REAL ESTATE (REGULATION AND DEVELOPMENT)

ACT, 2016
(RERA)
16091AA037- G LAXMI
16091AA038- HIBA FATIMA
16091AA039- K PADMA PRIYA
 INDEX
• CHAPTER I – PRELIMINARY
• CHAPTER II – REGISTRATION OF REAL ESTATE PROJECT AND REGISTRATION OF REAL ESTATE AGENTS
• CHAPTER III – FUNCTIONS AND DUTIES OF PROMOTER
• CHAPTER IV – RIGHTS AND DUTIES OF ALLOTTEES
• CHAPTER V – THE REAL ESTATE REGULATORY AUTHORITY
• CHAPTER VI – CENTRAL ADVISORY COUNCIL
• CHAPTER VII – THE REAL ESTATE APPELLATE TRIBUNAL
• CHAPTER VIII – OFFENCES, PENALTIES AND ADJUDICATION
• CHAPTER IX – FINANCE, ACCOUNTS, AUDITS AND REPORTS
• CHAPTER X – MISCELLANEOUS
 WHAT IS RERA?
• AN ACT TO ESTABLISH THE REAL ESTATE REGULATORY AUTHORITY FOR REGULATION AND PROMOTION OF
THE REAL ESTATE SECTOR AND TO ENSURE SALE OF PLOT, APARTMENT OR BUILDING, AS THE CASE MAY BE,
OR SALE OF REAL ESTATE PROJECT, IN AN EFFICIENT AND TRANSPARENT MANNER AND TO PROTECT THE
INTEREST OF CONSUMERS IN THE REAL ESTATE SECTOR AND TO ESTABLISH AN ADJUDICATING MECHANISM
FOR SPEEDY DISPUTE REDRESSAL AND ALSO TO ESTABLISH THE APPELLATE TRIBUNAL TO HEAR APPEALS
FROM THE DECISIONS, DIRECTIONS OR ORDERS OF THE REAL ESTATE REGULATORY AUTHORITY AND THE
ADJUDICATING OFFICER AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO.
• THE BILL WAS PASSED BY THE RAJYA SABHA ON 10TH MARCH, 2016 AND BY THE LOK SABHA ON 15 MARCH
2016.
• THE ACT CAME INTO FORCE FROM 1 MAY 2016 WITH 69 OF 92 SECTIONS NOTIFIED.
• THE CENTRAL AND STATE GOVERNMENTS ARE LIABLE TO NOTIFY THE RULES UNDER THE ACT WITHIN A
STATUTORY PERIOD OF SIX MONTHS.
• IT EXTENDS TO THE WHOLE OF INDIA EXCEPT THE STATE OF JAMMU AND KASHMIR
• REAL ESTATE REGULATORY AUTHORITY (RERA) IS THE GOVERNING AUTHORITY.
• THE LAW IS NOT RETROSPECTIVE.
 SALIENT FEATURES
• ESTABLISHES THE STATE REAL ESTATE REGULATORY
AUTHORITY FOR THAT PARTICULAR STATE AS THE
GOVERNMENT BODY TO BE APPROACHED FOR
REDRESSAL OF GRIEVANCES AGAINST ANY BUILDER.
• VESTS AUTHORITY ON THE REAL ESTATE REGULATOR
TO GOVERN BOTH RESIDENTIAL AND COMMERCIAL
REAL ESTATE TRANSACTIONS.
• IT IS MANDATORY FOR DEVELOPERS TO POST ALL
INFORMATION ON ISSUES SUCH AS PROJECT PLAN,
LAYOUT, GOVERNMENT APPROVALS, LAND TITLE
STATUS, SUB-CONTRACTORS TO THE PROJECT,
SCHEDULE FOR COMPLETION WITH THE STATE REAL
ESTATE REGULATORY AUTHORITY (RERA) AND THEN IN
EFFECT PASS THIS INFORMATION ON TO THE
CONSUMERS.
• THE CURRENT PRACTICE OF SELLING ON THE BASIS OF
AMBIGUOUS SUPER BUILT-UP AREA FOR A REAL ESTATE
PROJECT IS DECLARED ILLEGAL.
• CARPET AREA HAS BEEN CLEARLY DEFINED.
 Punishment for developer who violates the order of the
appellate tribunal of the RERA is three years with or
without a fine.
 Currently, if a project is delayed, then the developer does
not suffer in any way. Now, the law ensures that any delay
in project completion will make the developer liable to pay
the same interest as the EMI being paid by the consumer to
the bank back to the consumer
 The developer cannot make any changes to the plan that
had been sold without the written consent of the buyer.
 This puts paid to a common and unpopular practice by
developers to increase the cost of projects.
 Every project measuring more than 500 square meters or
more than eight apartments will have to be registered with
the RERA.
>500 sq.m
 The law mandates every builder to keep 70% of collection
from every project in Separate Bank Account.
 ADVANTAGES OF RERA (REAL ESTATE
DEVELOPMENT AND REGULATION ACT)
 CHAPTER II REGISTRATION OF REAL ESTATE PROJECT AND
REGISTRATION OF REAL ESTATE AGENTS

PRIOR REGISTRATION OF REAL ESTATE PROJECT WITH RERA.

• PROMOTERS ARE NOT ALLOWED TO ADVERTISE, MARKET, BOOK, SELL OR OFFER
FOR SALE ANY PLOT/APARTMENT/BUILDING BEFORE REGISTERING THE PROJECT
WITH REAL ESTATE REGULATORY AUTHORITY (RERA). ONGOING PROJECTS ARE
REQUIRED TO BE REGISTERED WITHIN 3 MONTHS FROM COMMENCEMENT OF
THIS ACT.
• REGISTRATION NOT REQUIRED WHERE LAND SIZE DOES NOT EXCEED 500 SQ.
METERS, OR WHEN NUMBER OF APARTMENTS IN TOTAL DOES NOT EXCEED 8, OR
WHERE COMPLETION CERTIFICATE HAS BEEN RECEIVED FOR THE PROJECT OR
FOR THE PURPOSE OF REDEVELOPMENT / RENOVATION.
>500 sq.m
Application for Registration
RERA shall have an operational online system for submitting applications for registration, within a period of one year from
the date of its establishment.
Following documents shall be enclosed with the application:

Details of the Promoter: Name and Details of the Projects launched in

type of enterprise, Registered Address, the preceding Five years: status of Authenticated copy of the
particulars of registration, Name and development, any delays in Approvals and Commencement
Photographs of the Promoter. completion, pending cases. Certificate.

Details of Apartment: the carpet

Ownership Documents: Proforma area, number and types of
Details of the Project: the location,
of the Allotment Letter, apartments along with areas of
sanctioned plan, layout plan, plan of
Agreement for Sale, and the balcony/exclusive open terrace.
development works, and other
Conveyance Deed proposed to be Also, the number and areas of
specifications of the proposed project.
signed by the allottees. garages.

Details of Persons Involved in Declaration by the Promoter: That

Development: Names and he has legal title to the land along
Details of Real Estate Agents: Names addresses of Architects, with proof thereof, that the land is
and addresses of all real estate agents Engineers, Structural Engineer, free from encumbrances or with
to be engaged. and any other person involved. details of the encumbrance
GRANT AND EXTENSION OF REGISTRATION
• THE AUTHORITY SHALL WITHIN A PERIOD OF 30 DAYS FROM RECEIPT OF
APPLICATION REJECT OR GRANT REGISTRATION. IF REGISTRATION IS GRANTED,
THEN RERA SHALL PROVIDE A REGISTRATION NUMBER, INCLUDING A LOGIN ID AND
PASSWORD TO THE APPLICANT FOR ACCESSING THE WEBSITE OF THE AUTHORITY
AND TO CREATE HIS WEB PAGE AND TO FILL THEREIN THE DETAILS OF THE
PROPOSED PROJECT. NO APPLICATION CAN BE REJECTED UNLESS THE APPLICANT
HAS BEEN PROVIDED WITH AN OPPORTUNITY TO BE HEARD.
• IF NEITHER REJECTED OR GRANTED REGISTRATION, WITHIN 30 DAYS TIME, THE
APPLICATION SHALL BE DEEMED TO BE GRANTED REGISTRATION.
• REGISTRATION SHALL BE VALID FOR THE DURATION OF TIME AS MENTIONED BY
THE PROMOTER IN THE APPLICATION, THE TIME IN WHICH THE PROJECT IS TO BE
COMPLETED.
• A REGISTRATION MAY BE EXTENDED BY AN APPLICATION FROM THE PROMOTER
FOR REASONS OF FORCE MAJEURE.
REVOCATION OF REGISTRATION
• RERA MAY, SUO MOTU, OR ON RECEIPT OF A COMPLAINT, OR ON THE RECOMMENDATION OF THE COMPETENT
AUTHORITY, REVOKE REGISTRATION ON THE FOLLOWING GROUNDS:
• PROMOTER MAKES DEFAULT IN DOING ANYTHING REQUIRED UNDER THE ACT OR RULES, OR
• PROMOTER VIOLATES TERMS AND CONDITIONS OF THE APPROVAL GRANTED BY A COMPETENT AUTHORITY, OR
• PROMOTER IS INVOLVED IN ANY KIND OF UNFAIR PRACTICES (FALSE REPRESENTATION OF THE STANDARD OF
SERVICES, OF APPROVAL OR AFFILIATION THAT DOES NOT EXIST, OR ANY OTHER FALSE OR MISLEADING
REPRESENTATION REGARDING THE SERVICES, OR PRACTICE OF ANY FRAUDULENT PRACTICES).
• REVOCATION MAY ONLY BE DONE AFTER RERA GIVES IN WRITING, A 30 DAYS NOTICE STATING THE GROUNDS
FOR PROPOSED REVOCATION, AND CONSIDERATION OF ANY CAUSE SHOWN BY THE PROMOTER WITHIN THE
NOTICE PERIOD.
RERA, UPON REVOCATION:
• SHALL DEBAR THE PROMOTER FROM ACCESSING THE AUTHORITY’S WEBSITE IN RELATION TO THE PROJECT
AND THE NAME OF THE PROMOTER SHALL BE ADDED TO THE LIST OF DEFAULTERS ALONG WITH HIS
PHOTOGRAPH ON THE WEBSITE. OTHER STATE RERAS SHALL BE INTIMATED OF SUCH REVOCATION.
• SHALL FACILITATE THE REMAINING DEVELOPMENT WORKS TO BE CARRIED OUT AS PER THE DECISION TAKEN
BY IT, WHICH MAY INCLUDE CARRYING OUT OF THE REMAINING DEVELOPMENT WORKS BY COMPETENT
AUTHORITY OR BY THE ASSOCIATION OF ALLOTTEES.
• SHALL DIRECT THE BANK HOLDING THE PROJECT BANK ACCOUNT TO FREEZE IT, AND THEREAFTER MAY
DIRECT THE BANK TO DE-FREEZE IT FOR THE PURPOSES OF FACILITATING THE COMPLETION OF THE PROJECT.
REGISTRATION OF REAL ESTATE AGENTS
• BEFORE FACILITATING THE SALE OR PURCHASE OF ANY UNIT PART OF A REAL ESTATE PROJECT
REGISTERED UNDER THE ACT, BEING SOLD BY THE PROMOTER, THE REAL ESTATE AGENT (FOR
SHORT ‘AGENT’) MUST HAVE OBTAINED REGISTRATION UNDER THIS SECTION.
• FOR REGISTRATION AS AN AGENT UNDER THIS ACT, ONE MUST MAKE AN APPLICATION TO
RERA, ALONG WITH SUCH FEE AND RELEVANT DOCUMENTS, AS MAY BE PRESCRIBED.
REGISTRATION MAY BE GRANTED TO AN AGENT FOR THE ENTIRE STATE OR UNION TERRITORY,
AS THE CASE MAY BE. REGISTRATION MAY BE VALID FOR THE PRESCRIBED PERIOD, AND
SUBJECT TO RENEWAL, IN THE MANNER AND ON PAYMENT OF SUCH FEE, AS MAY BE
PRESCRIBED.
• A REGISTERED AGENT SHALL HAVE A REGISTRATION NUMBER, WHICH SHALL BE QUOTED IN
ALL SALES FACILITATED BY HIM.
• REGISTRATION OF AN AGENT MAY BE REVOCABLE OR SUSPEND ABLE ON THE GROUNDS SUCH
AS BREACH OF PROVISIONS OF THE ACT, OR WHEN THE AUTHORITY IS SATISFIED THAT SUCH
REGISTRATION HAS BEEN OBTAINED BY THE AGENT VIA MISREPRESENTATION OR FRAUD.
OPPORTUNITY TO BE HEARD IN THIS REGARD SHALL BE GIVEN BEFORE ANY SUCH
REVOCATION OR SUSPENSION.
 Functions of Real Estate Agents  

maintain proper books of accounts and

records as prescribed;
provide all documents/information to the
allottee required at the time of booking;
and
not facilitate sale or purchase of area under
an unregistered planning area

perform other functions as prescribed.

