no application shall be rejected unless the applicanthas been given an opportunity ofbeing heardin thematter. (4) Whereon the completion of the period specified under sub-section (3), if the applicant does not receive any communication about the deficiencies inhis application or therejection ofhis application, he shall bedeemedtohavebeen registered. (5) Every real estate agent who is registered as per the provisions ofthis Act orthe rulesandregulationsmadethereunder,shallbegrantedaregistrationnumberbytheAuthority, whichshallbequotedbytherealestateagentineverysalefacilitatedbyhimunderthisAct. (6)Everyregistrationshallbevalidforsuchperiodasmaybeprescribed,andshallbe renewableforaperiod in such mannerand on paymentofsuchfeeasmaybeprescribed. (7) Where any real estate agent who has been granted registration under this Act commitsbreachofanyoftheconditionsthereoforanyothertermsandconditionsspecified underthisActoranyrulesorregulationsmadethereunder,orwheretheAuthorityissatisified that such registration has been secured by the real estate agent through misrepresentation orfraud,theAuthoritymay.withoutprejudicetoanyotherprovisionsunderthisAct.revoke the registration orsuspend the same forsuch period as itthinks fit: Provided thatnosuchrevocationorsuspensionshall bemadebytheAuthorityunless an opportunity ofbeing heard has been given to the real estate agent. 10. Every real estate agentregisteredundersection 9 shall— Functions of real estate (a) not facilitate the sale orpurchase ofany plot. apartment orbuilding. asthe agents. case may be. in a real estate project or part of it. being sold by the promoter in any planningarea, which is notregistered with theAuthority: Scanned by CamScanner 12 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— (b) maintain and preserve such books ofaccount, records and documents as mayprescribed; (c)notinvolvehimselfinanyunfairtradepractices,namely:— (i)thepracticeofmakinganystatement,whetherorallyorinwritingorby visiblerepresentationwhich—- (A)falselyrepresentsthattheservicesareofaparticularstandardor grade; (B)representsthatthepromoterorhimselfhasapprovaloraffiliation whichsuchpromoterorhimselfdoesnothave; (C) makes a false or misleading representation concerning the services; (ii) permitting the publication of any advertisement whether in any newspaperorotherwiseofservices that arenotintended tobeoffered. (d)facilitatethepossessionofalltheinformationanddocuments,astheallottee, isentitledto,atthetimeofbookingofanyplot,apartmentorbuilding,asthecasemay be; (e) discharge suchotherfunctions as maybeprescribed. CHAPTERIII FUNcrions AND DUTIES OFPROMOTER Functions and 11.(1)Thepromotershall,uponreceivinghisLoginIdandpasswordunderclause(g; du'i“ 0f ofsub-section (1) orundersub-section (2) ofsection5, as thecase maybe, createhis web Prommer' pageonthewebsiteoftheAuthorityandenteralldetailsofth'eproposedprojectasprovided undersub-section(2)ofsection4,inallthefieldsasprovided,forpublicviewing,including— (a) details oftheregistration granted bytheAuthority; (b)quarterly up-to-datethe listofnumberandtypes ofapartments orplots, as thecasemay be,booked; (c) quarterly up-to-datethe listofnumberofgaragesbooked; (d) quarterlyup-to—datethelistofapprovalstakenandtheapprovalswhichare pending subsequent to commencementcertificate; (e) quarterly up-to-date status oftheproject; and (f)suchotherinformationanddocumentsasmaybespecifiedbytheregulations madebytheAuthority. (2)Theadvertisementorprospectusissuedorpublishedbythepromotershallmention prominentlythewebsiteaddressoftheAuthority,whereinalldetailsoftheregisteredproject havebeenenteredandincludetheregistrationnumberobtainedfromtheAuthorityandsuch othermatters incidentalthereto. (3) The promoter at the time of the booking and issue of allotment letter shall be responsibletomakeavailabletotheallottee,thefollowinginformation.namely:— (a) sanctioned plans, layout plans. along with specifications. approved by the competentauthority, bydisplayatthesiteorsuchotherplaceasmay bespecifiedby theregulations made by theAuthority; (b) the stage wise time schedule of completion of the project. including the provisionsforcivicinfrastructurelikewater,sanitationandelecu'icity. Scanned by CamScanner SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY l3 (4)Thepromotershall— (a) be responsible for all obligations, responsibilties and functions under the provisionsofthisActortherulesandregulationsmadethereunderortotheallottees aspertheagreementforsale,ortotheassociationofallottees,asthecasemaybe,till the conveyance ofall the apartments. plots or buildings, as the case may be. to the allottees,orthecommonareastotheassociationofallotteesorthecompetentauthority, asthecasemay be: Provided that the responsibility ofthe promoter, with respect to the structural defect or any other defect for such period as is referred to in sub-section (3) of section 14, shall continueevenaftertheconveyancedeed ofall theapartments.plots orbuildings, asthecasemay be, totheallottees areexecuted. (b)beresponsibletoobtainthecompletioncertificateortheoccupancycertificate, orboth,asapplicable,fromtherelevantcompetentauthorityasperlocallawsorother lawsforthetimebeinginforceandtomakeitavailabletotheallotteesindividuallyor totheassociation ofallottees, as the case may be; (c)beresponsibletoobtaintheleasecertificate, wherethereal estateprojectis developed on a leasehold land, specifying the period oflease, and certifying thatall duesandchargesinregardtotheleaseholdlandhasbeenpaid, andtomakethelease certificate availableto theassociation ofallottees; (d) be responsible for providing and maintaining the essential services, on reasonable charges, till the taking over of the maintenance of the project by the association ofthe allottees; (e)enabletheformation ofan associationorsocietyorco-operativesociety.as thecasemaybe,oftheallottees,orafederationofthesame.underthelawsapplicable: Provided that in the absence of local laws, the association of allottees, by whatevernamecalled,shallbeformedwithinaperiodofthreemonthsofthemajority ofallotteeshavingbooked theirplotorapartmentorbuilding,as thecasemaybe,in the project; 0‘) execute aregistered conveyancedeedoftheapartment,plot orbuilding, as thecasemaybe, infavouroftheallotteealongwiththeundividedproportionatetitle inthecommonareastotheassociationofallotteesorcompetentauthority,asthecase maybe, asprovidedundersection 17ofthisAct; (g)payall outgoingsuntilhetransfersthephysicalpossessionoftherealestate projecttotheallotteeortheassociationsofallottees,asthecasemaybe.whichhehas collectedfromtheallottees,forthepaymentofoutgoings(includinglandcost,ground rent,municipalorotherlocaltaxes.chargesforwaterorelectricity.maintenancecharges, including mortgage loan and intereston mortgages orotherencumbrances and such other liabilities payable to competent authorities, banks and financial institutions. whicharerelatedtotheproject): Providedthatwhereanypromoterfailstopayalloranyoftheoutgoingscollected by him from the allottees orany liability. mortgageloan and interest thereonbefore transferringtherealestateprojecttosuchallottees,ortheassociationoftheallottees, asthecasemaybe.thepromotershallcontinuetobeliable,evenafterthetransferof the property. to pay such outgoings and penal charges. if any. to the authority or persontowhom they are payable and be liable forthe costofany legal proceedings which may be taken thereforby such authorityorperson; (’1)afterheexecutesanagreementforsaleforanyapartment.plotorbuilding,as thecasemaybe.notmortgageorcreateachargeonsuchapartment.plotorbuilding. ' ~Mfmaybmmdifnnysuchmortgageorchargelsmdeormtedm Scanned by CamScanner 14 THEGAZETTEOFlNDIAEXTRAORDINARY [PARTII— notwithstandinganythingcontainedinanyotherlawforthetimebeinginforce,itshall not affectthe rightand interestoftheallotteewhohastaken oragreed to takesuch apartment.plotorbuilding,asthecasemaybe; (5)Thepromotermaycanceltheallotmentonlyintermsoftheagreementforsale: ProvidedthattheallotteemayapproachtheAuthorityforrelief,ifheisaggrievedby suchcancellationandsuchcancellationisnotinaccordancewiththetermsoftheagreement forsale,unilateral andwithoutanysufficientcause. (6)Thepromotershallprepareandmaintainallsuchotherdetailsasmaybespecified. fromtimetotime,byregulationsmadebytheAuthority. Obligations 12.Whereany person makesanadvanceoradepositonthebasisoftheinformation of promoter containedinthenoticeadvertisementorprospectus,oronthebasisofanymodelapartment, regarding veracity of plot or building, as the case may be, and sustains any loss or damage by reason of any the incorrect, false statementincluded therein, he shall becompensatedby thepromoterinthe advertisement manneras providedunderthisAct: or prospectus. Providedthatifthepersonaffectedbysuchincorrect,falsestatementcontainedinthe notice, advertisement orprospectus, or the model apartment, plotor building, as the case may he, intends to withdraw from the proposed project, he shall be returned his entire investmentalongwithinterestatsuchrateasmaybeprescribedandthecompensationinthe mannerprovided underthisAct. No deposit or 13. (I) A promoter shall not accept a sum more than ten percent ofthe cost ofthe advance to be apartment.plot,orbuildingasthecasemaybe,asanadvancepaymentoranapplicationfee, taken by from aperson withoutfirstenteringintoawrittenagreementforsalewith suchpersonand promoter without first registerthesaidagreementforsale,underanylawforthetimebeinginforce. entering into agreement for (2)Theagreementforsalereferredtoinsub-section(1)shallbeinsuchformasmaybe sale. prescribed and shall specify the particulars of development of the project including the constructionofbuildingandapartments,alongwithspecificationsandinternaldevelopment worksandexternaldevelopmentworks,thedatesandthemannerbywhichpaymentstowards thecostoftheapartment,plotorbuilding,asthecasemaybe,aretobemadebytheallottees andthedateonwhichthepossessionoftheapartment,plotorbuildingistobehandedover, theratesofinterestpayable by thepromotertotheallotteeandtheallotteeto thepromoter incaseofdefault,and suchotherparticulars,asmaybeprescribed. Adherence to 14. (l) The proposed project shall be developed and completed by the promoter in sanctioned accordance with the sanctioned plans, layout plans and specifications as approved by the plans and competent authorities. project specifications (2) Notwithstanding anything contained in any law, contractoragreement, afterthe by the promoter. sanctioned plans, layout plans and specifications and the nature of the fixtures, fittings, amenities and common areas. of the apartment, plot or building. as the case may be, as approvedbythecompetentauthority,aredisclosedorfurnishedto thepersonwhoagreeto takeoneormoreofthesaidapartment.plotorbuilding,asthecasemaybe,thepromotershall notmake— (i) any additions and alterations in the sanctioned plans. layout plans and specifications and the nature offixtures, fittings and amenities described therein in respectofthe apartment. plot orbuilding. as thecasemaybe. which areagreedtobe ‘r .. taken, without the previous consent ofthat person: Provided that the promotermay make such minoradditions oralterations as may be required by the allottee. or such minorclumges or alterations as may be necessary due to architecturalandstructuralreasonsdulyrecommendedandverifiedbyanauthorisedArchitect orEngineerafterproperdeclarationandintimationtotheallottee. Scanned by CamScanner SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 15 smctfglq‘natwn.—Forthepurposeofthisclause,"minoradditionsoralterations"excludes r c angeincludinganadditiontotheareaorchangeinheight,ortheremovalofpart ofabutldmg, oranychangetothestructure, suchastheconstructionorremoval orcutting mmofanywallorapartofawall,partition,column,beam,joist,floorincludingamezzanine floororothersupport,orachangetoorclosingofanyrequiredmeansofaccessingressor egressorachangetothefixturesorequipment,etc. . (it) any otheralterations oradditions in the sanctionedplans,layoutplans and specifications of the buildings or the common areas within the project without the prevrouswrittenconsentofatleasttwo-thirdsoftheallottees,otherthanthepromoter, whohaveagreedtotakeapartments in such building. Explanation—Forthepurposeofthisclause,theallottees,irrespectiveofthenumber ofapartmentsorplots,asthecasemaybe,bookedbyhimorbookedinthenameofhisfamily, orinthecaseofotherpersonssuchascompaniesorfirmsoranyassociationofindividuals, etc., by whatever namecalled, bookedin its name orbooked in the name ofits associated entities orrelatedenterprises, shall beconsideredas oneallotteeonly. (3)Incaseanystructuraldefectoranyotherdefectinworkmanship,qualityorprovision ofservicesoranyotherobligationsofthepromoteraspertheagreementforsalerelatingto suchdevelopmentis broughtto thenotice ofthepromoterwithin aperiod offiveyears by theallotteefromthedateofhandingoverpossession,itshall bethedutyofthepromoterto rectifysuchdefectswithoutfurthercharge,withinthirtydays,andintheeventofpromoter's failure to rectify such defects within such time, the aggrieved allottees shall be entitled to receive appropriatecompensationin themannerasprovided underthisAct. 15. (1) The promotershall not transferorassign his majority rights andliabilities in Obligations respectofareal estateprojecttoathird party withoutobtainingpriorwrittenconsentfrom Pf Pmmo'" two-thirdallottees,exceptthepromoter,andwithoutthepriorwrittenapprovaloftheAuthority: aggro;a Providedthatsuch transferorassignmentshall notaffectthe allotmentorsaleofthe 3:33;?a apartments, plots or buildings as the case may be, in the real estate project made by the third party. erstwhilepromoter. Explanation—For the purpose of this sub-section, the allottee, irrespective of the numberofapartmentsorplots,asthecasemaybe,bookedbyhimorbookedinthenameof his family, orin thecaseofotherpersons suchascompanies orfirms oranyassociationof individuals, by whatever name called, booked in its name or booked in the name of its associated entities orrelated enterprises, shall be considered as one allottee only. (2) On the transferorassignment being permitted by the allottees and theAuthority under sub-section (1), the intending promoter shall be required to independently comply withallthependingobligationsundertheprovisionsofthisActortherulesandregulations made thereunder, and thepending obligations aspertheagreementforsaleenteredintoby theerstwhilepromoterwiththeallottees: Provided that any transfer or assignment permitted under provisions ofthis section shall not result in extension oftime to the intending promoter to complete the real estate projectandhe shall berequiredtocomply with all thependingobligations oftheerstwhile promoter,andincaseofdefault,suchintendingpromotershallbeliabletotheconsequences ofbreachordelay,asthecasemaybe.asprovidedunderthisActortherulesandregulations madethereunder. 16. (l) The promoter shall obtain all such insurances as may be notified by the Obligations appropriateGovernment, includingbutnotlimitedtoinsuranceinrespectof— 0‘ P3310!“ ‘ regs mg j (i)titleofthe land and buildingasapartoftherealestateproject; and insurance of '- real estate . n1 (ii) construction ofthereal estateproject. project. Scanned by CarnScanner 15 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— (2) The promoter shall be liable to pay the premium and charges in respect ofthe insurancespecified'insubsection(1)andshallpaythesamebeforetransferringthe'insurance to the association ofthe allottees (3) The insurance as specified under sub-section (1) shall stand transferred to the benefit of the allottee or the association of allottees, as the case may be, at the time of promoterenteringintoanagreementforsalewith theallottee. (4) On formation of the association of the allottees. all documents relating to the insurance specified under sub-section (1) shall be handed over to the association of the allottees. TW‘S‘H 0f 17. (I) The promoter shall execute a registered conveyance deed in favour of the title. allotteealongW . iththeundr . vr . dedproporti . onate ti . tle i . nthecommon areas totheassoc-iati-on ofthe allottees orthe competent authority. as the case may be, and hand overthe physical possession of the plot. apartment ofbuilding, as the case may be. to the allottees and the commonareastotheassociationofthcallottecsorthecompetentauthority, asthecasemay be, inarealestate project, and theothertitledocuments pertaining thereto within specified period as per sanctioned plans as provided under the local laws: Provided that, in the absence of any local law, conveyance deed in favour of the allottee or the association of the allottees or the competent authority. as the case may be. underthissectionshallbecarriedoutbythepromoterwithinthreemonthsfromdateofissue ofoccupancy certificate. (2)Afterobtainingtheoccupancycertificateand handingoverphysical possessionto theallotteesintermsofsub—section(1).itshallbetheresponsibilityofthepromotertohand- overthenecessarydocuments andplans. includingcommon areas. to the associationofthe allottees orthecompetentauthority, as thecase may be, asperthe local laws: Providedthat,intheabsenceofanylocallaw,thepromotershallhandoverthenecessary documentsandplans,includingcommonareas,theassociationoftheallotteesorthecompetent authority, as thecase may be, within thiitydays afterobtaining the occupancycertificate. Return of 18.(1)Ifthepromoterfailstocompleteorisunabletogivepossessionofanapartment, amount and plotorbuilding.— compensation. (a)inaccordancewiththetermsoftheagreementforsaleor.asthecasemaybe, duly completedby thedatespecifiedtherein; or (b)duetodiscontinuanceofhisbusinessasadeveloperonaccountofsuspension orrevocationofthe registration underthisActorforany otherreason. heshallbeliableondemandtotheallottees.incasetheallotteewishestowithdrawfromthe project, withoutprejudice to any otherremedy available, to return the amount receivedby himinrespectofthatapartment.plot,building.asthecasemaybe.withinterestatsuchrate asmaybeprescribedinthisbehalfincludingcompensationinthemannerasprovidedunder thisAct: Providedthatwherean allotteedoesnot intendtowithdrawfromtheproject.heshall be paid.

by the promoter. interest for every month of delay, till the handing over of the possession. at such rate as may be prescribed. (2)Thepromotershall compensate theallottees incaseofany losscausedtohimdue ‘ ._ " todefectivetitleoftheland.onwhichtheprojectisbeingdevelopedorhasbeendeveloped. ' in the manner as provided under this Act. and the claim for compensation under this sub- ., A. notbebarredbylimitationprovidedundermylawforthetimebeingiafm Scanned by CamScanner SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 17 A (3)Ifthepromoterwtodischargeanyotherobligationsimposedonhimunderthis ctortherulesorregulationsmadethereunderorinaccordancewiththetermsandconditions oftheagreementforsale,heshallbeliabletopaysuchcompensationtotheallottees,inthe mannerasprovidedunderthisAct. CHAPTERIV RIGHTSANDDUTIESOFALLOTI'EES 19. (I) The allottee shallbe entitledto obtain the informationrelating to sanctioned Rights and plans, layoutplans alongwiththespecifications, approvedbythecompetentauthorityand duties of suchotherinformationasprovidedin thisActortherulesandregulationsmadethereunder allottees. ortheagreementforsalesignedwiththepromoter. _—‘ (2)Theallotteeshallbeentitledtoknowstage-wisetimescheduleofcompletionofthe project, including the provisions for water, sanitation, electricity and other amenities and servicesasagreedtobetweenthepromoterandtheallotteeinaccordancewiththetermsand conditionsofthe agreementforsale. (3)Theallotteeshallbeentitledtoclaimthepossessionofapartment,plotorbuilding, asthecasemay be, andtheassociationofallottees shallbeentitledtoclaimthepossession ofthecommonareas,asperthedeclarationgivenby thepromoterundersub-clause(C)of clause (1)ofsub-section (2) ofsection4. (4)Theallotteeshallbeentitledtoclaimtherefundofamountpaidalongwithinterest at such rate as may be prescribed and compensation in the manner as provided underthis Act,fromthepromoter,ifthepromoterfailstocomplyorisunabletogivepossessionofthe apartment,plotorbuilding,asthecasemaybe,inaccordancewiththetermsofagreementfor sale or due to discontinuance ofhis business as a developer on account ofsuspension or revocation of his registration under the provisions ofthis Act or the rules or regulations madethereunder. (5)Theallotteeshallbeentitledtohavethenecessarydocumentsandplans,including thatofcommonareas,afterhandingoverthephysicalpossessionoftheapartmentorplotor buildingasthecasemaybe, bythepromoter. (6)Everyallottee,whohasenteredintoanagreementforsaletotakeanapartment,plot or building as the case may be, under section 13, shall be responsible to make necessary paymentsin themannerandwithinthetime asspecifiedinthe saidagreementforsaleand shallpayatthepropertimeandplace,theshareoftheregistrationcharges,municipaltaxes, water and electricity charges, maintenance charges, ground rent, and other charges, ifany. (7)Theallotteeshallbeliabletopayinterest,atsuchrateasmaybeprescribed,forany delayinpaymenttowards any amountorcharges tobepaid undersub-section(6). (8) The obligations of the allottee under sub-section (6) and the liability towards interestundersub-section(7)maybereducedwhenmutuallyagreedtobetweenthepromoter and such allottee. (9)Everyallotteeoftheapartment,plotorbuildingasthecasemaybe,shallparticipate towardstheformationofanassociationorsocietyorcooperativesocietyoftheallottees,or afederationofthesame. (10)Everyallotteeshalltakephysicalpossessionoftheapartment,plotorbuildingas thecasemay be, within aperiodoftwo monthsoftheoccupancycertificateissuedforthe saidapartment. plotorbuilding. as thecase may be. (11)Everyallotteeshallparticipatetowardsregistrationoftheconveyancedeed ofthe apartment. plot or building, as the case may be. as provided under sub-section (1) of section 17ofthisAct. Scanned by CamScanner l8 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— CHAPTERV THEREALEsmeREGULATORYAUTHORITY East:bl'Ishmm ' 20.