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Section 76 : Crediting sums realised by way of penalties to Consolidated Fund of India or State account - The Real Estate (Regulation and Development) Act, 2016

 

What is Crediting sums realised by way of penalties to Consolidated Fund of India or State account under section 76 of The Real Estate (Regulation and Development Act, 2016). Crediting sums realised by way of penalties to Consolidated Fund of India or State account are defined under Section 76 of the Act. Provisions under Section 76 are:

 

 

Section 76 "Crediting sums realised by way of penalties to Consolidated Fund of India or State account" - The Real Estate (Regulation and Development Act, 2016)

 

(1) All sums realised, by way of penalties, imposed by the Appellate Tribunal or the Authority, in the Union territories, shall be credited to the Consolidated Fund of India.

 

(2) All sums realised, by way of penalties, imposed by the Appellate Tribunal or the Authority, in a State, shall be credited to such account as the State Government may specify.

 

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