not engage itself in any unfair trade

practices;
CHAPTER III – Functions and Duties Of Promoter
FUNCTIONS AND DUTIES OF PROMOTER
• A REGISTERED PROMOTER SHALL USE LOGIN ID AND PASSWORD PROVIDED TO HIM TO CREATE A WEBPAGE ON THE AUTHORITY’S WEBSITE AND
ENTER ALL DETAILS OF THE PROJECT FOR PUBLIC VIEWING, INCLUDING DETAILS OF REGISTRATION AND QUARTERLY UP-TO-DATE STATUS OF
PROJECT, QUARTERLY UP-TO-DATE LIST OF NUMBER AND TYPE OF APARTMENT/UNITS AND GARAGES BOOKED AND QUARTERLY UP-TO-DATE LIST OF
APPROVALS TAKEN AND PENDING APPROVALS.
• THE ADVERTISEMENT/PROSPECTUS ISSUED BY PROMOTER SHALL HAVE PROMINENTLY MENTIONED THE AUTHORITY’S WEBSITE, WHERE
ABOVEMENTIONED INFORMATION IS AVAILABLE FOR PUBLIC VIEWING.
• PROMOTER SHALL, AT THE TIME OF BOOKING AND ISSUING OF ALLOTMENT LETTER, MAKE AVAILABLE TO THE ALLOTTEE:
  I.    SANCTIONED PLANS, LAYOUT PLANS WITH SPECIFICATIONS AS APPROVED BY COMPETENT AUTHORITY, BY DISPLAY AT SITE OR AS MAY BE
PRESCRIBED BY RERA; AND
  II.           STAGE WISE SCHEDULE OF COMPLETION OF PROJECT.
• PROMOTER SHALL BE RESPONSIBLE FOR ALL OBLIGATIONS, RESPONSIBILITIES WITH RESPECT TO THE ALLOTTEES UNTIL THE CONVEYANCE OF THE
APARTMENT/PLOT HAS BEEN MADE TO THEM.
• PROMOTER SHALL OBTAIN ALL RELEVANT DOCUMENTS SUCH AS COMPLETION CERTIFICATE OR OCCUPANCY CERTIFICATE (OR BOTH, AS
APPLICABLE), THE LEASE CERTIFICATE (WITH ALL DUES PAID IN REGARD TO LEASEHOLD LAND, WHERE THE PROJECT IS ON A LEASEHOLD LAND)
AND MAKE IT AVAILABLE TO THE ALLOTTEES.
• PROMOTER SHALL EXECUTE A REGISTERED CONVEYANCE DEED OF THE APARTMENT, PLOT OR BUILDING IN FAVOR OF THE ALLOTTEE ALONG WITH
UNDIVIDED PROPORTIONATE TITLE IN THE COMMON AREAS TO THE ASSOCIATION OF ALLOTTEES OR COMPETENT AUTHORITY AS THE CASE MAY BE.
• PROMOTER SHALL PAY ALL OUTGOINGS UNTIL HE TRANSFERS THE PHYSICAL POSSESSION OF THE PROJECT TO THE ALLOTTEE. OUTGOINGS MAY
INCLUDE: LAND COST, LOCAL TAXES, ELECTRICITY/WATER CHARGES, MAINTENANCE CHARGES, LOANS AND MORTGAGES.
• THE PROMOTER ALSO HAS THE RIGHT TO CANCEL ALLOTMENT, BUT ONLY ON THE TERMS OF AGREEMENT OF SALE. ALTHOUGH, ALLOTTEE SHALL
HAVE THE RIGHT TO APPROACH THE AUTHORITY AGGRIEVED BY SUCH CANCELLATION CITING IT UNILATERAL AND NOT IN ACCORDANCE WITH THE
TERMS OF THE AGREEMENT OF SALE.
COMPENSATION FOR LOSS/DAMAGE DUE TO INCORRECT OR FALSE
INFORMATION PROVIDED BY PROMOTER
• PROMOTER SHALL HAVE TO COMPENSATE ANY PERSON WHO MAKES A PAYMENT
ON THE BASIS OF INFORMATION IN THE NOTICE ADVERTISEMENT OR PROSPECTUS
OR MODEL APARTMENT AND SUSTAINS LOSS OR DAMAGE DUE TO INCORRECT,
FALSE INFORMATION.
• IF SUCH PERSON SHALL DECIDE TO WITHDRAW FROM THE PROJECT THEN HIS
ENTIRE INVESTMENT ALONG WITH INTEREST SHALL BE RETURNED TO HIM
NoALONG
DepositWITH
or Advance without Agreement for Sale
THE COMPENSATION.
 Promoter shall accept amount not more than 10% of the cost of the apartment as advance
payment/application fee without entering into a registered agreement for sale.
 Such an agreement shall include details of the project, dates and manner of payments are to be
made, and the date on which possession is to be handed over, rates of interest payable by either
party in case of default.
 COMMITMENT TO SANCTIONED PLANS AND PROJECT DETAILS

• PROJECT SHOULD BE COMPLETED IN ACCORDANCE TO THE SANCTIONED AND APPROVED PLANS AND DESIGN SPECIFICATIONS

• INCASE THE SANCTIONED PLANS AND DESIGN SPECIFICATION ARE DISCLOSED BY THE PROMOTER TO THE BUYER , THE PROMOTOER SHALL NOT :

1. ADDITIONS OR ALTERATIONS TO THE SANCRIONED PLANS , CONSETED PREVIOUSLY BY THE ALLOTTEES .

2. ALTERATIONS OR ADDITIONS TO THE SANCTIONED PLANS WITHOUT THE WRITTEN CONSENT OF 2/3 OF THE ALLOTTEES EXCLUDING THE
PROMOTER .

• INCASE ANY STRUCTURAL DEFECT OR LACK IN QUALITY OR PROVISION OF SERVICES BY THE PROMOTER , AS PER THE AGREEMENT FOR SALE
RELATING TO SUCH DEVELOPMENT SHOULD BE BROUGHT TO THE NOTICE OF THE PROMOTER WITHIN 5 YEARS OF HANDING OVER THE PROPERTY
TO THE ALLOTTE . IT IS THE DUTY OF THE PROMOTER TO RECTIFY DEFECTS WITHOUT FURTHER CHARGE , WITHIN 30 DAYS , IF FAILED TO DO SO
OBLIGATION OF PROMOTER
THE ALLOTTEE ID ENTITLED TO IN RECEIVE
CASE OF TRANSFER OF PROPERTY TO THIRD PARTY
COMPENSATION

• THE PROMOTER SHALL NOT TRANSFER OR ASSIGN HIS RIGHTS AND LIABILITIES OF A REAL ESTATE PROJECT TO A THIRD PARTY WITHOUT
OBTAINING PRIOIR WRITTEN CONSENT FROM 2/3 ALLOTTEES EXCEPT THE PROMOTER .

• ON TRANSFER BEING PERMITTED BY THE ALLOTTEES AND THE AUTHORITIES ANY PENDING OBLIGATIONS IS REQUIRED TO BE INDIVIDUALLY
COMPILED BY THE PROMOTER .

PROVIDED TRANSFER BEING PERMITTED UNDER THIS ACT SHALL NOT RESUKT IN EXTENSION OF TIME TO COMPLETE THE PROJECT AND HE/SHE

IS REQUIRED TO COMPLY TO THE PENDING OBLIGATIONS .

 OBLIGATION OF PROMOTER REGARDING INSURANCE OF PROJECT

• THE PROMOTER MUST OBTAIN ALL SUCH INSURANCES NOTIFIED BY THE GOVT INCLUDING :

1. TITLE OF LAND AND BUILDING AS PART OF PROJECT

2. CONSTRUCTION OF REAL ESTATE PROJECT

• THE PROMOTER IS LIABLE TO PAY THE PREMIUM AND CGARGES OF INSURANCE MENTIONED ABOVE AND PAY THE SAME BEFORE TRANSFERRING INSUARNCE TO
ALLOTTEES

• THE INSURANCE MENTIONED ABOVE MAY BE TRANSFREERED TO THE ALLOTTEES AT THE TIME OF PROMOTER ENTERING INTO AGREEMENT FOR SALE WITH
ALLOTTEES.

• ON FORMING THE ASSOCIATION OF ALLOTTEES ALL THE DOCUMENTS REGARDING INSURANCE SHALL BE HANDED OVER TO THE ASSOCIATION OF ALLOTTEES

TRANSFER OF TITLE

• THE PROMOTER SHALL EXECUTE A REGISTERED COVEYANCE DEED IN FAVOUR OF THE ALLOTTEE ALONG WITH TITLEIN THE COMMON AREAS
TO THE ASSOCIATION OF ALLOTTEESZ OR THE COMPETENT AUTHORITY AND HAND OVER THE POSSESSION OF PLOT , APARTMENT OR
BUILDING TO THE ALLOOTTEES AND COMMON AREAS TO THE ASSOCIATION OF ALLOTTES

• ATER OBTAINING OCCUPANCY AND HANDING OVER PROPERTY IT IS THE DUTY OF THE PROMOTER TO HANDOVER NECESSARY DOCUMENTS
AND PLANS WITHIN 30 DAYS OF OBTAINING OCCUPANCY CERTIFICATE .
RETURN OF AMOUNT AND COMPENSATION

• IF THE PROMOTER FAILS TO COMPLETE OR IS UNABLE TO GIVE POSSESION OF PROPERTY

1. HE/SHE IS LIABLE ON DEMAND TO THE ALLLOTTEE , INCAZE THE ALLOTTEES WISHES TO WITHDRAW FROM THE PROJECT , THE AMOOUNT
RECEIVED BY THE PROMOTER SHOULD BE RETURNED ALONG WITH INTEREST INCLUDING COMPENSATION .

2. PROVIDED WHERE THE ALLOTTEE DOES NOT WISH TO WITHDRAW FROM THE PROJECT , THEY SHALL BE PAID INTEREST FOR EVERYMONTH OF
DELAY TILL THE HANDING OVER OF PROPERTY .

• THE PROMOTER SHALL COMPENSATE THE ALLOTTEES IN CASE OF ANY LOSS OCCURRED DUE TO DEFECTIVE TITLE OF LAND ON WHICH THE
PROJECT IS BEING DEVELOP OR IS DEVELOPED

• IF THE PROMOTER FAILS TO COMPLY ANY OBLIGATIONS IMPOSED HE/SHE IS LIABLE TO PAY COMPENSATION TO THE ALLOTTEES
 CHAPTER 4 :
RIGHTS AND DUTIES OF ALLOTTEES

RIGHTS AND DUTIES OF ALLOTTEES :

• ALLOTTEE IS ENTITLED TO OBTAIN INFORMATION REGARDING SANCTIONED PLANS , ANY OTHER SPECIFICATIONS APPROVED BY THE AUTHORITIES

• ALLOTTEE IS ENTITLED TO KNOW STAGE WISE TIME SCHEDULE OF COMPLETITION OF PROJECT INCLUDING PROVISION OF SERVICES AS AGREED TO
BETWEEN THE PROMOTER AD ALLOTTEE IN ACCORDANCE WITH TERMS AND CONDITIONS OF THE AGREEMENT

