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Section 62 - Real Estate (Regulation and Development) Act, 2016
62. Penalty 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.
Related Sections
- Section 24: Salary and Allowances Payable to Chairperson and Members
- Section 49: Removal of Chairperson and Member from Office in Certain Circumstances
- Section 44: Application for Settlement of Disputes and Appeals to Appellate Tribunal
- Section 30: Vacancies, Etc., Not to Invalidate Proceeding of Authority
- Section 60: Penalty for Contravention of Section 4
Related Acts
* Only for reference.