Lawgist38Powers of Authority
(1) The Authority shall have powers to impose penalty or interest, in regard to any contravention of obligations cast upon the promoters, the allottees and the real estate agents, under this Act or the rules and the regulations made thereunder.
(2) The Authority shall be guided by the principles of natural justice and, subject to the other provisions of this Act and the rules made thereunder, the Authority shall have powers to regulate its 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 the development of a real estate project; or
(b) has effect of market power of monopoly situation being abused for affecting interest of allottees adversely,
then the Authority, may, suo motu, make reference in respect of such issue to the Competition Commission of India.
Download our fully-offline, High speed android app.- Click here
- 20 Establishment and incorporation of Real Estate Regulatory Authority
- 21 Composition of Authority
- 22 Qualifications of Chairperson and Members of Authority
- 23 Term of office of Chairperson and Members
- 24 Salary and allowances payable to Chairperson and Members
- 25 Administrative powers of Chairperson
- 26 Removal of Chairperson and Members from office in certain circumstances
- 27 Restrictions on Chairperson or Members on employment after cessation of office
- 28 Officers and other employees of Authority
- 29 Meetings of Authority
- 30 Vacancies, etc., not to invalidate proceeding of Authority
- 31 Filing of complaints with the Authority or the adjudicating officer
- 32 Functions of Authority for promotion of real estate sector
- 33 Advocacy and awareness measures
- 34 Functions of Authority
- 35 Powers of Authority to call for information, conduct investigations
- 36 Power to issue interim orders
- 37 Powers of Authority to issue directions
- 38 Powers of Authority
- 39 Rectification of orders
- 40 Recovery of interest or penalty or compensation and enforcement of order, etc