(I)TheappropriateGovernmentshall,withinaperiodofoneyearfromthedateof incorporation comingintoforceofthisAct,bynotification,establishanAuthoritytobeknownastheReal ofReal EstateRegulatoryAuthoritytoexercisethepowersconferredonitandtoperformthefunctions Esme assigned to itunder thisAct: Regulatory . Authority. Providedthatthe appropriateGovemmentoftwoormoreStatesorUnion territories may,ifitdeemsfit,establishonesingleAuthority: Providedfurtherthat,theappropriateGovernmentmay,ifitdeemsfit,establishmore thanoneAuthorityinaStateorUnionterritory.asthecasemaybe: ProvidedalsothatuntiltheestablishmentofaRegulatoryAuthorityunderthis section, the appropriate Government shall, by order, designate any Regulatory Authority or any officerpreferablytheSecretaryofthedepartmentdealingwith Housing,astheRegulatory Authority forthe purposes underthisAct: ProvidedalsothataftertheestablishmentoftheRegulatoryAuthority,allapplications, complaintsorcasespendingwiththeRegulatoryAuthoritydesignated,shallstandtransferred totheRegulatoryAuthoritysoestablishedandshallbeheardfromthestagesuchapplications, complaints orcases aretransferred. (2)TheAuthority shall be a bodycorporate by thename aforesaid havingperpetual succession and a conunon seal, with the power, subject to the provisions ofthisAct, to acquire, hold and dispose ofproperty, both movable and immovable, and to contract, and shall, by thesaidname, sueorbesued. Composition 2 he Authority shall consist ofa Chairperson and not less than two whole time 0fAuthoriw- Members tobeappointed by theappropriateGovernment. Qualifications . The Chairperson and otherMembers oftheAuthority shall be appointedby the 0f appropriateGovernmentontherecommendationsofaSelectionCommitteeconsistingofthe 32:13:33; ChiefJusticeoftheHighCourtorhisnominee,theSecretaryoftheDepartmentdealingwith ofAuthor,” HousingandtheLawSecretary,insuchmannerasmaybeprescribed,fromamongstpersons havingadequateknowledge ofandprofessionalexperienceofat-leasttwentyyearsincase of the Chairperson and fifteen years in the case ofthe Members in urban development, housing,realestatedevelopment,infrastructure,economics,technicalexpertsfromrelevant fields,planning,law,commerce,accountancy,industty,management,socialservice,public affairsoradministration: Providedthatapersonwhois,orhasbeen,intheserviceoftheStateGovernmentshall not be appointed as a Chairperson unless such person has held the post ofAdditional Secretary tothe Central Governmentorany equivalentpostin theCentral Governmentor StateGovernment: Providedfurtherthatapersonwhois,orhasbeen,intheserviceoftheStateGovernment shall notbeappointed asamemberunlesssuchpersonhasheldthepostofSecretarytothe StateGovernmentoranyequivalentpostintheStateGovernmentorCentralGovernment. Term of 23.(1)TheChairpersonandMembersshall holdoffice foratermnotexceedingfive “fl“ °f yearsfromthedateonwhichtheyenterupontheiroffice,oruntiltheyattaintheageofsixty- Chai erson . . . . . . and [P fiveyears, whicheverlSearlierandshallnotbeeligibleforre-appomunent. “mm” (2) Before appointing any person as a Chairperson or Member, the appropriate Government shall satisfy itself that the person does not have any such financial orother Interestasis likelytoaffectprejudicially hisfunctionsas such Member. 3310? and . 24. (l) The salary and allowances payable to. and the other terms and conditions of payab‘i'e'cf: servrceof,‘theChairpersonandotherMembersshallbesuchasmaybeprescribedandshall Chairperson notbe varied to theirdisadvantage during theirtenure. andMembers. Scanned by CamScanner Sec. 1] THEGAZETTEOFINDIAEXTRAORDINARY l9 . (2)Notwithstandinganythingcontai'nedi'nsub-secti'ons 1 and 2 f ' ChairpersonoraMember,asthecasemaybe,may,— ( ) ( )0 530110“23'the . (a) relinquish his office by givingin writing. to theappropriate Govermnent, noticeofnotlessthan threemonths;or (11' A(b)beremovedfromhisofficeinaccordancewiththeprovisionsofsection26of 18 ct. (3)A'ny'vacancycausedtotheofficeoftheChairpersonoranyotherMembershallbe filled-upWithinaperiodofthreemonthsfromthedateonwhichsuchvacancyoccurs. 25.TheChairperson shall havepowers ofgeneral superintendenceand directionsin Administrative theconductoftheaffairsofAuthorityandheshall,inadditiontopresidingoverthemeetings powers of of theAuthority, exercise and discharge such administrative powers and functions ofthe Chairperson. Authorityasmay beprescribed. 26. (1)The appropriateGovernmentmay,inaccordancewiththeprocedurenotified, Removal of remove from office the Chairperson or other Members, ifthe Chairperson or such other Chairperson Member,asthecasemaybe.— and Members from office (a) has been adjudged as an insolvent; or in certain (b)hasbeenconvictedofanoffence,involvingmoralturpitude;or circumstances. (c)hasbecomephysicallyormentallyincapableofactingasaMember;or (d)hasacquiredsuchfinancialorotherinterestasislikelytoaffectprejudicially his functions; or (e) has soabusedhis position as torenderhiscontinuanceinofficeprejudicial tothepublic interest. (2)TheChairperson orMembershall not beremovedfromhis officeontheground specified underclause (d) orclause (2)ofsub-section (1) exceptby an ordermade by the appropriateGovernmentafteraninquirymadebyaJudgeoftheHighCourtinwhichsuch ChairpersonorMemberhasbeeninformedofthechargesagainsthimandgivenareasonable opportunity ofbeing heard in respect ofthose charges. 27.(1)TheChairpersonoraMember. ceasingtoholdofficeassuch,shallnot— Restrictions on (a) accept any employment in. or connected with. the management or Chairperson administration of, any person or organisation which has been associated with any orMembers workunderthisAct, from thedateon whichheceasestoholdoffice: on Provided that nothing contained inthis clause shall apply to any employment employment after undertheappropriateGovernmentoralocalauthorityorinanystatutoryauthorityor cessationof any corporation established by or under any Central, State or provincial Act or a office. Government Company, as defined under clause (45) ofsection 2 oftheCompanies 18 of2013. Act, 2013,which isnotapromoteraspertheprovisionsofthisAct; (b) act, fororon behalfofany person ororganisation inconnection withany specificproceedingortransactionornegotiationoracasetowhichtheAuthorityisa partyandwithrespecttowhichtheChairpersonorsuchMemberhad.beforecessation ofoffice,actedfororprovidedadviceto.theAuthority; (c) give advice to any person using information which was obtained in his capacityastheChairpersonoraMemberandbeingunavailabletoornotbeingableto bemadeavailabletothepublic; (d)enterintoacontractofservicewith.oracceptanappointmenttoaboradof directorsof.oracceptanofferofemploymentwith.anentitywithwhichhehaddirect andsignificantofficialdealingsduringhistermofofficeassuch. (2)TheChairpersonandMembersshallnotcommunicateorrevealtoanypersonany matter which has been brought under his consideration or known to him while acting as such. x/MI“he appropriateGovernment may. inconsultation with theAuthority appoint Officers and such officers and employees as it considers necessary for the efficient discharge oftheir other functions under this Act who would discharge their functions under the general employees of Authority. superintendence oftheChairperson. Scanned by CamScanner 20 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— service (2 o ) f, The sal and allowances a able to and the other terms and conditions of s e suc e , o 15 ii m ice ay rsand r 0 s fthe , em . ployeesoftheAuthoritya PP o 1 ntedund ersub sect - ion(1) M Au ee th ti o n r g i s ty. of of 29d”)'I'heAuthorityshallmeetatsuchplacesandtimes,andshallfollowsuchrules PIOCC lireInregardto thetransactionofbusiness at its meetings, (includingquommat “Ch meetings), as may be specified by theregulations madeby theAuthority. (2)IftheChairpersonforanyreason,isunabletoattend ameetingoftheAuthority, anyotherMemberchosenbytheMemberspresentamongstthemselvesatthemeeting,shall presrdeatthemeeting. (3)AllquestionswhichcomeupbeforeanymeetingoftheAuthorityshallbedecided byamajorityofvotesbytheMemberspresentandvoting,andintheeventofanequalityof votes,theChairpersonorinhisabsence,thepersonpresidingshallhaveasecondorcasting vole. {4) The questions which come up before the Authority shall be dealt with as expeditiouslyaspossibleandtheAuthorityshalldisposeofthesamewithinaperiodofsixty daysfromthedateofreceiptoftheapplication: Provided that where any such application could not be disposed of within the said periodofsixtydays,theAuthorityshallrecorditsreasonsinwritingfornotdisposingofthe applicationwithinthatperiod. Vacancies. 30.No actorproceedingoftheAuthority shallbeinvalidmerely byreasonof— etc., not to (a) any vacancy in, orany defectin the constitution of, theAuthority; or invalidate proceeding of (b) any defect in the appointment of a person acting as a Member of the Authority. Authority; or (c) any irregularityin theprocedureoftheAuthoritynotaffectingthemeritsof the case. Filing of 31.(1)AnyaggrievedpersonmayfileacomplaintwiththeAuthorityortheadjudicating complaints officer,asthecasemaybe,foranyviolationorcontraventionoftheprovisionsofthisActor with the therulesandregulationsmadethereunderagainstanypromoterallotteeorrealestateagent, Authority or asthecaemay be. the adjudicating Explanation—For the purpose of this sub-section "person" shall include the officer. association ofallottees oranyvoluntaryconsumerassociationregisteredunderanylawfor wk— thetimebeinginforce. (2)Theform,mannerandfeesforfilingcomplaintundersub-section(1)shallbesuch as may bespecified byregulations. Functions of 32.TheAuthority shall in orderto facilitate the growth andpromotion ofahealthy, Authority for transparent, efficient and competitive real estate sector make recommendations to the promotion of appropriateGovernmentofthecompetentauthority, asthecasemaybe. on,— real estate sector. (a) protection ofinterest ofthe allottees, promoterandreal estateagent; (b)creationofasinglewindowsystemforensuringtimeboundprojectapprovals andclearancesfortimelycompletionoftheproject; (c) creationofa transparentand robust grievanceredressal mechanismagainst actsofommissionandcommissionofcompetentauthoritiesandtheirofficials; (d)measurestoencourageinvestmentintherealestatesectorincludingmeasures to increase financial assistance to affordable housing segment; (6) measures to encourage construction of environmentally sustainable and affordable housing, promoting standardisation and use of appropriate construction materials. fixtures. fittings and construction techniques; (f) measures to encourage grading of projects on various parameters of gels) meatincludinggradingofpromoters; Scanned by CamScanner m. SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 21 (g)measurestofacilitateamicableconciliationofdisputesbetweenthepromoters (h) measures to facilitate digitization of land records and system towards conclusrveproperty titles with titleguarantee; (i) to render advice to the appropriate Government in matters relating to the developmentofreal estate sector; (j) anyotherissuethattheAuthoritymaythinknecessaryforthepromotionof thereal estate sector. 