Indian_Real_Estate_Law (2)

63 Indian Real Estate Laws
realised by me/promoter for the real estate
project from the allottees, from time to time,
shall be deposited in a separate account to be
maintained in a scheduled bank to cover the
cost of construction and the land cost and shall
be used only for that purpose.
5. That the amounts from the separate account,
to cover the cost of the project, shall be
withdrawn in proportion to the percentage of
completion of the project.
6. That the amounts from the separate account
shall be withdrawn after it is certified
by an engineer, an architect and a chartered
accountant in practice that the withdrawal is
in proportion to the percentage of completion
of the project.
7. That I / promoter shall get the accounts
audited within six months after the end of every
financial year by a chartered accountant in
practice, and shall produce a statement of accounts
duly certified and signed by such chartered
accountant and it shall be verified during
the audit that the amounts collected for
a particular project have been utilised for the
project and the withdrawal has been in compliance
with the proportion to the percentage
of completion of the project.
8. ThatI/ promoter shall take all the pending
approvals on time, from the competent authorities.
9. ThatI/ promoter have / has furnished
such other documents as have been prescribed
by the
rules and regulations made under the Act.
10. That I / promoter shall not discriminate
against any allottee at the time of allotment
of any apartment, plot or building, as
the case may be, on any grounds.
Deponent Verification The contents of my
above Affidavit cum Declaration are true and
correct and nothing material has been concealed
by me therefrom. Verified by me at
on this day of
Deponent 22
FORM-C [See sub-rule (1) of rule 6] REG-
ISTRATION CERTIFICATE OF PROJECT
This registration is granted under section 5 of
the Act to the following project under project
registration number ‘
(Specify Details of Project including the
project address);
1. (in the case of an individual) Mr./Ms.
son of Mr. /Ms. Taluk District
State ;
OR
(in the case of a firm or society or company
or competent authority) firm or
society or company or competent authority
having its registered office or
principal place of business at ‘ 2. This registration
is granted subject to the following
conditions, namely:-
a. The promoter shall enter into an agreement
for sale with the allottees as provided in
Annexure A;
b. The promoter shall execute and register
a conveyance deed in favour of the allottee
or the association of the allottees, as the case
may be, of the apartment or the common areas
as per section 17;
c. The promoter shall deposit seventy percent
of the amounts realised by the promoter
in a separate account to be maintained in a
schedule bank to cover the cost of construction
and the land cost to be used only for that
purpose as per sub-clause (D) of clause (I) of
sub-section (2) of section 4 of the Act;
d. The registration shall be valid for a period
of years commencing from
and ending with unless renewed by the
Real Estate Regulatory Authority in accordance
with section 6 of the Act read with rule
7 of these rules; e. The promoter shall comply
with the provisions of the Act and the rules
and regulations made thereunder; f. The promoter
shall not contravene the provisions of
any other law for the time being in force in
the area where the project is being developed.
3. Ifthe above mentioned conditions are
not fulfilled by the promoter, the regulatory
authority may take necessary action against
the promoter including revoking the registration
granted herein, as per the Act and the
rules and regulations made thereunder.
Dated: Place:
Signature and seal of the Authorized Officer
Real Estate Regulatory Authority
23
FORM ‘D’ [See sub-rules (2) of rule 6 and
sub-rule (4) of rule 7 and rule 8] INTIMATION
2. RERA KARNATAKA RULES 2017 2.14