Goa RERA (Regulatory Authority Form of Annual Statement of Accounts and Annual Report) Rules, 2017

Goa Real Estate (Regulation and Development) (Regulatory Authority Form of Annual Statement of Accounts and Annual Report) Rules, 2017

Government of Goa
Department of Urban Development
Notification

11/47/2017-DMA/2466
Panaji, 24th November, 2017 (Agrahayana 3, 1939)

In exercise of the powers conferred by sub-section (1) and clauses (zd) and (ze) of sub-section (2) of section 84 of the Real Estate (Regulation and Development) Act, 2016 (Central Act 16 of 2016 ) and all other powers enabling it in this behalf, the Government of Goa hereby makes the following rules, namely:—

1. Short title and commencement.—

(1) These rules may be called the Goa Real Estate (Regulation and Development) (Regulatory Authority Form of Annual Statement of Accounts and Annual Report) Rules, 2017.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. Definitions.— (1) In these rules, unless the context otherwise requires,—

(a) “Act” means the Real Estate (Regulation and Development) Act, 2016 (Central Act 16 of 2016);

(b) “Authority” means the Goa Real Estate Regulatory Authority established under sub-section (1) of section 20 of the Act;

(c) “Chairperson” means the Chairperson of the Authority appointed under section 21 of the Act;

(d) “Form” means the forms appended to these Rules;

(e) “Member” means a whole-time member of the Authority appointed under section 21 of the Act;

(f) “section” means a section of the Act;

(g) “Schedule” means a Schedule appended to the form;

(h) “Government” means the Government of Goa;

(2) The words and expressions used in these rules but not defined and defined in the Act shall have the same meanings respectively assigned to them in the Act.

3. Budget, Accounts and Audit.— (1) The Authority shall at the end of the financial year of every year, prepare a budget, maintain proper accounts and other relevant records and prepare an annual Statement of Accounts in form “A”, hereto.

(2) The Authority shall preserve accounts and other relevant records prepared under sub-rule (1) above for a minimum period of five years.

(3) The account and other relevant records prepared under sub-rule (1) above shall be signed by the Chairperson, Members, Secretary and the officer-in-charge of Finance and Accounts of the Authority.

(4) The accounts of the Authority and audit report shall, as soon as possible, be submitted by the Authority to the Government for laying before the State Legislature.

4. Annual Report.— (1) The Authority shall prepare its annual report in Form “B”, hereto.

(2) The Authority may also include in the annual report such other matters as deemed fit by the Authority for reporting it to the Government.

(3) The Annual Report shall, after its adoption at a meeting of the Authority and signed by the Chairperson and Members and authenticated by affixing the common seal of the Authority, with requisite number of copies thereof, be submitted to the Government within a period of one hundred and eighty days immediately following the close of the year for which it has been prepared.


 


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