33. (I) The appropriate Government may, while formulating a policy on real estate Advocacy sector (including review oflaws related to real estate sector) or any other matter, make a and awareness reference to theAuthority for its opinion on possible effect, ofsuch policy or law on real measu’cs‘ estate sector and on the receiptofsuch areference, theAuthority shall within aperiod of sixty daysofmakingsuchreference, giveits opiniontotheappropriate Governmentwhich maytheraftertakefurtheractionasitdeemsfit. (2) The opinion given by the Authority under sub-section (1) shall not be binding upontheappropriateGovernmentinformulatingsuchpolicyorlaws. (3)TheAuthorityshalltakesuitablemeasuresforthepromotionofadvocacy,creating awareness andimpartingtraining aboutlawsrelatingtorealestate sectorandpolicies. 34. The functions oftheAuthority shall include— . Functions of . , , Authorit . (a) toregisterandregulaterealestateprojects andreal estate agents registered y under this Act; (b) topublish and maintain awebsiteofrecords, forpublic viewing, ofallreal estate projects for which registration has been given, with such details as may be prescribed, including information provided in the application for which registration has been granted; (c)tomaintainadatabase,onitswebsite,forpublicviewing,andenterthenames andphotographs ofpromoters asdefaulters includingtheprojectdetails,registration for which has been revoked or have been penalised under this Act, with reasons therefor, foraccess tothegeneralpublic; ((1) to maintain a database, on its website, for public viewing, and enter the names and photograhps ofreal estate agents who have applied andregistered under thisAct, with such details as may be prescribed, including those whose registration has beenrejected orrevoked; (e) to fix through regulations foreach areas underitsjurisdiction the standard fees tobelevied onthe allottees orthepromoterorthereal estate agent, as the case maybe; (f)toensurecomplianceoftheobligationscastuponthepromoters,theallottees andtherealestateagentsunderthisActandtherulesandregulationsmadethereunder; (g)toensurecomplianceofitsregulationsorordersordirectionsmadeinexercise ofits powers underthis Act; (h) toperformsuchotherfunctionsas maybeentrustedtotheAuthority bythe appropriate Governmentas may be necessary to carry outthe provisions ofthisAct. 35.(I)WheretheAuthorityconsidersitexpedienttodoso.onacomplaintorsunmom. Powers of relating to thisActortherules ofregulations made thereunder, it may, by orderin writing ‘1‘ 0m)! '0 andrecordingreasonsthereforcall uponanypromoterorallotteeorrealestateagent,asthe fixation 4 casemaybe,atanytimetofurnishinwritingsuchinformationorexplanationrelatingtoits canal,“ ' ' '- affairs as theAuthority may require and appoint one or more persons to make an inquiry investigations. in relation to the affairs of any promoter or allottee or the real estate agent, as the case 3"“ Scanned by CamScanner l . “EV-w ‘ 2 ruecAzarraOFlNDlAEXTRAORDINARY [Pmfl— " ’ w a re s h s a i p . l r e e e c ( e v t 2 x e o ) e s f N r te t c h o d i . s e tw i i n f n o i g t l h a l t o s h c w t e i a v i n p n il d o g c w in o m e g u r a r s a t tt u n e u n r y n s t d d . h e e n in r r a s 3 t m h u c e b e 'o - l C s n y e : t o — a c d i' t n e io e o n d f ( i C I n ). i a v t r a h l y e P A o ro t u h c t e e h r d o u l r a r i e w ty . f s 1 o h 9 r a 0 t l 8 l h h e w a t h v im e ile e th t e r b y e s i i n a n m g g e a in p s o u fo w it r . e c i r e n s , 5 or m. (i) the discovery and production ofbooks ofaccount and otherdocuments.at such place and at such time as may be specified by theAuthority; (ti)summoningandenforcingtheattendanceofpersonsandexaminingthemon oath; (iii) issuingcommissions fortheexaminationofwitnessesordocuments; (iv)anyothermatterwhichmaybeperscribed. Pmomwerimtoam“ th- 36.Where during an inquiry, theAuthorityis satisfied thatan act in contraventionof orders. tsAct.orthe rules and regulations madethereunder,hasbeencommittedandcontinuesto becommittedorthatsuchactisabouttobecommitted,theAuthoritymay,byorder,restrain any promoter, allotteeorreal estate agentfromcarryingon such actuntil theconclusionof suchinquiryofuntilfurtherorders,withoutgivingnoticetosuchparty,wheretheAuthority deems it necessary. Power-sot 37.TheAuthoritymay,forthepurposeofdischargingitsfunctionsundertheprovisions QSEONY ‘0 ofthisActorrulesorregulationsmadethereunder,issuesuchdirectionsfromtimetotime,to dimfions. the promoters or allottees or real estate agents, as the case may be, as it may consider necessary and such directions shall be binding on all concerned. Powers of 38.(I)TheAuthority shallhavepowerstoimposepenaltyorinterest,inregardtoany Author“! contraventionofobligationscastuponthepromoters,theallotteesandtherealestateagents, underthisAct or the mics and the regulations made thereunder. (2)TheAuthorityshallbeguidedbytheprinciplesofnaturaljusticeand,subjecttothe otherprovisionsofthisActandtherules made thereunder, theAuthorityshallhavepowers toregulateits own procedure. (3) Where an issue is raised relating to agreement, action, omission, practice or procedure that— (a) has an appreciable prevention, restriction or distortion of competition in connection with thedevelopmentofareal estateproject;or (b)haseffectofmarketpowerofmonopolysituationbeingabusedforaffecting interest ofallottees adversely, thentheAuthority,maysuomotu, makereferenceinrespectofsuchissuetotheCompetition CommissionofIndia. Rectification 39. TheAuthority may, atany timewithin aperiodoftwoyears fromthedateofthe °‘“4"“- ordermade underthisAct, with a view torectifying any mistakeapparentfromtherecord, amend anyorderpassedbyit. and shall make suchamendment,ifthemistakeisbroughtto its notice by the parties: Providedthatnosuchamendmentshallbemadeinrespectofanyorderagainstwinch an appeal has been preferred underthisAct: Provided further that the Authority shall not. while rectifying any mistake apparent from record, amend substantive part ofits orderpassed underthe provisionsofthisAct. Recovery of 40.(I)ifapromoterorannllotteeorarealestateagent.asthecasemayhe.failstom interest or anyinterestorpenalty orcompensation imposedonhim, by thendjudicntingofficerorthe gmzmm RegulatoryAuthority or theAppellateAuthority. as the case may be. underthisAct orthe and rulesandrcguultionsmadethereunder.itshnllherecovemhlcfromsuchpromoterorullottee enforcement orreal estate agent, in such mannerus may be prescribed us anmeats oflandrework,- “"a" m‘ (2)ifanytuljudicutingofficerortheRegulatoryAuthorityortheAppellateTribunal as thecare may be, issues any orderordirects any person todoany act,orrefrain fromdoing anyact.whichitinempoweredtodounderthisActorthetitlesorregulationsmadeihemunder thenincaseoffailurebyanyportiontocomplywithsuchorderordirection.thesameshall ‘ enforced, In such manneras may be prescribed. ‘ be Scanned by CamScanner SBC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 23 CHAPTERVI CENTRALADVISORY COUNCIL date 21:11(1)TheCentralGovernmentmay,bynotification,establishwithefl'ectfromsuch come“ may specify in such notification, aCouncil tobeknown asthe CentralAdvisory E of st C ab e l n is tr h a m l ent Advisory (2)TheMinistertotheGovernmentofIndiainchargeoftheMinistryoftheCentral Council. nernlmentdealingwithHousingshallbetheexofiicioChairpersonoftheCentralAdvisory unct . . (3) The Central Advisory Council shall consistofrepresentatives ofthe Ministry of Finance,Ministryof IndustryandCommerce,MinistryofUrbanDevelopment,Minsitryof ConsumerAffairs, Minstry ofCorporateAffairs, Ministry ofLaw andJustice, NitiAayog, NationalHousingBank,HousingandUrbanDevelopmentCorporation,fiverepresentatives of State Governments to be selected by rotation, five representatives of the Real Estate Regulatory Authorities to be selected by rotation, and any other Central Government departmentas notified. (4)TheCentral Advisory Council shall also consistofnotmore than ten members to represent the interests of real estate industry, consumers, real estate agents, construction labourers, non-govemmental organisations and academic and research bodies in the real estate sector. 42.(I)ThefunctionsoftheCentralAdvisoryCouncilshallbetoadviseandrecommend Functions of theCentralGovemment,— Central Advisory (a)on all mattersconcerningtheimplementationofthisAct; Council. (b) on majorquestionsofpolicy; (c) towards protection ofconsumerinterest; (d) to fosterthe growth and developmentofthereal estate sector; (e)onany othermatteras maybeassignedtoitbytheCentral Government. (2)TheCentralGovernmentmayspecifytherulestogiveeffecttotherecommendations oftheCentralAdvisory Council on matters asprovidedundersub-section(1). CHAPTERVII THE REAL ESTATEAPPELLATETRIBUNAL .(I)TheappropriateGovemmentshall,withinaperiodofoneyearfromthedateof Establishment ingintoforceofthisAct,bynotification,establishanAppellateTribunaltobeknownas ofReal Estate the—(nameoftheState/Unionterritory)RealEstateAppellateTribunal. Appellate (2) The appropriate Government may, ifit deems necessary, establish one or more Tribunal. benchesoftheAppellateTribunal,forvariousjurisdictions,intheStateorUniontem'tory,as thecasemaybe. (3)EverybenchoftheAppellateTribunalshallconsistofatleastoneJudicialMember andoneAdministrativetoTechnical Member. (4) The appropriate Government oftwo or more Staes orUnion territories may. ifit deemsfit, establish one singleAppellateTribunal: Provided that. until the establishment ofan Appellate Tribunal under this section. the appropriate Governmentshalldesignate, by order, anyAppellateTribunalFunctioning under anylawforthetimebeingin force,tobetheAppellateTribunaltohearappealsundertheAct: ProvidedfurtherthataftertheAppellateTribunal underthis section isestablished, all L3,”,_- . ' . 1 WiththeAppellateTribunaldesignatedtohearappeals,shallstandtransferred Scanned by CamScanner i 24 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— ' ‘0 theAppellate Tribunal - transferred, so established and shall be heard from the stage such appealrs (5)AnypersonaggrievedbyanydirectionordecisionorordermadebytheAuthority orbyan'adjudrcatrngofficerunderthisActmaypreferanappealbeforetheAppellateTribunal havmgJusrisdictionoverthematter: ProvidedthatwhereapromoterfilesanappealwiththeAppellateTribunal,itshallnot beentertatined,withouttheprmoterfirsthavingdepositedwiththeAppellate'Iiibunalatleast thirty per cent. of the penalty, or such higher percentage as may be determined by the Appellate Tribunal, or the total amount to be paid to the allottee including interest and compensationimposedonhim,ifany,orwithboth,asthecasemaybe,beforethesaidappeal isheard. Explanation—For the purpose of this sub-section "person" shall include the associationofallotteesorany voluntaryconsumerassociationregisteredunderanylawfor thetimebeinginforce. Application 44.