The Real Estate (Regulations and Development) Act, 2016 has prescribed for every State/UT to prepare details rules regarding registration and implementation of RERA.

Since the introduction of the Company’s Act Provisions and especially in the context of Sec. 180, 185 & 188 etc., ‘Ordinary course of business’ word becomes the matter of discussion. Like, as per section 188.

Real Estate projects that are ongoing and have not received a completion certificate, on the date of commencement of the Act, the promoter shall, within a period of 3 months from date of commencement, shall make application in triplicate for registration of the project.

All State/ Union Territories for prepare Rules and set up Real Estate Regulatory Authority (RERA) with the sole motto to regularize the real estate sector.

Career as a company secretary is strictly for the dedicated people who have the ability to pay meticulous attention to detail. Company secretaries must be able to communicate effectively with people from all other departments of a particular company to ensure that the company practices are both legally and financially acceptable.

At one place, where the Act specifies the details rules and regulation for proper registration and transparency, the Act also prescribes penalty for different kind of offenses.

With the introduction of Corporate Social Responsibility provisions, many corporate consider this provision to be a burden on them. Many of them believe that the business set up by them is for the betterment of their own and their successors and when the Society’s welfare comes into picture, they say that govt.

As per section 3 of The Real Estate (Regulation and Development) Act, 2016 (here-in-after referred as RERA), which has come into force from 1st May, 2016 and has been notified to be commenced w.e.f. from 1st May 2017.

From 1st May 2017, every promoter shall register the real estate project before its advertisement of any plot or apartment or building.

Builders are already saddled with under construction projects and will face tough times in bringing them under RERA, complying with new norms, arranging funds that they would have already diverted and then completing those within the new agreed time period.

Agents do this as they get higher commissions in insurance. It’s not possible to be charitable while commenting honestly about this existing system.

The government has described the implementation of the consumer-centric Act as the beginning of an era where the consumer is a king.

In India, all processed and packaged fruit products are mandated to be certified with FPO Mark. But discuss regarding FPO registration, we must know about FPO.

Alternative Investment Fund that raises stores from angel investors and puts resources into an agreement with the arrangements of Chapter III.

Producer Company means a corporate body having objects or activities as specified under the Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce.