Bare ActsThe Real Estate (Regulation And Development ) Act, 2016

Section 40

(I) if a promoter or an nllottee or a real estate agent

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(I) if a promoter or an nllottee or a real estate agent. as the case may he. fails tom interest or any interest or penalty or compensation imposed on him, by the ndjudicnting officer or the gmzmm Regulatory Authority or the Appellate Authority. as the case may be. under this Act or the and rules and rcguultions made thereunder. it shnll he recovemhlc from such promoter or ullottee enforcement or real estate agent, in such manner us may be prescribed us an meats of land rework,- “ "a" m‘ (2) if any tuljudicuting officer or the Regulatory Authority or the Appellate Tribunal as the care may be, issues any order or directs any person to do any act, or refrain from doing any act. which it in empowered to do under this Actor the titles or regulations made ihemunder then in case of failure by any portion to comply with such order or direction. the same shall ‘ enforced, In such manner as may be prescribed. ‘ be Scanned by CamScanner S . BC 1] THE GAZETTE OF INDIA EXTRAORDINARY 23 CHAPTERVI CENTRAL ADVISORY COUNCIL date 21:11 (1) The Central Government may, by notification, establish with efl'ect from such come“ may specify in such notification, a Council to be known as the Central Advisory (2) The Minister to the Government of India in charge of the Ministry of the Central nernlment dealing with Housing shall be the ex ofiicio Chairperson ofthe CentralAdvisory unct . . (3) The Central Advisory Council shall consist of representatives of the Ministry of Finance, Ministry of Industry and Commerce, Ministry ofUrban Development, Minsitry of Consumer Affairs, Minstry of Corporate Affairs, Ministry of Law and Justice, Niti Aayog, National Housing Bank, Housing and Urban Development Corporation, five representatives 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 department as notified. (4) The Central Advisory Council shall also consist of not more 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.

Section 40 – The Real Estate (Regulation And Development ) Act, 2016 | DailyLaw.ai