(1)TheappropriateGovemmentorthecompetentauthorityoranypersonaggrieved f“ byanydirectionororderordecisionoftheAuthorityortheadjudicatingofficermayprefer settlement of anappealto theAppellateTribunal. disputes and fgggfat': (2)Everyappealmadeundersub-section(1)shallbepreferredwithinaperiodofsixty Tribunal. days from the date on which a copy ofthe direction or order or decision made by the Authority or the adjudicating officer is received by the appropriate Government or the competentauthorityorthe aggrievedperson anditshallbein suchform and accompanied by suchfee, as maybeprescribed: ProvidedthattheAppellateTribunalmayentertainanyappealaftertheexpiryofsixty daysifitis satisfiedthattherewassufficientcausefornotfillingitwithinthatperiod. .(3) On receipt ofan appeal under sub-section (1), theAppellateTribunal may after givingthepartiesan opportunityofbeingheard,passsuchorders,includinginterimorders, asitthinksfit. (4)TheAppellateTribunal shallsendacopyofeveryordermadeby ittotheparties andtotheAuthority ortheadjudicatingofficer,as thecasemaybe. (5)Theappealpreferredundersub-section(1),shallbedealtwithbyitasexpeditiously as possible and endeavour shall be made by it to dispose ofthe appeal within aperiod of sixtydaysfromthedateofreceiptofappeal: Providedthatwhere any such appealcould notbedisposedofwithin thesaidperiod ofsixtydays, theAppellateTribunal shallrecorditsreasonsinwritingfornotdisposingof theappeal withinthatperiod. (6)TheAppellateTribunalmay,forthepurposeofexaminingthelegalityorpropriety orcorrectnessofanyorderordecisionoftheAuthorityortheadjudicatingofficer.onitsown motionorotherwise,callfortherecordsrelevanttodeposingofsuchappealandmakesuch ordersasitthinks fit. Composition 45. The Appellate Tribunal shall consist ofa Chairperson and not less than two whole :f,bAPl’l°"a'° time Members ofwhich one shall be aJudicial member and other shall be aTechnical or n “M ' AdministrativeMember, tobeappointedby theappropriateGovernment. Explanation—For the purposes ofthis Chapter,— (i)"JudicialMember"meansaMemberoftheAppellateTribunalappointedassuch underclause(11)ofsub-section (1)ofsection46; Scanned by CamScanner - “Ii-mil V Sec. 1] THEGAZETTEOFINDIAEXTRAORDINARY 25 (ii) - "TechnicalorAdministrativeMember"mean - appomted as such underclause (c) ofsub-s ection s ( a 1) M o e f m s b e e c r ti O on fm 46 e . AppcumThbunal Qualifications for (a) in thecase ofChairperson. isorhasbeenaJudgeofaHighCourt;and appointment of 1 di (b)inthecaseofaJudicialMemberhehasheldajudicialofficeintheterritoryof Chairperson n aforatleastfitteenyearsorhasbeenamemberofthelndiunLegalServiceandhas a M n e d mbers. held the post ofAdditional Secretary ofthat service or any equivalent post, or has been an advocateforatleasttwentyyearswithexperienceindealingwithreal estate matters; and (c) in the case ofaTechnicalorAdministrativeMember, he is aperson whois well-versed in the field of urban development, housing, real estate development, infrastructure, economics, planning, law, commerce. accountancy, industry, management. public affairs or administration and possesses experience of at least twentyyearsinthefieldorwhohasheldthepostintheCentralGovernment.oraState GovernmentequivalenttothepostofAdditionalSecretarytotheGovernmentofIndia or an equivalent post in the Central Government or an equivalent post in the State Govemment. (2) The Chairperson of the Appellate Tribunal shall be appointed by the appropriate GovernmentinconsultationwiththeChiefJusticeofHighCourtorhisnominee. (3) The judicial Members and Technical or Administrative Members of the Appellate Tribunal shall be appointed by the appropriate Government on the recommendations ofa Selection Committee consisting ofthe ChiefJustice ofthe High Court orhis nominee. the SecretaryoftheDepartmenthandlingHousingandtheLawSecretaryandinsuchmanneras maybeprescribed. 47.(1)TheChairpersonoftheAppellateTribunaloraMemberoftheAppellateTribunal Term of shallholdoffice,assuchforateminotexceedingfiveyearsfromthedateonwhichheenters office of uponhisoffice,butshall notbeeligibleforre-appointment: Chairperson and Members. Provided that in case a person, who is or has been a Judge ofa High Court. has been appointed as Chairperson ofthe Tribunal. he shall nothold office afterhe has attainedthe ageofsixty-seven years: Providedfurtherthat noJudicial MemberorTechnical orAdministrative Membershall holdofficeafterhehasattainedtheageofsixty-fiveyears. (2)BeforeappointinganypersonasChairpersonorMember,theappropriateGovernment shall satisfy itselfthat the person does not have any such financial or other interest. as is likelytoaffectprejudiciallyhisfunctionsassuchmember. 48. (l) The salary and allowances payable to, and the other terms and conditions of Salary and serviceof. theChairpersonandotherMembersshallbesuchasmaybeprescribedandshall allowances notbe varied to theirdisadvantage during theirtenure. payable to Chairperson (2) Notwithstanding anything contained in sub-sections (I) and (2) of section 47, the and ChairpersonoraMember.asthecasemaybe.may:— Members. (a) relinquish his office by giving in writing to the appropriate Govemment a notice ofnot less than three months; (b)beremovedfromhisofficeinaccordancewiththeprovisionsofsection49. (3)Avacancy caused to the office ofthe Chairperson orany otherMember, asthecase may be. shall be filled-up within a period of three months from the date on which such vacancy occurs. Scanned by CamScanner 26 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII I ! ' C a f R r n o h e d a m m i M r o p o v e e a f m r f l s ic b o o e e n f r A H d ig4 m h9 i . n C i ( o s 1 t u ) r r a T t t , h iv r e e e m a M o p e v p m e ro b f p r e o ri' r a m o te f o t f G h fi e o c v e A e p o r p n f e m th ll e e a n t C e t h m T a r a i i b W y u , n i 3 n a 0 l c , “ o W n o h s r u o a — lt n a y ti j o u n di w ci i a th lM th e e m C e hi r e 0 f 1 J 'T us e t c ic h e n . i o ca f l th o e r in certain circumstances. (a) has been adjudgedasan insolvent; or Gover ( n b m ) e h n a t s m .be v e o n lve c s on m v o ic r t a e l d tu o rp f i a tu n d o e f ; fe or nce whi'ch, i'n theo p inion 0 f theappropri ' ate (c)hasbecomephysicallyormentallyincapable;or . (d)'hasacquiredsuchfinancialorotherinterestasislikelytoaffectprejudicially his functions; or (e) has so abused hispositionas torenderhiscontinuanceinofficeprejudicial " to thepublic interest. (2)TheChairpersonorJudicialmemberorTechnicalorAdministrativeMembershall ‘. notberemovedfromhisofficeexceptbyanordermadebytheappropriateGovernmentafter , an inquiry made by the Judge of the High Court in which such Chairperson or Judicial '.3 member orTechnical orAdministrative Memberhas been informedofthe charges against " him and given a reasonable opportunity ofbeing heardin respectofthosecharges. (3) The appropriate Govemment may suspend from the office ofthe Chairpersonor Judicial memberorTechnical orAdministrativeMemberinrespectofwhomareferenceof conductingan inquiryhasbeenmadetotheJudgeoftheHighCourtundersub-section(2), / untiltheappropriateGovernmentpassesanorderonreceiptofthereportofinquirymadeby .1. theJudge ofthe High Courton suchreference. It (4) The appropriate Government may, by rules. regulate the procedure for inquiry referredtoinsub-section (2). Restrictions 50.(l)TheChairpersonorJudicial MemberorTechnicalorAdministrativeMember, . I on ceasingtohold office as suchshallnot:— Chairperson (a) Accept any employment in, or connected with, the management or orJudicial Member or administration of,any person or organisation which has been associated with any . Technical or workunderthisAct,fromthedateonwhichheceasestoholdoffice: “ Administrative Memberon Provided that nothing contained in this clause shall apply to any employment employment undertheappropriateGovernmentoralocalauthorityorinanystatutoryauthorityor . after any corporation established by or under any Central, State of provincial Act or a cessation of Government Company as defined underclause (45) ofsection 2 ofthe Companies ' office. Act, 2013, which isnotapromoteraspertheprovisionsofthisAct; 18 of 2013. . (b) act. foror on behalfofany person or organisation in connection with any - specificproceedingortransaction ornegotiationoracasetowhichtheAuthorityisa partyand with respect to which theChairpersonorJudicialMemberorTechnical or AdministrativeMemberhad. beforecessationofoffice.acted fororprovidedadvice to, theAuthority; (c)giveadvicetoanypersonusinginformationwhichwasobtainedinhiscapacity as the Chairperson orJudicial Member orTechnical orAdministrative Member and beingunavailabletoornotbeingabletobe madeavailable tothepublic; ((1) enterinto acontratofservice with, or accept an appointment to aboard of - directorsof.oracceptanofferofemploymentwith.anentitywithwhichhehaddirect ‘- andsignificantofficialdealingsduringhistermofofficeassuch. ‘ (2)TheChairpersonorJudicial MemberorTechnicalorAdministrativeMembershall not communicate or reveal to any person any matter which has been brought under his :' considerationorknown tohimwhileactingassuch. ' F. Scanned by CamScanner SEC. 1] THEGAZETTEOFINDIAEXTRAORDHVARY 27 51- (1) The appro ' prrate Govemm t ' . - - officersandemployeesasitmaydeemfretI.l shall provrde theAppellate Tnblmal Wlth suCh Officers and other under ( t 2 h ) e T g h e e n o e f r fi a c l e s r u s p a e n ri d nt e e m n p d l e o n y c e e es o o fr f t t s he C A ha p i p rp e e ll r a s t o e n T . ribun , alshalldischargetheirfunctions T A em r p ib p p u e lo n l y la a e l t e . e s of serv' (3)fThe salary and allowances payable to. and the other terms and conditions of prestibzd, the officers and employees oftheAppellateTribunal shall be such as may be Ch . 52.If,forreasonotherthantemporaryabsence,anyvacancyoccursintheofficeofthe Vacancies. - .I alrpersonoraMemberoftheAppellateTribunal,theappropriateGovernmentshallappoint 'r another person rn accordance with the provisions of this Act to fill the vacancy and the ‘ proceedings may be continued before the Appellae Tribunal from the stage at which the vacancyisfilled. 53.(1)TheAppellateTribunal shall notbeboundby theprocedure laiddownbythe Powers of 5 0‘ 1903- CodeofCivilProcedure, 1908butshallbeguidedbytheprinciplesofnaturaljustice. T‘ibunal' (2) Subjectto the provisions ofthis Act, theAppellateTribunal shall have powerto regulate its own procedure. (3)TheAppellateTribunalshallalsonotbeboundbytherulesofevidencecontained 1 of 1372, intheIndianEvidenceAct, 1872. (4) The Appellate Tribunal shall have, for the purpose ofdischarging its functions under this Act, the same powers as are vested in a civil court under the Code of Civil 5 of 1903_ Procedure, 1908inrespectofthefollowingmatters,namely:— (a) summoning andenforcingtheattendanceofany person andexamininghim on oath; (b) requiring the discovery and production ofdocuments; (c)receivingevidenceon affidavits; (d)issuingcommissionsfortheexaminations ofwitnesses ordocuments; (e) reviewing itsdecisions; 0‘) dismissinganapplicationfordefaultordirectingitexparte; and (g)anyothermatterwhichmaybeprescribed. (5) All proceedings before the Appellate Tribunal shall be deemed to be judicial proceedingswithinthemeaningofsections 193,219and228forthepurposesofsection 196 45 of 1860. oftheIndianPenalCode,andtheAppellateTribunalShallbedeemedtobecivilcourtforthe 2 of 1974. purposesofsection 195andChapterXXVIoftheCodeofCriminalProcedure, 1973. 