Amendment status not verified — confirm the current text below against the official source.
( 1 ) Every person who has executed an agreement to take a flat shall pay, at the proper time and place, the price, his proportionate share of the municipal taxes, water and electricity charges, ground-rent, if any, and other public charges in accordance with his agreement with the promoter. ( 2 ) Any person who has executed an agreement to take a flat and who, without reasonable excuse, fails to comply with or contravenes sub-section ( 1 ) shall be punishable with fine which may extend to the amount defaulted.