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Section 62 : Penalty for non registration and contravention under sections 9 and 10 - The Real Estate (Regulation and Development) Act, 2016

What is Penalty for non registration and contravention under sections 9 and 10 under section 62 of The Real Estate (Regulation and Development Act, 2016). Penalty for non registration and contravention under sections 9 and 10 is defined under Section 62 of the Act. Provisions under Section 62 are:

Section 62 "Penalty for non registration and contravention under sections 9 and 10" - The Real Estate (Regulation and Development Act, 2016)

 

If any real estate agent fails to comply with or contravenes the provisions of section 9 or section 10, he shall be liable to a penalty of ten thousand rupees for every day during which such default continues, which may cumulatively extend up to five per cent of the cost of plot, apartment or buildings, as the case may be, of the real estate project, for which the sale or purchase has been facilitated as determined by the Authority.

 

 

The Real Estate (Regulation and Development) Act, 2016

Section 61 : Penalty for contravention of other provisions of this Act

Section 62 : Penalty for non registration and contravention under sections 9 and 10

Section 63 : Penalty for failure to comply with orders of Authority by promoter

Section 64 : Penalty for failure to comply with orders of Appellate Tribunal by promoter

Section 65 : Penalty for failure to comply with orders of Authority by real estate agent

 

 

Section 66 : Penalty for failure to comply with orders of Appellate Tribunal by real estate agent

Section 67 : Penalty for failure to comply with orders of Authority by allottee

Section 68 : Penalty for failure to comply with orders of Appellate Tribunal by allottee

Section 69 : Offences by companies

Section 70 : Compounding of offences

 

 

Section 71 : Power to adjudicate

Section 72 : Factors to be taken into account by the adjudicating officer

CHAPTER IX
FINANCE, ACCOUNTS, AUDITS AND REPORTS

Section 73 : Grants and loans by Central Government

Section 74 : Grants and loans by State Government

Section 75 : Constitution of Fund

 

 

Section 76 : Crediting sums realised by way of penalties to Consolidated Fund of India or State account

Section 77 : Budget accounts and audit

Section 78 : Annual Report

CHAPTER X
MISCELLANEOUS

Section 79 : Bar of Jurisdiction

Section 80 : Cognizance of Offences

Section 81 : Delegation

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