54. The Chairperson shall have powers ofgeneral superintendence and direction in Administrative theconductoftheaffairsofAppellateTribunalandheshall,inadditiontopresidingoverthe ”we“ 0‘ meetings oftheAppellateTribunal exerciseand discharge such administrative powers and Chaimmm functions oftheAppellateTribunal as may be prescribed. $_:PP:;1°‘° ['1 un . f 55.No actorproceedingoftheAppellateTribunal shall be invalidmerelyby reason Vacancies 0_ etc.. not tie (a)anyvacancyin,oranydefectintheconstitutionof.theAppellateTribunal or :1??? f * ee mg 0 (b)anydefectintheappointmentofapersonactin asaM ‘ AWN“ my,l Tribunal;or g ember0ttheAppellate Tribunal? ‘ ' (6‘)Any irregularityintheprocedureoftheA ' - meritsofthecase. Ppellatehuman“0‘affecungthe Scanned by CamScanner 28 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— R”pigrehstetnotaletigoan.l charteSre6d.Tahcceouap‘plaicnatnt ora'ppellantmaye'itherappearr'npersonorauthoriseoneormore anyofi _ tsofficersto _ p 8 r _ o e r se c n o t m h p is an o y ri s ts ec c r a e s t e ar b ie e s fo o r r e c th o e st A ac p co e u lla n t ta e n T ts rib orleg 1 al practitionersor Authorityortheadjudicatingofficer,asthecasemaybe}? una ortheRegulatory Explanation—For the purposes ofthis section,— b. (a? "chartered accountant" means a chartered accountantas defined in clause (b)of su section (I)ofsection2oftheCharteredAccountantsAct, 1949oranyotherlawforthe 38 of 1949. time being in force and whohas obtained acertificateofpracticeundersub-section(1)of section 6ofthatAct; (b) "company secretary" means a company secretary as defined in clause (c) of sub-section (1) ofsection 2ofthe CompanySecretariesAct, 1980oranyotherlawforthe 56 of 1980. time being in forceand whohas obtained acertificateofpracticeundersub-section(1) of section 6 ofthatAct; .9.- (0)"costaccountant"meansacostaccountantasdefinedinclause(b)ofsub—section(1) ofsection2oftheCostandWorksAccountantsAct, 1959oranyotherlawforthetimebeing 23 of 1959, I inforceandwhohasobtainedacertificateofpracticeundersub-section(1)ofsection6of that Act; (d)"legalpractitioner"meansanadvocate,vakiloranattorneyofanyHighCourt,and includesapleaderinpractice. Orders passed 57.(1)EveryordermadebytheAppellateTribunalunderthisActshallbeexecutable by Appellate by the Appellate Tribunal as a decree ofcivil court, and for this purpose, the Appellate | Tribunal ‘° be Tribunalshallhaveallthepowersofacivilcourt. executableasa . . . . decree. (2) Notwithstanding anything contained in sub-section (1), the Appellate Tribunal maytransmitanyordermadebyittoacivilcourthavinglocaljurisdictionandsuchcivilcourt shallexecutetheorderasifitwereadecreemadebythecourt. Appeal to 58. (1)AnypersonaggrievedbyanydecisionororderoftheAppellateTribunal,may, High Court. fileanappealtotheHighCourt, withinaperiodofsixtydaysfromthedateofcommunication ofthedecisionororderoftheAppellateTribunal.tohim,onanyoneormoreofthegrounds specifiedinsection 100oftheCodeofCivilProcedure, 1908: 5 of [903. Provided that the High Court may entertain the appeal after the expiry 0fthe said periodofsixtydays.ifitissatisfiedthattheappellantwaspreventedbysufficientcausefrom prefen'ingtheappealintime. r ' fl Explanation—Theexpression"HighCourt"meanstheHighCourtofaStateorUnion territorywheretherealestateprojectissituated. (2)Noappeal shall lie againstanydecisionorordermadebytheAppellateTribunal with theconsentoftheparties. CHAPI‘ERVIII fiestas, renames AND Amuorcmon Punishment for 59. (I) Ifanypromotercontravenestheprovisionsofsection3.heshallbeliabletoa non- penaltywhich mayextenduptotenpercent. oftheestimatedcostoftherealestateproject raengdis“tration asdetermined by theAuthori'ty. section 3. (2) Ifany promoterdoes not comply with the orders. decisions ordirections issued undersub-section(l)orcontinuestoviolatetheprovisionsofsection3.heshallbepunishable withimprisonment foratermwhich mayextend uptothreeyearsorwith fine whichmay ebxotemnd uptoafurthertenperc'ent. oftheesti'matedcost ofthereal estateproj'ect,orwith Scanned by CamScanner Sec. 1] THEGAZETTEOFINDIAEXTRAORDINARY 29 60. If any promoter provides false information or contravenes the provisions of Penalty for section4,heshallbeliabletoapenaltywhichmayextenduptofivepercent.oftheestimated contravention costofthereal estate project, as determinedby theAuthority. ofsection 4. . 61. lf any promoter contravenes any other provisions of this Act, other than that Penalty for provrdedundersection3orsection4,ortherulesorregulationsmadethereunder,heshallbe contravention liabletoapenaltywhichmayextenduptofivepercent.oftheestimatedcostoftherealestate of other proyect as determinedby theAuthority. provisions of this Act. 62. if any real estate agent fails to comply with or contravenes the provisions of Penalty for section9 or section 10, he shall be liable to apenalty often thousandrupees foreveryday non- registration duringwhich suchdefaultcontinues.which maycumulativelyextenduptofivepercent. of and the cost of plot, apartment or buildings, as the case may be, ofthe real estate project, for contravention which the sale or purchase hasbeenfacilitatedas determinedby theAuthority. under sections 9 and 10. 63. if any promoter, who fails to comply with, or contravenes any ofthe orders or Penalty for directions oftheAuthority, heshallbe liableto apenalty forevery day during whichsuch failure to defaultcontinues,whichmaycumulativelyextenduptofivepercent,of theestimatedcost o co rd m er p s ly o w f ith oftherealestateprojectasdeterminedby theAuthority. Authority by promoter. 64.ifanypromoter,whofailstocomplywith,orcontravenesanyoftheorders,decisions Penalty for o w r h d i i c r h ec m tio a n y s e o x f te th n e d A u p p pl t e o ll t a h t r e ee Tr y in e b a u rs na o l r ,h w e it s h ha fi l n l e be fo p r un e i v s e h r a y bl d e a w y i d th ur im ing pri w so h n ic m h e s n u t c f h or d a e t f e a r u m lt f c o a o r i d m lu er r p s e ly o to w f ith continues.whichmaycumulativelyextenduptotenpercent.oftheestimatedcostofthereal Appellate estateproject,orwithboth. Tribunal by promoter. 65.Ifanyrealestateagent,whofailstocomplywith.orcontravenesanyoftheorders Penalty for ordirectionsoftheAuthority,heshallbeliabletoapenaltyforeverydayduringwhichsuch f c a o i m lur p e ly to with defaultcontinues,whichmaycumulativelyextenduptofivepercent,oftheestimatedcost orders of ofplot,apartmentorbuilding,asthecasemaybe,oftherealestateproject,forwhichthesale Authority by orpurchasehasbeenfacilitatedand asdeterminedbytheAuthority. real estate agent. 66.lfanyrealestateagent,whofailstocomplywith,orcontravenesanyoftheorders, Penalty for decisionsordirectionsoftheAppellateTribunal,heshallbepunishablewithimprisonment failure to comply with foraterm whichmay extend uptooneyearorwith fineforevery day during which such orders of defaultcontinues.whichmaycumulativelyextenduptotenpercent.oftheestimatedcostof Appellate plot,apartmentorbuilding,asthecasemaybe.oftherealestateproject, forwhichthesale Tribunal by orpurchasehasbeen facilitated,orwithboth. real estate agent. 67.ifanyallottee,whofailstocomplywith,orcontravenesanyoftheorders.decisions Penalty for ordirectionsoftheAuthorityheshallbeliabletoapenaltyfortheperiodduringwhichsuch failureto ‘ defaultcontinues.whichmaycumulativelyextenduptofivepercent.oftheplot,apartment comply with L. orbuildingcost, asthecase maybe,asdeterminedby theAuthority. ordersof Authority by allottee. E . d i w a m ir p h e p a i c c r r i t t h s m i 6 o o s 8 e n n u . n s m c t i h f e o o d n f r a e t n b t f f h y u a o e u i r l a d l A a t ll i o n c p te o t g p t r n e l m c e t e i o n l , l s w a u w t t e . h e h s i a c , o s T h w t r h f m i h a b e i i a u c ls c y h n a a s e t m o e l x . a t m e c y a o n s a c d m y u th u p m b e p l e y u . t c l o a o w a r t s o i i t v e n w h e e , i m l t y h y o a e e r y b a x o c r t b e t o o h e n n r . . t d r w h a u i e v t p h e s t n o f h e in a s te e ll n a f b n o p e y e r r e p o c v u f e e n n t r h i y t s . e h d o a a o f b y r t d h le d e e u r w p s ri l i n o o th g t r , P f c o A a o r e p i d l m n u p e a r r p e e s lt l l y y la o to t w f f e o it r h Tribunal by allotteg. Scanned by CamScanner 30 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— 69. 1 Wh . person“1(0).““1:12;: Eiffel}? under this Acthas been committed by a company ever)’ thecompany fortheco,d eo Cncewascommittedwasincharge0f. 01'wasresponsibleto be deemed to be gum; upttplf,thf:busmessofthecompany,aswellasthecompany shall 0 e - ’ Wuished accordingly: 0 ence and shall be liable to be proceeded against and . ‘ . ’ hisknowled e . ‘ . Offence, g orthathehadexercrsedallduedlllgencetopreventthecommissionofsuch . (2) Notw1thstanding anything contained in sub-section (1), where an offence under tins Act has been committed by a company, and it is proved that the offence has been committedWiththeconsentorconnivanceof,orisattributableto,anyneglectonthepartof any director. manager, secretary or other officer of the company, such director, manager. secretaryorotherofficershallalsobedeemedtobeguiltyofthatoffenceandshallbeliable to be proceeded against and punished accordingly. Explanation—For the purpose ofthis section,— (a)"company"meansanybodycorporateandincludesafirm,orotherassociation ofindividuals; and (b)"director"inreleationtoafirm.meansapartnerinthefirm. C°mP°““di“§ 70.Notwithstandinganythingcontained intheCodeofCrimnalProcedure, 1973, if 2 of 1974- “Offences‘ anypersonispunishedwithimprisonmentunderthisAct,thepunishmentmay,eitherbefore or afterthe institution ofthe prosecution, be compounded by thecourton suchterms and conditions and on paymentofsuch sums as may beprescribed: Providedthatthesumprescribedshallnot,inanycase,exceedthemaximumamountof thefinewhichmaybeimposedfortheoffencesocompounded. Power to 1. (1) For the purpose of adjudging compensation under sections 12, 14, 18 and adjudicate- section 19, theAuthorityshallappointinconsultationwiththeappropriateGovernmentone /_ ormorejudicial officeras deemed necessary, whois orhas been aDistrictJudge tobean _ a _ dj _ u _ e _ a _ tin , g _ o _ f . fi—cer. forholdingan_ inqurry.intheprescribedmanner.aftergiving_anyperson concerned areasonable opportunity ofbeingheard; Providedthatanypersonwhosecomplaintinrespectofmatterscoveredundersections 12, 14, 18 and section 19ispendingbeforetheConsumerDisputesRedressalForumorthe ConsumerDisputesRedressalCommissionortheNationalConsumerRedressalCommission, established under section 9 of the Consumer Protection Act, 1986, on or before the 68 of 1986. commencementofthisAct,hemay,withthepermissionofsuchForumorCommission,asthe case may be, withdraw the complaint pending before it and file an application before the adjudicatingofficerunderthisAct. (2)The applicationforadjudgingcompensation undersub-section (1), shallbe dealt withbytheadjudicatingofficerasexpeditiouslyaspossibleanddisposeofthesamewithin aperiodofsixtydaysfromthedateofreceiptoftheapplication:

‘ Provided that where any such application could not be disposed of within the said period of srxty days, the adjudicating officer shall record his reasons in writing for not disposingofthe application within thatperiod. (3)Whileholdinganinquirythead‘udicatins7offi r enforce the attendance of any person acuaintedbwithcizhes2:21:gnii‘vc‘iiiigtsa‘iimmonand I" casetogiveevidenceortoproduceanydocumentwhichintheopinionofthe dSCS‘Of the officer, may be useful fororrelevantto the subject matterofthe inqu' (:1.Judtcatmg inquiry,heissatisfiedthatthepersonhasfailedtocomply with theprovisiilozn flfl 0n SUCh . fictionsspecnfied msubtsection (1),hemaydirecttopaysuchcomm“satio S0 any ofthe ecaseanybe,ashethinks fitinaccordancewith the provisionsofanyofnufgsgltereit‘as sections. Scanned by CamScanner SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 31 72. While adjudging the quantum ofcompensation orintee as thecase may be, Factors tobe under1section '71, the adjudicating officer shall have dueregard to the followingfactors. taken into namey:— account by the adjudicating officer. -(a) the amount of disproportionate gain or unfair advantage, wherever quantifiable,madeasaresultofthedefault; (b) theamount ofloss causedas aresultofthedefault; (c) therepetitivenatureofthedefault; ((1) suchotherfactorswhichtheadjudicatingofficerconsidersnecessarytothe caseinfurtheranceofjustice. CHAPTERDi FINANCE, ACCOUNTS, AUDITSAND REPOKI‘S '73.TheCentralGovernmentmay,afterdueappropriationmadebyParliamentinthis Grants and behalf,maketotheAuthoritygrantsandloansofsuchsumsofmoneyasthatGovernment C loa e n n s tra b l y may considernecessary. Government. 74.TheStateGovernmentmay,afterdueappropriationmadebyStateLegislatureby Grants and lawinthisbehalf,maketotheAuthority,grantsandloansofsuchsumsofmoneyastheState l G oa o n v s er b n y m S e t n a t t . e GovernmentmaythinkfitforbeingNEW .(1)TheappropriateGovernmentshallconstituteafundtobecalledthe'RealEstate Constitution gulatoryFund' andthereshallbecreditedthereto,— ofFund. (a)allGovemmentgrantsreceivedbytheAuthority; (b)thefeesreceivedunderthisAct; (c)theinterestaccruedontheamountsreferredtoinclauses(a)to(b). (2)TheFundshallbeappliedformeeting— (a)thesalariesandallowancespayabletotheChairpersonandotherMembers, the adjudicating officer and the administrative expenses including the salaries and allowancespayabletobeofficersandotheremployeesoftheAuthorityandtheAppellate Tribunal; (12) theotherexpensesoftheAuthority inconnectionwiththedischargeofits functions andforthepruposes ofthisAct. (3)TheFundshallbeadministeredbyacommitteeofsuchMembersoftheAuthority asmaybedeterminedbytheChairperson. (4)Thecommitteeappointedundersub-section(3)shallspendmoniesoutoftheRind forcarryingouttheobjects forwhichthe Fundhas beenconstituted. 76.(l)Allsumsrealised.bywayofpenalties.imposedbytheAppellateTribunalorthe Crediting Authority,inthe Unionterritoties.shallbecreditedtotheConsolidatedFundofIndia, filmsMined (2.)Al.lsumsrealised.byway?!penalties.imposedbytheApplellateTri‘bunal b P y en M al y tie o s f to . A sp u e th ci o fy ri . ty. in a State. shall be credited to such account as the State Governmentormthaey Consolidated Fund oflndi. orState “count. Scanned by CamScanner G c G o e e n n n n e e e r r ( a a c 2 l l ti ) o o o T n f fI I h w n n e d d it i i a h a a c . s a c u o t c s u h u n c t a s h u i o d n i f t t e t s h r h v e a a A l l l s b u a e t s h p m o a r y a it a y y b b l s e e h s b a p y ll e t c b h r e e fi A e a d u u d t b h i y t o e h d ri i t m y by t a o n th t d h e a e n C C y o o e m m x p p p t e t r r n o o d l l l l i e e tu r r r a a e n n i d d nc A A u u u rr d d e i i t d t o o i r r n - - _ (3)TheComptrollerandAuditor-Generalandanypersonappointedbyhiminconnection withtheauditoftheaccountsoftheAuthorityunderthisActshallhavethesamerightsand pnvrleges and authority in connection with such audit as the Comptroller and Auditor- GeneralgenerallyhasinconnectionwiththeauditofGovernmentaccountsand.inparticular shall have therighttodemand and productionofbooks, accounts,connectedvouchers and otherdocuments and papers, and to inspect any oftheoffices oftheAuthority. (4)TheaccountsoftheAuthority,ascertifiedbytheComptrollerandAuditor-General ofIndia or any otherperson appointed by him in this behalf, togetherwith the auditreport thereon shall beforwardedannuallytotheappropriateGovernmentbytheAuthorityandthe appropriate Goverrunent shallcausetheauditreport tobelaid, as soonasmaybeafteritis received,beforeeachHouseofParliamentor,asthecasemaybe,beforetheStateLegislature ortheUnionterritoryLegislature,whereitconsistsoftwoHouses,orwheresuchlegislature . consists ofone House, before the House. 1 Annual .(I)TheAuthorityshallprepareonceineveryyear,insuchformandatsuchtimeas l report. maybeprescribedbytheappropriateGovernment,— (a) adescription ofallthe activities oftheAuthority forthepreviousyear; (b) the annual accounts forthe previous year; and (c)theprogrammesofworkforthecomingyear. (2)Acopyofthereportreceivedundersub-section(1)shallbelaid,assoonasmaybe afteritisreceived,beforeeachHouseofParliamentor,asthecasemaybe,beforetheState Legislature or the Union Territory Legislature, where it consists oftwo Houses, or where such legislature consists ofone House, before that House. CHAPTERX MISCELLANEOUS Barof 79.Nocivilcourtshallhavejurisdictiontoentertainanysuitorproceedinginrespect infiwiwm ofany matter which theAuthority or the adjudicating officerorthe Appellate Tribunal is . empoweredbyorunderthisActtodetermineandnoinjunctionshallbegrantedbyanycourt orotherauthority in respectofany action taken or to be taken in pursuance ofany power conferred byorunderthisAct. i Contact of 80.(1)Nocourtshall takecognizanceofanyoffencepunishableunderthisActorthe offences. rulesorregulationsmadethereundersaveonacomplaintinwritingmadebytheAuthorityor byanyofficeroftheAuthority duly authorised by it forthispurpose. (2)NocourtinferiortothatofaMetropolitanMagistrateoraJudicialMagistrateofthe _ first cl 5 shall try any offence punishable under thisAct. Delegation. WeAuthoritymay,bygeneralorspecialorderinwriting,delegatetoanymember lccr oftheAuthority or anyptfierflson stmject to such conditions, ifany. as may I); spec: red in theorder. such ofits mgers and functions underthis Apt (exce t fifireg—Ia ations undersection 85,as it maydeemnecessary. p the powerto Scanned by CamScanner Sec. 1] THEGAZETTEOFINDIAEXTRAORDINARY 33 82.(1)If,atanytime,theappropriateGovernmentisoftheopinion,— Powerof u p n ro a v b i l s e ( io a to ) ns t d h i o a s t c f , h t o h a n i r s g a e A c c t c h t o ; e u o f n u r t n o c f ti c o i n rc s u o m r s p ta e n rf c o e r s m b t e h y e o d n u d ti t e h s e im co p n o t s ro e l d o o f n th it e b A y u o th r o u r n it d y e , r i t t h i e s t G a o p o p s v u r e o p r e p n r r m s ia e e d te n e t Authority. (b)thattheAuthorityhaspersistentlydefaultedincomplyingwithanydirection givenbytheappropriateGovernmentunderthisActorinthedischargeofthefunctions orperformanceofthedutiesimposedonitbyorundertheprovisionsofthisActand asaresultofsuchdefaultthefinancialpositionoftheAuthorityortheadministration oftheAuthority has suffered; or (c)thatcircumstancesexistwhichrenderitnecessaryinthepublicinterestsoto do, the appropriate Governmentmay, by notification, supersede theAuthorityforsuchperiod, notexceeding six months, as may be specifiedin the notification and appoint apersonor personsasthePresidentortheGovernor,asthecasemaybe,maydirecttoexercisepowers and discharge functions under this Act: Providedthatbeforeissuingany suchnotification, theappropriateGovernmentshall giveareasonableopportunitytotheAuthoritytomakerepresentationsagainsttheproposed supersession and shall considertherepresentations, ifany, oftheAuthority. (2) Upon the publication of a notification under sub-section (1) superseding the Authority,—— ' (a)theChairperson andotherMembersshall,asfromthedateofsupersession, vacate theiroffices as such; (12) allthepowers, functionsanddutieswhichmay,byorundertheprovisions ofthisAct,beexercisedordischargedbyoronbehalfoftheAuthorityshall,untilthe Authority is reconstitued under sub—section (3), be exercised and dischargedby the person orpersons referred to in sub-section (1); and (c)allpropertiesownedorcontrolledbytheAuthorityshall,untiltheAuthority is reconstitutedundersub-section (3), vestinthe appropriate Government. (3)Onorbeforetheexpirationoftheperiodofsupersessionspecifiedinthenotification issued under sub-section (1), the appropriate Government shall reconstitute theAuthority byafresh appointmentofits Chairpersonandothermembers andin suchcase anyperson who had vacated his office under clause (a) ofsub-section (2) shall notbe deemed to be disqualifiedforre-appointment. (4) The appropriate Government shallcause acopyofthe notificationissued under sub-section(1)andafullreportofanyactiontakenunderthissectionandthecircumstances leadingto such action tobelaid before each House ofParliamentor, as the case may be, beforetheStateLegislature,ortheUnionTerritoryLegislature,asthecasemaybe,whereit consistsoftwoHouses,orwheresuchlegislatureconsistsofoneHouse,beforethatHouse. inexer 8 c 3 is . e (1 o ) f W its it p h o o w u e t r p s re a j n u d d i i n ce pe to rfo th r e m f a o n r c e e go o i f n i g ts p fu ro n v c i t s io io n n s s u o n f d t e h r is th A is c A t. c t t h , e be A b u o th u o n r d it b y y s s h u a c ll h . Powers of d fr i o re m ct t i i o m n e s to on tim qu e e : stionsofpolicy, astheappropriateGovernmentmaygive inwritingtoit G ap o p v r e o r p n r m ia e te nt toissue expres P s r i o ts vid vi e e d ws th b at ef t o h r e e A a u ny th d o i r r i e ty cti s o h n a i l s l, g as ive fa n r u a n s d p e r r a t c h t i i s ca s b u l b e - . s b e e cti g o i n v . en an o pp Ottun fl ' y to d o A i b r u e t t a h c i t n o io ri n r t e y s po t a o n nd s w th h e e re th o e ( n 2 r ) s a h I q f a u l a l e n b s y e tio d fi n i n s i a p s u l. o te ris ar n is o e t s a b q e u t e w s e ti e o n n t o h f e p a o p lic p y ro , p th r e iu d te ec G ' “ o 1 ' v ° e " r ° n m me ‘° nt “P a p n m d p th n e‘m A e u G th o o v r e - it r y nm as e t n o t and Mums. Scanned by CamScanner 34 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— time.re(luire. lvtttes as the aPPmPfialfiGovernmentmay. from timeto a P p o p w r e o r p o ri f ate c 84- (I) The ap - propriate Go . vern . ment shall, within a period ofsix months ofthe Government zilmencementOfthisAct,bynotification,makemicsforcarryingouttheprovisionsofthis to make rules. (2)Inparticular,andwithoutprejudicetothegeneralityoftheforegoingpower,such rulesmayprovrdeforalloranyofthefollowingmatters,namely:— (a)infomtationanddocumentsforapplicationtoAuthorityforregistrationunder clause(m)ofsub-section(2)ofsection4; (b) the form and mannerofmaking application andfee and documents to be accompanied with such applicationas undersub-section (2)ofsection9; (c) the period, manner and conditions under which the registration is to be granted undersub-section (3) ofsection 9; (d) the validityoftheperiodofregistrationandthemannerandfeeforrenewal under sub-section (6) ofsection 9; (e)themaintenanceandpreservationofbooksofaccount,recordsanddocuments underclause(b)ofsection 10; (f) thedischarge ofotherfunctionsby thereal estate agentunderclause(e)of section 10; (g) therateofinterestpayableundersection 12; (h) the form and particulars of agreement for sale under sub-section (2) of section 13; (i)therateofinterestpayableunderclause(b)ofsub-section(1)ofsection 18; (j) therateofinterestpayableundersubsection (4)ofsection 19; (k) therateofinterestpayableundersub-section (7)ofsection 19; (l) the manner of selection ofChairperson and Members ofAuthority under section22; (m)thesalariesandallowancespayableto,andtheothertermsandconditionsof serviceof,theChairpersonandotherMembersoftheAuthorityundersub-section(1) ofsection24; (n)theadministrativepowersoftheChairpersons undersection25; (o)thesalariesandallowancespayableto,andtheothertermsandconditionsof serviceof,theofficersandotheremployeesoftheAuthorityundersub-section(2)of section28; (p) the details to be published on the website as under clause (b) and under clause(d)ofsection34; (q) the additional functions which may be perfomted by the Authority under clause(iv)ofsub-section (2)ofsection 35; (r) , the manner ,of recovery of interest- penalty and com ensat‘to sub-section (1) ofsection 40; p n under s a e d c ju ti d o i n ( c s a 4 ) t 0 i t n ; h g e o m ff a ic n e n r e . r th o e f A im ut p h l o em rit e y n o ta r t t i h o e n A o p f p t e h l e la o te rd 1 e n r. b d u i n re al ct u io n n de o r r su d b e - c s is e i c o t n io s n o (2 f ) th o e f Scanned by CamScanner SEC. 1] 35 . lions rece' - Smbsectlon (2) ofsection42; wed from the can“! Advisory Council under (u) the form and . section 44; manner andfeeforfilhng0fappeal undersub-section (2)of section(v4)6th;emannerofselect ' ionofMembersoftheTn . bunalundersub-section(3)of (w)thesalariesandallowancespayableto,andtheothertermsandconditionsof service of, the Chairperson and other Members of the Appellate Tribunal under sub-section (1) ofsection48; (x)theprocedureforinquiryofthechargesagainsttheChairpersonorJudicial MemberoftheTribunalundersub-section(4)ofsection49; (v)thesalariesandallowancespayableto.andtheothertermsandconditionsof serviceof,theofficersandemployeesoftheAppellateTribunalundersub-section(3) ofsection51; (2) any other powers of the Tribunal under clause (11) of sub-section (4) of section 53; (za) thepowersoftheChairpersonoftheAppellateTribunalundersection54; (zb)thetermsandconditionsandthepaymentofsuchsumforcompoundingof the offencesunder section 70; (2c) themannerofinquiryundersub-section(1)ofsection71; (2d) the form to be specified in which the Authority shall prepare a budget, maintainproperaccountsandotherrelevantrecords andprepareanannualstatement ofaccounts under sub-section (1) ofsection77; (ze) theforminwhichandtimeatwhichtheAuthority shallprepareanannual reportundersub-section (1) ofsection 78; (If)anyothermatterwhichistobe,ormaybe,prescribed,orinrespectofwhich provisionistobemade,byrules. \/83. (I)TheAuthority shall, withinaperiodofthreemonthsofitsestablishment, by Power to notification, maize regulations, consistent wr unmet and the rules made thereunder to make carry out the purposes of MrsAct. regulations. W (2)Inparticular, andwithoutprejudicetothegeneralityoftheforegoingpower,such regulationsmayprovideforalloranyofthefollowingmatters,namely:— (a)theformandmannerofmakingapplicationandfeepayableherewithunder sub-section (1) ofsection4; (b) the form ofapplication and the fees for extension ofregistration under section 6; (c) such other information and documents required under clause (f) of sub-section (1) ofsection 11; (:1)displayofsanctionedplans.layoutplansalong with specifications.appmvcd bseycttihoencIoI;mpetent authority, for display under clause (a) of sub-sect‘ion (3) of section(e)ll:preparation and maintenance of other details under sub-sect‘ion (6) of meetin ( g f) s t o im f e th . e p A la u c t e h s o a ri n ty d u th n e de p r ro su c b e — du s r e e cti i o n n r ( e I g ) a o rd fs t e o ct t i r o a n ns 2 a 9 c - tion ofbusiness at the Scanned by CamScanner 36 THEGAZETTEOFINDIAEXTRAORDINARY [PARTII— section(83)1th;eform. mann erandfeesforfili ‘ ng acomplaintundersub-section (2) of (h) standard fees tobe levied on the remote , th agentunderclause (e) ofsection34; P r eanomes or the real “me (i) any other matterwhichisrequiredtobe, ormaybe,specifiedbyregulation01'in respectofWthprowsronistobemadebyregulations. Laying of rules. 86‘ (1) Every rule made by the Central Government, every regulation made by the Authority Under the Union terriotry ofDelhi andthe Uniontenitories withoutLegislature andeverynotificationissuedbytheCentralGovernmentunderthisActshallbelaid,assoon asmaybeafteritismade,beforeeachHouseofParliament,whileitisinsession,foratotal periodofthirty dayswhichmaybecomprised inonesession orintwoormore successive sessions, and if, beforetheexpiry ofthe sessionimmediately following the sessionorthe successivesessions aforesaid,bothHousesagreeinmakinganymodificationintheruleof regulation orin the notification, as the case may be, orboth Houses agreethattherule or regulationorthenotificationshould notbemade,theruleorregulationornotification,asthe casemaybe,shallthereafter haveeffectonlyinsuchmodifiedformorbeofnoeffect,asthe case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule or regulation or notification, asthe casemaybe. (2)EveryrulemadebyaStateGovernmentortheUnionterritoryGovernment,asthe case may be, every regulation made by theAuthority under the State Government or the UnionterritoryGovemmentofPuducherry,as thecasemaybe,andeverynotificationissued bytheStateGovernmentortheUnionterritoryGovernmentofPuducherry,asthecase may be, under this Act, shall be laid as soon as may be, after it is made, before the State Legislature, ortheUnionterritoryLegislature,asthecasemaybe,whereitconsistsoftwo Houses, orwhere such legislature consists ofoneHouse, beforethatHouse. MemberS. 87.TheChairperson,MembersandotherofficersandemployeesoftheAuthority,and etc., tobe theAppellateTribunal and the adjudicatingofficershall be deemed to be public servants Public withinthemeaningofsection21 oftheIndianPenalCode. 45 of 1860. servants. _—’~——’—-‘ Application 88. The provisions of thisAct shall be in addition to, and not in derogation of, the 0f0‘1““laws provisionsofanyotherlawforthetimebeinginforce. notbarred. Ac, m have 89.The provisions ofthisAct shall have effect, notwithstanding anything inconsis- ovefl'iding tenttherewithcontainedinanyotherlawforthetimebeinginforce. effect. Protection 90. No suit, prosecution orotherlegal proceedings shall lie against the appropriate ofkactifm GovernmentortheAuthorityoranyofficeroftheappropriateGovemmentoranymember ( : a 0; n m in m officer or other employees of the Author - ity for anythi . ng whi . ch i . s i . n good fai . th done or ‘ intended tobe done underthisActortherules orregulations made thereunder. Power to 91.(I)IfanydifficultyarisesingivingeffecttotheprovisionsofthisAct.the Central -- ; _ rdeifmficouvleties. Government may, by order.- publi-shed i . n the Officr . al Gazette, make such provisions not 7,! u: inconSistentWiththeprovrsronsofthisActasmay appeartobenecessary forremovingthe 7 ‘/ ' - difficulty: Provided thatnoordershallbemadeunderthis sectioitaftertheex ' l fromthedateofthecommencementofthisAct. ptryortwoyears (2)EveryordermadeunderthissectionshallbeI ‘d ' ' beforeeachHouseofParliament. in ‘assoonasmaybeafier“‘5made, Scanned by CamScanner SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 37 Maharashtra 92. The MaharashtraHousing (Regulation and Development) Act, 2012 is hereby “9”" ActNo. II of repealed. 2014. DR.REETAVASISHTA. AdditionalSecy. totheGovt. ofIndia. yum-ranBYmaGENERALMANAGER.GOVERNMENTorINDIAmass.MIN'mROAD NEWDE]m ANDPUBLISHEDBYnuscomow0F PUBLICATIONS.Damn—ecu; GMGIPMRND—53240|(83)-26—03-2016. Scanned by CamScanner CORRIGENDA [n the REAL ESTATEP(REGULATION AND DEVELOPMENT) ACT, 2016 (16 of2016)as published in the GazetteofIndia,Extraordinary. anll,Section 1,IssueNo.17.dated“1226“: March,2016,— PageNo. Line(s)No. For Read 3 1s fi fi 6 l5 “sewage" “sewerage" 20 «or» “of, 6 26 “as“ «asa” . 6 33 “apartment” “apartments” 8 l8 “apartment" “appurtcnam” 8 19 “arms" “area” 9. 2 “forthe" “forthat” 9 5 “schedulebank" “scheduledbank” 9 34 "clause(1)" “clause(1)” 10 38 “back“ “bank" 10 39 “clause(1)” “clause(1)" l1 19 “fulfillment” "fulfilment" 11 23 “the" “this" 15 1l “alloltccs” “fillottecs” 16 26 “theassociation" “totheassociation” I? 18 “clause(1)" “clause(1)” 20 37 "of’ “or" 2 23 l 4 38 5 “ “ t o o f " “ “ “o o r r " " «_ 23 39 “Staes” “Stats” 26 31 “of! “or" 29 l1 “buildings" “building” 3] 26 “be” “the" 32 2] “the" “that” 35 13 “of’ “or” 13* Scanned by CamScanner CORRimaMM ‘-' flsgcn m w th ,9 e : m w a as m pu Ba IS x/km al ( o R n E g G m U m LA th T e IO A N ppr A o N pr D iat n io e n w ( z “9 m 2. m 1)A°_ .: ‘fi « 20 ~ 1'6(No2901501811“conunumion°f'ca(licr 1‘;3 Read Lungs),No. [~01- ':1 PageNo. ._WW.......... 1'5 m,“,., “ ‘w su s p s l cz ” yafiow 5:13‘3‘23 ..., “,nw :2 4 4 ' 4'3 -} _;- 4 42.7 { L “f h ‘ a s x q p l c m rs i o m n : f " j C iu h ri a é i d rp 'i e ct r i s c o n n “ ” 3.- 9 7 . 5 5 ' 3 1 0 5 “ f e ‘p llI c a r S so 'e n .” s?‘ “ “ C pe la rs u o s n e ” “I T 2 . ; 5 9 5 f “ S ’rc c ‘ h c d ip u t” lcd” ‘,. “ “ S im ch a e m du ” le“ (4 “ ‘ , 9 H 11 1 2 3. 6 0 6 “ “ s “ r S m m u p fi e - o - ”a n o w s f e i “ b d N i ” lt W ies " ” “ “ “ r ( S e S a s a t p i l s i o e fi n n e s t d i U b ” i n li i t o ie n s ? ?" ‘-' 2' “board” 2 1 ’ 2 1 2 2 3 0 9 0 1 '! 4 2 4 3 l 4 5 9 2 2 . ‘ “ “ " “ “ b c t o “ p h p o u m h c e w e o r m r ” a t e s o ‘ l i c fi , s g ” r c s r i ' b a j r o ” e h n d p " ” s” ‘ ‘ ‘ ‘ f f T c m t o h p a m r t e s e g e r o i s e s ' to c s a g u i fi o r e b a n ‘ p e r ’ t . : d ‘ ’ x ' ’s " "15 ' _ v - . ”~ ‘ 22 1 1 0 5 “or? , : s o e r g ' uktw . gs a! '” '22 “rcgualtions” 22 46 “MinsiW” “WWW,” '1 ”.10 “M‘P‘Sf‘y; ,, ”.3 1 2 2 3 3 5 H ' “ " M jus in ri s s t d ry ic ” tion" ‘ l i lc “fl m s c d m ‘fiu ‘“ g ” gfi ' "In. 24 "cmcdatined" ‘‘ 2 1 4 4 7 7 11 “ “ p S r ta m te ot o c f r ” ” : “ ‘ S p t r a o t m e o o t r f " f 4} '26 “contrat” F :a W PP W wa‘ ‘ e u . fl“ 2 2' 6 1 4 1 2 1 “ “ a A p p p p e l l c la ll e a “ tcTrinbunal” *Appellateffibun - . 29 4 m 9 “Applcllatc” ‘ " f W AP E P N ‘l ? ‘a “ i‘: ” f '29 “releation” 30 ( 2 19 0 ' “Crimnal” " ‘. ‘_ ‘1 C o n t m fie m “ al” ” . 30 “tobe" #1.;- I r E i f} g , ; 3 3 3 3 t ‘ 2 ‘ 2 2 ” 1 3 6 9 ' 5 5 ' " ’ “ “ “ “ p t C t e h ru o r e r p m ” i o ro p s l ‘ r i c e t s o s ” l ” ler” “ “ “ “ P t t C e h “W r a o r O t i m ” t S m ? m w 5 ? “ , : i . . , » - , f ‘ ‘ 32 2 2 1 5 v w “rmnsfimcdn f ‘j i r l e li c n o g nfi " fi‘I ‘- -I 1 ‘ » Cd" ~ 33 3 "filling” ‘. . g; “clause(11)” “clausa(g) a: ‘5 “territory” 36 “‘terriotry" 3 .. 'L‘.” . .Sv .>‘- ‘1' 1-\ Scanned by CamScanner