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Section 40 - Real Estate (Regulation and Development) Act, 2016
40. Recovery of interest or penalty or compensation and enforcement of order, etc.-
(1) If a promoter or an allottee or a real estate agent, as the case may be, fails to pay any interest or penalty or compensation imposed on him, by the adjudicating officer or the Regulatory Authority or the Appellate Authority, as the case may be, under this Act or the rules and regulations made thereunder, it shall be recoverable from such promoter or allottee or real estate agent, in such manner as may be prescribed as an arrears of land revenue.
(2) If any adjudicating officer or the Regulatory Authority or the Appellate Tribunal, as the case may be, issues any order or directs any person to do any act, or refrain from doing any act, which it is empowered to do under this Act or the rules or regulations made thereunder, then in case of failure by any person to comply with such order or direction, the same shall be enforced, in such manner as may be prescribed.
Related Sections
- Section 82: Power of Appropriate Government to Supersede Authority
- Section 4: Application for Registration of Real Estate Projects
- Section 12: Obligations of Promoter Regarding Veracity of the Advertisement or Prospectus
- Section 86: Laying of Rules
- Section 14: Adherence to Sanctioned Plans and Project Specifications by the Promoter
Related Acts
- International Financial Services Centres Authority Act, 2019
- Chief Election Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023
- Insolvency and Bankruptcy Code (Amendment) Act, 2017
- Consumer Protection Act, 2019
- National Nursing and Midwifery Commission Act, 2023