LawgistThe Real Estate (Regulation and Development) Act
62Penalty for nonregistration and contravention under sections 9 and 10
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 building, as the case may be, of the real estate project, for which the sale or purchase has been facilitated as determined by the Authority.
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OFFENCES, PENALTIES AND ADJUDICATION
- 59 Punishment for nonregistration under section 3
- 60 Penalty for contravention of section 4
- 61 Penalty for contravention of other provisions of this Act
- 62 Penalty for nonregistration and contravention under sections 9 and 10
- 63 Penalty for failure to comply with orders of Authority by promoter
- 64 Penalty for failure to comply with orders of Appellate Tribunal by promoter
- 65 Penalty for failure to comply with orders of Authority by real estate agent
- 66 Penalty for failure to comply with orders of Appellate Tribunal by real estate agent
- 67 Penalty for failure to comply with orders of Authority by allottee
- 68 Penalty for failure to comply with orders of Appellate Tribunal by allottee
- 69 Offences by companies
- 70 Compounding of offences
- 71 Power to adjudicate
- 72 Factors to be taken into account by the adjudicating officer
