Navigating the Evolving Landscape of RERA Laws: A Present Perspective

In recent years, Real Estate Regulatory Authorities (RERAs) have emerged as key players in shaping the real estate sector, ensuring transparency, accountability, and protecting the rights of homebuyers. Real Estate Regulatory Authorities were established to regulate and promote the real estate sector, with the primary objective of safeguarding the interests of homebuyers and promoting fair practices within the industry.

PROCEDURAL DEVIANCE OF DELEGATED LEGISLATION FROM PARENT ACT

Through primary legislation, Parliament allows others to enact laws and rules through delegated legislation. The law established through delegated legislation must be consistent with the Act’s objectives.

DIRECTORS LIABILITY AND CORPORATE GOVERNANCE

A careful reading or analysis of the provisions of different statutes governing tax evasion, money laundering, security fraud, etc. suggests that Indian statutes impose vicarious liability on officers who are in charge of and responsible to the company for the conduct of business and those who contributed to the contravention or the offense by giving consent, connivance and not acting diligently.