• THE ALLOTTEE IS ENTITLED TO CLAIM THE POSSESSION OF APARTMENT , PLOT ETC AND THE ASSOCIATION OF ALLOTTES SHOULD BE ENTITLED TO THE
COMMON AREAS
• THE ALLOTTEE IS ENTITLED TO CLAIM REFUND ALONG WITH INTEREST AND COMPENSATION IF THE PROMOTER FAILS TO COMPLY OR IS UNABLE TO GIVE
POSSESSION OF PROPERTY IN ACCORDANCE WITH THE TERMS AND CONDITIONS

• ALLOTTEE ISENTITLED TO HAVE THE NECESSARY DOCUMENTS AND PLANS INCLUDING THAT OF COMMON AREAS AFTER HANDING OVER THE POSSESSION
PROPERTY BY THE PROMOTER

• EVERY ALLOTTEE IN POSSESSION OF PROPERTY IS REQUIRED TO PAY THE SAID AMOUNT WITHIN THE TIME AS MENTIONED IN THE AGRREMENT ALONG
WOTH THEIR SHARE OF MUNICIPAL CHARGES , TAXES , ETC

• THE ALLOTTEE IS LIABLE TO PAY INTEREST AT RATE PRESCRIBED FOR ANY DELAY IN PAYMENT

• THE OBLIGATION OF ALLOTTEE TO PAY THE AMOUNT AND LIABILITY TOWARDS INTEREST DUE TO DELAYED PAYMENT MAY BE REDUCED WHEN
MUTUALLY AGREED BETWEEN PROMOTER AND ALLOTTEE

• EVERY ALLOTTEE SHALL PARTICIPATE IN THE FORMATION OF ASSOCIATION OF THE ALLOTTEES

• EVERY ALLOTTEE SHALL TAKE PHYSICAL POSSESSION OF THE PROPERTY WITHIN 2 MONTHS OF OCCUPANCY CERTIFICATE ISSUED

• EVERY ALLOTTEE SHAL PARTICIPATE TOWARDS REGISTRATION OF THE CONVEYANCE DEED OF THE PROPERTY
 CHAPTER 5 :
THE REAL ESTATE REGUALTION AUTHORITY

ESTABLISHMENT AND INCORPORATION OF REAL ESTATE REGULATORY AUTHORITY:

• THE APPROPRIATE GOVERNMENT SHALL, WITHIN A PERIOD OF ONE YEAR FROM THE DATE OF COMING INTO FORCE OF THIS ACT, BY
NOTIFICATION, ESTABLISH AN AUTHORITY TO BE KNOWN AS THE REAL ESTATE REGULATORY AUTHORITY TO EXERCISE THE POWERS
CONFERRED ON IT AND TO PERFORM THE FUNCTIONS ASSIGNED TO IT UNDER THIS ACT:

• PROVIDED THAT THE APPROPRIATE GOVERNMENT OF TWO OR MORE STATES OR UNION TERRITORIES MAY, IF IT DEEMS FIT, ESTABLISH
ONE SINGLE AUTHORITY:

• PROVIDED FURTHER THAT, THE APPROPRIATE GOVERNMENT MAY, IF IT DEEMS FIT, ESTABLISH MORE THAN ONE AUTHORITY IN A STATE OR
UNION TERRITORY, AS THE CASE MAY BE:

• PROVIDED ALSO THAT UNTIL THE ESTABLISHMENT OF A REGULATORY AUTHORITY UNDER THIS SECTION, THE APPROPRIATE
GOVERNMENT SHALL, BY ORDER, DESIGNATE ANY REGULATORY AUTHORITY OR ANY OFFICER PREFERABLY THE SECRETARY OF THE
DEPARTMENT DEALING WITH HOUSING, AS THE REGULATORY AUTHORITY FOR THE PURPOSES UNDER THIS ACT:
• PROVIDED ALSO THAT AFTER THE ESTABLISHMENT OF THE REGULATORY AUTHORITY, ALL APPLICATIONS, COMPLAINTS OR CASES PENDING
WITH THE REGULATORY AUTHORITY DESIGNATED, SHALL STAND TRANSFERRED TO THE REGULATORY AUTHORITY SO ESTABLISHED AND
SHALL BE HEARD FROM THE STAGE SUCH APPLICATIONS, COMPLAINTS OR CASES ARE TRANSFERRED.

• THE AUTHORITY SHALL BE A BODY CORPORATE BY THE NAME AFORESAID HAVING PERPETUAL SUCCESSION AND A COMMON SEAL, WITH THE
POWER, SUBJECT TO THE PROVISIONS OF THIS ACT, TO ACQUIRE, HOLD AND DISPOSE OF PROPERTY, BOTH MOVABLE AND IMMOVABLE, AND TO
CONTRACT, AND SHALL, BY THE SAID NAME, SUE OR BE SUED.
 COMPOSITION OF AUTHORITY

• THE AUTHORITY SHALL CONSIST OF A CHAIRPERSON AND NOT LESS THAN TWO WHOLE TIME MEMBERS TO BE APPOINTED BY THE
APPROPRIATE GOVERNMENT.

QUALIFIACTION OF CHAIRPERSON AND MEMBERS OF AUTHORITY

• THE CHAIRPERSON AND OTHER MEMBERS OF THE AUTHORITY SHALL BE APPOINTED BY THE APPROPRIATE GOVERNMENT ON THE
RECOMMENDATIONS OF A SELECTION COMMITTEE CONSISTING OF THE CHIEF JUSTICE OF THE HIGH COURT OR HIS NOMINEE, THE
SECRETARY OF THE DEPARTMENT DEALING WITH HOUSING AND THE LAW SECRETARY, IN SUCH MANNER AS MAY BE PRESCRIBED, FROM
AMONGST PERSONS HAVING ADEQUATE KNOWLEDGE OF AND PROFESSIONAL EXPERIENCE OF AT-LEAST TWENTY YEARS IN CASE OF THE
CHAIRPERSON AND FIFTEEN YEARS IN THE CASE OF THE MEMBERS IN URBAN DEVELOPMENT, HOUSING, REAL ESTATE DEVELOPMENT,
INFRASTRUCTURE, ECONOMICS, TECHNICAL EXPERTS FROM RELEVANT FIELDS, PLANNING, LAW, COMMERCE, ACCOUNTANCY, INDUSTRY,
MANAGEMENT, SOCIAL SERVICE, PUBLIC AFFAIRS OR ADMINISTRATION:

• PROVIDED THAT A PERSON WHO IS, OR HAS BEEN, IN THE SERVICE OF THE STATE GOVERNMENT SHALL NOT BE APPOINTED AS A
CHAIRPERSON UNLESS SUCH PERSON HAS HELD THE POST OF ADDITIONAL SECRETARY TO THE CENTRAL GOVERNMENT OR ANY
EQUIVALENT POST IN THE CENTRAL GOVERNMENT OR STATE GOVERNMENT:

• PROVIDED FURTHER THAT A PERSON WHO IS, OR HAS BEEN, IN THE SERVICE OF THE STATE GOVERNMENT SHALL NOT BE APPOINTED AS A
MEMBER UNLESS SUCH PERSON HAS HELD THE POST OF SECRETARY TO THE STATE GOVERNMENT OR ANY EQUIVALENT POST IN THE STATE
GOVERNMENT OR CENTRAL GOVERNMENT.
 ADMINISTRATION POWERS OF CHAIPERSON

• THE CHAIRPERSON SHALL HAVE POWERS OF GENERAL SUPERINTENDENCE AND DIRECTIONS IN THE CONDUCT OF THE AFFAIRS OF
AUTHORITY AND HE SHALL, IN ADDITION TO PRESIDING OVER THE MEETINGS OF THE AUTHORITY, EXERCISE AND DISCHARGE SUCH
ADMINISTRATIVE POWERS AND FUNCTIONS OF THE AUTHORITY AS MAY BE PRESCRIBED.

REMOVAL OF CHAIRPERSON AND MEMBERS FROM OFFICE IN CERTAIN CIRCUMSTANCES.

• THE APPROPRIATE GOVERNMENT MAY, IN ACCORDANCE WITH THE PROCEDURE NOTIFIED, REMOVE FROM OFFICE THE CHAIRPERSON OR
OTHER MEMBERS, IF THE CHAIRPERSON OR SUCH OTHER MEMBER, AS THE CASE MAY BE,—

• (A) HAS BEEN ADJUDGED AS AN INSOLVENT; OR

(B) HAS BEEN CONVICTED OF AN OFFENCE, INVOLVING MORAL TURPITUDE; OR
(C) HAS BECOME PHYSICALLY OR MENTALLY INCAPABLE OF ACTING AS A MEMBER; OR
(D) HAS ACQUIRED SUCH FINANCIAL OR OTHER INTEREST AS IS LIKELY TO AFFECT PREJUDICIALLY

• HIS FUNCTIONS; OR
(E) HAS SO ABUSED HIS POSITION AS TO RENDER HIS CONTINUANCE IN OFFICE PREJUDICIAL

• TO THE PUBLIC INTEREST.

• THE CHAIRPERSON OR MEMBER SHALL NOT BE REMOVED FROM HIS OFFICE ON THE GROUND SPECIFIED UNDER CLAUSE (D) OR CLAUSE (E)
EXCEPT BY AN ORDER MADE BY THE APPROPRIATE GOVERNMENT AFTER AN INQUIRY MADE BY A JUDGE OF THE HIGH COURT IN WHICH SUCH
CHAIRPERSON OR MEMBER HAS BEEN INFORMED OF THE CHARGES AGAINST HIM AND GIVEN A REASONABLE OPPORTUNITY OF BEING HEARD
IN RESPECT OF THOSE CHARGES.
FILING OF COMPLAINTS WITH THE AUTHORITY OR THE ADJUDICATING OFFICER.

• ANY AGGRIEVED PERSON MAY FILE A COMPLAINT WITH THE AUTHORITY OR THE ADJUDICATING OFFICER, AS THE CASE MAY BE, FOR ANY
VIOLATION OR CONTRAVENTION OF THE PROVISIONS OF THIS ACT OR THE RULES AND REGULATIONS MADE THEREUNDER AGAINST ANY
PROMOTER ALLOTTEE OR REAL ESTATE AGENT, AS THE CASE MAY BE.

• EXPLANATION.—FOR THE PURPOSE OF THIS SUB-SECTION "PERSON" SHALL INCLUDE THE ASSOCIATION OF ALLOTTEES OR ANY VOLUNTARY
CONSUMER ASSOCIATION REGISTERED UNDER ANY LAW FOR THE TIME BEING IN FORCE.

• THE FORM, MANNER AND FEES FOR FILING COMPLAINT UNDER SHALL BE SUCH AS MAY BE SPECIFIED BY REGULATIONS.

FUNCTIONS OF AUTHORITY FOR PROMOTION OF REAL ESTATE SECTOR.

• THE AUTHORITY SHALL IN ORDER TO FACILITATE THE GROWTH AND PROMOTION OF A HEALTHY, TRANSPARENT, EFFICIENT AND
COMPETITIVE REAL ESTATE SECTOR MAKE RECOMMENDATIONS TO THE APPROPRIATE GOVERNMENT OF THE COMPETENT AUTHORITY, AS
THE CASE MAY BE, ON,—

• PROTECTION OF INTEREST OF THE ALLOTTEES, PROMOTER AND REAL ESTATE AGENT;

CREATION OF A SINGLE WINDOW SYSTEM FOR ENSURING TIME BOUND PROJECT APPROVALS

• AND CLEARANCES FOR TIMELY COMPLETION OF THE PROJECT;

• CREATION OF A TRANSPARENT AND ROBUST GRIEVANCE REDRESSAL MECHANISM AGAINST ACTS OF OMMISSION AND COMMISSION OF
COMPETENT AUTHORITIES AND THEIR OFFICIALS;

• MEASURES TO ENCOURAGE INVESTMENT IN THE REAL ESTATE SECTOR INCLUDING MEASURES TO INCREASE FINANCIAL ASSISTANCE TO
AFFORDABLE HOUSING SEGMENT;
 FUNCTIONS OF AUTHORITY.

