What is the provision for Establishment and incorporation of Real Estate Regulatory Authority under section 20 of The Real Estate (Regulation and Development Act, 2016). Establishment and incorporation of Real Estate Regulatory Authority is defined under Section 20 of the Act. Provisions under Section 20 are:
(1) 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.
(2) 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.
The Real Estate (Regulation and Development) Act, 2016
CHAPTER - II REGISTRATION OF REAL ESTATE PROJECT AND REGISTRATION OF REAL ESTATE AGENTS
Section 3 : Prior registration of real estate project with Real Estate Regulatory Authority
Section 4 : Application for registration of real estate projects
Section 5 : Grant of registration
Section 6 : Extension of registration
Section 7 : Revocation of registration
Section 8 : Obligation of Authority consequent upon lapse of or on revocation of registration
Section 9 : Registration of real estate agents
Section 10 : Functions of real estate agents
CHAPTER III FUNCTIONS AND DUTIES OF PROMOTER
Section 11 : Functions and duties of promoter
Section 12 : Obligations of promoter regarding veracity of the advertisement or prospectus
Section 14 : Adherence to sanctioned plans and project specifications by the promoter
Section 15 : Obligations of promoter in case of transfer of a real estate project to a third party
Section 16 : Obligations of promoter regarding insurance of real estate project
Section 17 : Transfer of title
Section 18 : Return of amount and compensation
CHAPTER IV RIGHTS AND DUTIES OF ALLOTTEES
Section 19 : Rights and duties of allottees
CHAPTER V THE REAL ESTATE REGULATORY AUTHORITY
Section 20 : Establishment and incorporation of Real Estate Regulatory Authority