What is Recovery of interest or penalty or compensation and enforcement of order, etc under section 40 of The Real Estate (Regulation and Development Act, 2016). Recovery of interest or penalty or compensation and enforcement of order, etc is defined under Section 40 of the Act. Provisions under Section 40 are:
(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 regualtions 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
The Real Estate (Regulation and Development) Act, 2016
Section 21 : Composition of Authority
Section 22: Qualifications of Chairperson and Members of Authority
Section 23 : Terms of office of Chairperson and Members
Section 24: Salary and Allowances payable to Chairperson and Members
Section 25 : Administrative powers of Chairperson
Section 26 : Removal of Chairperson and Members from office in certain circumstances
Section 27 : Restrictions on Chairperson or Members on employment after cessation of office
Section 28 : Officers and other employees of Authority
Section 29 : Meetings of Authority
Section 30 : Vacancies, etc., not to invalidate proceeding of Authority
Section 31 : Filing of complaints with the Authority or the adjudicating officer
Section 32 : Functions of Authority for promotion of real estate sector
Section 33 : Advocacy and awareness measures
Section 34 : Functions of Authority
Section 35 : Powers of Authority to call for information conduct investigations
Section 36 : Power to issue interim orders
Section 37 : Powers of Authority to issue directions
Section 38 : Powers of Authority
Section 39 : Rectification of orders
Section 40 : Recovery of interest or penalty or compensation and enforcement of order, etc