• THE FUNCTIONS OF THE AUTHORITY SHALL INCLUDE—

TO REGISTER AND REGULATE REAL ESTATE PROJECTS AND REAL ESTATE AGENTS REGISTERED UNDER THIS ACT;

• TO PUBLISH AND MAINTAIN A WEBSITE OF RECORDS, FOR PUBLIC VIEWING, OF ALL REAL ESTATE PROJECTS FOR WHICH REGISTRATION HAS BEEN
GIVEN, WITH SUCH DETAILS AS MAY BE PRESCRIBED, INCLUDING INFORMATION PROVIDED IN THE APPLICATION FOR WHICH REGISTRATION HAS
BEEN GRANTED;

• TO MAINTAIN A DATABASE, ON ITS WEBSITE, FOR PUBLIC VIEWING, AND ENTER THE NAMES AND PHOTOGRAPHS OF PROMOTERS AS DEFAULTERS
INCLUDING THE PROJECT DETAILS, REGISTRATION FOR WHICH HAS BEEN REVOKED OR HAVE BEEN PENALISED UNDER THIS ACT, WITH REASONS
THEREFOR, FOR ACCESS TO THE GENERAL PUBLIC;

• TO MAINTAIN A DATABASE, ON ITS WEBSITE, FOR PUBLIC VIEWING, AND ENTER THE NAMES AND PHOTOGRAHPS OF REAL ESTATE AGENTS WHO
POWERS
HAVE APPLIEDOF AUTHORITY.
AND REGISTERED UNDER THIS ACT, WITH SUCH DETAILS AS MAY BE PRESCRIBED, INCLUDING THOSE WHOSE REGISTRATION HAS
BEEN REJECTED OR REVOKED;
• 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.

• 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.

• 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,
 CHAPTER 6 :
CENTRAL ADVISORY COUNCIL
ESTABLISHMENT OF CENTRAL ADVISORY COUNCIL :
• THE CENTRAL GOVERNMENT MAY, BY NOTIFICATION, ESTABLISH WITH EFFECT FROM SUCH DATE AS IT MAY SPECIFY IN SUCH NOTIFICATION,
A COUNCIL TO BE KNOWN AS THE CENTRAL ADVISORY COUNCIL.

• THE MINISTER TO THE GOVERNMENT OF INDIA IN CHARGE OF THE MINISTRY OF THE CENTRAL GOVERNMENT DEALING WITH HOUSING SHALL
BE THE EX OFFICIO CHAIRPERSON OF THE CENTRAL ADVISORY COUNCIL.

• THE CENTRAL ADVISORY COUNCIL SHALL CONSIST OF REPRESENTATIVES OF THE MINISTRY OF FINANCE, MINISTRY OF INDUSTRY AND
COMMERCE, MINISTRY OF URBAN 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.

• 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-GOVERNMENTAL ORGANISATIONS AND ACADEMIC AND
FUNCTIONS OF SPECIAL
RESEARCH BODIES ADVISORY
IN THE REAL COUNCIL
ESTATE SECTOR.

• THE FUNCTIONS OF THE CENTRAL ADVISORY COUNCIL SHALL BE TO ADVISE AND RECOMMEND THE CENTRAL GOVERNMENT,—

• (A) ON ALL MATTERS CONCERNING THE IMPLEMENTATION OF THIS ACT;

(B) ON MAJOR QUESTIONS OF POLICY;
(C) TOWARDS PROTECTION OF CONSUMER INTEREST;
(D) TO FOSTER THE GROWTH AND DEVELOPMENT OF THE REAL ESTATE SECTOR;
(E) ON ANY OTHER MATTER AS MAY BE ASSIGNED TO IT BY THE CENTRAL GOVERNMENT.

• THE CENTRAL GOVERNMENT MAY SPECIFY THE RULES TO GIVE EFFECT TO THE RECOMMENDATIONS OF THE CENTRAL ADVISORY COUNCIL
ON MATTERS AS PROVIDED
 CHAPTER VII - Appellate tribunal : Principles of working

• THE APPROPRIATE GOVERNMENT SHALL PROVIDE THE APPELLATE TRIBUNAL WITH SUCH
OFFICERS AND EMPLOYEES AS IT MAY DEEM FIT, AND EMPLOYEES SHALL DISCHARGE THEIR
FUNCTIONS UNDER THE GENERAL SUPERINTENDENCE OF ITS CHAIRPERSON.
• THE APPELLATE TRIBUNAL SHALL NOT BE BOUND BY THE PROCEDURE LAID DOWN BY THE
CODE OF CIVIL PROCEDURE, BUT SHALL BE GUIDED BY THE PRINCIPLES OF NATURAL JUSTICE.
• (2) SUBJECT TO THE PROVISIONS OF THIS ACT, THE APPELLATE TRIBUNAL SHALL HAVE POWER
TO REGULATE ITS OWN PROCEDURE.
• (3) THE APPELLATE TRIBUNAL SHALL ALSO NOT BE BOUND BY THE RULES OF EVIDENCE
CONTAINED IN THE INDIAN EVIDENCE ACT, 1872.
• ALL PROCEEDINGS BEFORE THE APPELLATE TRIBUNAL SHALL BE DEEMED TO BE JUDICIAL
PROCEEDINGS AND THE APPELLATE TRIBUNAL SHALL BE DEEMED TO BE CIVIL COURT FOR
THE PURPOSES OF SECTION 195 OF IPC.
 Appellate Tribunal : Principles Of Working

Appellate courts are the part of the judicial system that is responsible for
hearing and reviewing appeals from legal cases that have already been
heard in a trial-level or other lower court.

Any person aggrieved by

The appellant may either appear
in person or authorize one or
more his/her chartered
accountants or legal practitioners
provided they have knowledge of
the RERA acts and rules, and
take necessary steps as
prescribed.
Every order made by the
Appellate Tribunal under this Act
shall be executable by the
Appellate Tribunal as a decree of
civil court, and for this purpose,
the Appellate Tribunal shall have
all the powers of a civil court.
any decision or order of the
Appellate Tribunal, may,
file an appeal to the High
Court, within a period of
sixty days from the date of
communication of the
decision, unless it is
satisfied that the appellant
was prevented by sufficient
cause from preferring the
appeal in time.
OFFENCES, PENALTIES AND ADJUDICATION
OFFENCE/ ISSUE
Non-compliance with orders and directions under
section 3
Incorrect/ false applications for RERA registration
Contravening with the orders of penalty
CHAPTER VIII
Real Estate: (1) employing agents that work for
Remuneration or fees for the service extended
(2) Agents failing to comply with orders of authority
(3) Non-Compliance with Orders of Appellate Tribunal
PENALTY
Imprisonment up to 3 years, or/and with fine of 10% of
the estimated cost of project.
Imposed penalty of up to 5% of the estimated cost of the
project.
------do------
RERA registration to be obtained for anyone who
wishes to act as real estate agent. Failing to register,
penalty of Rs 10,000, for each day of default and may
have to also pay an additional fine of 5% of the est.
project cost.
up to 5% of the estimated cost of the real-estate project.
The penalty will be applicable for each day of default.
He/she will be imprisoned for a term that may extend up
to one year and/or will be fined as high as 10% of the
estimated cost of the project.
 OFFENCE PENALTY

Homebuyer : (1) failing to comply with orders of penalty that may cumulatively extend up to 5% of the
authority estimated cost of the real-estate property.

(2) Non-Compliance with Orders of Appellate Tribunal he/she will be imprisoned for a term that may extend up
to one year and/or will be fined as high as 10% of the
estimated cost of the project.

Default by companies all persons at the helm of affairs of the Company

(Managing Director, Directors & Officers) who was
directly responsible for the default will be considered
guilty and dealt accordingly.
 POWER TO ADJUDICATE
Adjudication is the
process of reviewing an
argument or an
arbitration legally, by an
arbitrator or a judge.
The authority to adjudicate is
given to an officer, who is or has
been a District Judge, after giving
any person concerned a reasonable
opportunity of being heard.

FACTORS TO BE TAKEN INTO CONSIDERATION BY THE

ADJUDICATING OFFICER

• (a) the amount of disproportionate gain or unfair advantage, made as a result of the default;
• (b) the amount of loss caused as a result of the default;
• (c) the repetitive nature of the default;
• (d) such other factors which the adjudicating officer considers necessary to the case in
furtherance of justice.
 CHAPTER 1X
FINANCE, ACCOUNTS , AUDITS AND REPORTS
GRANTS AND LOANS BY CENTRAL GOV.

• THE CENTRAL GOVERNMENT MAY, AFTER DUE APPROPRIATION MADE BY PARLIAMENT IN THIS
BEHALF, MAKE TO THE AUTHORITY GRANTS AND LOANS OF SUCH SUMS OF MONEY AS THAT
GOVERNMENT MAY CONSIDER NECESSARY.
GRANTS AND LOANS BY STATE GOV.
The State Government may offer grants and loans of such sums of money as the State Government
may think fit for being utilized for the purposes of this Act.
The appropriate Government shall constitute a fund to be called the 'Real Estate Regulatory Fund'
shall be credited thereto,—
(a) all Government grants received by the Authority;
(b) the fees received under this Act;
(c) the interest accrued on the amounts referred to in clauses (a) to (b).

The committee appointed under sub-section (3) shall spend monies out of the Fund for carrying
out the objects for which the Fund has been constituted.
 BUDGET, ACCOUNTS AND AUDIT

• (1) THE AUTHORITY SHALL PREPARE A BUDGET, MAINTAIN PROPER ACCOUNTS AND
OTHER RELEVANT RECORDS AND PREPARE AN ANNUAL STATEMENT OF ACCOUNTS.
• (2) THE ACCOUNTS OF THE AUTHORITY SHALL BE AUDITED BY THE COMPTROLLER
AND AUDITOR GENERAL OF INDIA AT SUCH INTERVALS AS MAY BE SPECIFIED BY HIM.
• (3) THE COMPTROLLER AND AUDITOR-GENERAL AND ANY PERSON APPOINTED BY HIM
IN CONNECTION WITH THE AUDIT, SHALL HAVE THE SAME RIGHTS AND PRIVILEGES
AND AUTHORITY IN CONNECTION WITH SUCH AUDIT AS THE COMPTROLLER AND
AUDITOR GENERAL GENERALLY HAS IN CONNECTION WITH THE AUDIT OF
GOVERNMENT ACCOUNTS. IN PARTICULAR SHALL HAVE THE RIGHT TO DEMAND AND
PRODUCTION OF BOOKS, ACCOUNTS, OTHER DOCUMENTS AND PAPERS, AND TO
INSPECT ANY OF THE OFFICES OF THE AUTHORITY.
•
 ANNUAL REPORTS

• THE AUTHORITY SHALL PREPARE ONCE IN EVERY YEAR, IN SUCH FORM AND AT
SUCH TIME AS MAY BE PRESCRIBED BY THE APPROPRIATE GOVERNMENT,
PROVIDING DESCRIPTIONS, ACTIVITIES AND PROGRAMMES OF THE PREVIOUS YEAR.
 Chapter x
miscellaneous
BAR OF JURISDICTION

• NO CIVIL COURT SHALL HAVE JURISDICTION TO ENTERTAIN ANY SUIT OR

PROCEEDING IN RESPECT OF ANY MATTER WHICH THE AUTHORITY OR THE
ADJUDICATING OFFICER OR THE APPELLATE TRIBUNAL IS EMPOWERED BY AND
NO INJUNCTION SHALL BE GRANTED BY ANY COURT OR OTHER AUTHORITY IN
RESPECT OF ANY ACTION TAKEN OR TO BE TAKEN IN PURSUANCE OF ANY POWER
CONFERRED BY OR UNDER THIS ACT.
POWER OF GOVT. TO MAKE RULES

• THE APPROPRIATE GOVERNMENT SHALL, WITHIN A PERIOD OF SIX MONTHS OF THE

COMMENCEMENT OF THIS ACT, BY NOTIFICATION, MAKE RULES FOR CARRYING OUT
THE PROVISIONS OF THIS ACT.
POWER TO MAKE REGULATIONS
The Authority shall, within a period of three months of its establishment, by notification, make
regulations, consistent with this Act and the rules made thereunder to carry out the purposes of this
Act.

Rules further laid by the Government must be carried out as soon as it is passed,
• The provisions of this Act shall be in addition to, and not in derogation of, the provisions of any other
law for the time being in force.

• If any changes in the official Gazette is to be made, the power solely lies with the government.