Terms and conditions and the fine payable for compounding of offence
(1) Thecourt may compound any offence specified under section 70 on payment of amount as specified in
the table given below:-
Table- S.N. Offence Amount to be paid for compounding the offence
1 2 3
1. Punishable with imprisonment under
sub-section (2) of section 59
five percent of the estimated cost of the real estate
project
2. Punishable with imprisonment under
section 64
five percent of the estimated cost of the real estate
project
3. Punishable with imprisonment under
section 66
five percent of the estimated cost of the plot,
apartment or building, as the case may be, of the real
estate project, for which the sale or purchase has been
facilitated
4. Punishable with imprisonment under
section 68
five percent of the cost of the plot, apartment or
building, as the case may be
(2) On payment of the amount in accordance with sub-rule (1) and subsequent to
compliance of the orders of the Authority or Appellate Tribunal as provided under sub-rule (4),
any person in custody in connection with that offence shall be set at liberty and no proceedings
shall be instituted or continued against such person in any court.
18
(3) The acceptance of the amount for compounding an offence under sub-rule (1), by the
Court shall be deemed to an acquittal within the meaning of section 300 of the Code of Criminal
Procedure, 1973.
(4) The promoter, allottee or real estate agent, as the case may be, shall comply with the
orders of the Authority or the Appellate Tribunal, within the period specified by the court, which
shall not be more than thirty days from the date of compounding of the offence.
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