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Soumya Bajpai

Soumya Bajpai
About Soumya Bajpai

Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.

When to Surrender NBFC Registration and its effects

At end-March 2017, there were 11,522 NBFCs registered with the Reserve Bank, of which 178 were NBFCs-D, and 220 were NBFCs-ND-SI. The number of NBFCs has been declining over time with cancellations of registrations exceeding new registrations on account of voluntary surrender NBFC registration due to non-compliance with the revised criteria of the net-owned fund. […]

How to file a complaint in Goa RERA?

The Goa Real Estate (Regulation & Development) Rules, 2017, was notified by the Goan state government on 24 Nov 2017. In order to facilitate online registration of the real estate agents, real estate projects, and complaints, an online platform was launched in Jan 2018. As per the Goa RERA Act[1], all real estate agents and […]

Compliance under RERA in States

The Real Estate (Regulation & Development) Act, 2016, came into effect from May 1, 2017. There began a norm for strict compliance under RERA that had to be adhered to by each developer, builder, and construction giant in different parts of the country. Most of the states have established their RERA offices where they work […]

Comprehensive Guide on Consumer Protection Rules on E-Commerce, 2020

The Central Government, by way of a notification, now makes the consumer protection rules, in the exercise of the powers conferred under section 101, sub-clause (zg) of sub-section (1) of the Consumer Protection Act, 2019. These rules must not apply to any activity of a natural person carried out in a personal capacity, not being […]

Procedure for Appeal against Cancellation of NBFC Registration by RBI

An NBFC must seek Certificate of NBFC Registration as per with the rules and regulations mentioned under Section 45-1A, RBI Act, 1934. In addition, it must be duly registered under the Companies Act, 2013. The RBI can grant or cancel the Certificate of Registration for an NBFC. However, it is an option to appeal against […]

Promoter’s Transfer of Title under RERA

The transfer of title means the act of transferring ownership of the property from one person to another. The promoters and the allottees must be aware of the RERA laws regarding the transfer of title. While purchasing a property from a developer, it usually requires a check the terms mentioned in the agreement to verify […]

Disclosure by promoter on RERA website

The Act makes both Promoters and the landlord or any other parties who are beneficiary for the sale of a project to receive payments from allottees as Co-Promoters. Hence, they are liable to adhere to the provisions of the Act and Rules and Regulations made thereunder. In order to fulfill compliance of Section 34 (b) […]

What is Phase-wise RERA Registration?

The project life cycle constitutes various phases. It begins with approvals for commencement of a project and RERA registration with the regulating Authority. Therefore, this becomes essential to understand and resolve conflicts. To avoid controversies that might arise requires a phase-wise RERA registration. Phase-wise RERA Registration Section 3 of the RERA Act says about the […]

All one has to know about the Real Estate Appellate Tribunal

Every State Government shall, within one year from the date of coming in force of this Act, establish an Appellate Tribunal to be known as the (Name of State and UTs)- Real Estate Appellate Tribunal to exercise the powers conferred & perform the function assign to it by this Act. The State Government may also […]

CBDT notifies Income Tax Exemption in State RERA of Goa and Telangana

Central Board of Direct Taxation in the exercise of the powers conferred under section 10 clause (46)  of the Income-tax Act, 1961 (43 of 1961), the Government has been notified for the purposes of the tax exemption in state RERA Real Estate Regulatory Authority as specified in the schedule to this notification. The Government empowered […]

How to change the name of the NGO?

Non-Government Organisations (NGO) is not for profit entity comprising of a group of people engaged in promoting the welfare and charitable activities like religion, culture, art, education, gender sensitivity, music, sports, etc. They have a stated charitable or benevolent purpose, which operates as nearly as possible at cost. In India Societies Registration Act 1860 governs […]

What is the process to get FCRA registration?

According to section 6(1) of the FCRA (Foreign Contribution Regulation Act) 2010, every society, charitable trust, and section 8 companies that receive donations or contributions from foreign sources are required to obtain registration under this Act. Such sources/entities are required to either receive permission or register with the Ministry of Home Affairs prior to accepting […]

Unfair practice in RERA: Misleading Real Estate Advertisements

RERA was enacted for the regulation and promotion of the real estate sector. Further, to ensure the sale of plot, apartment, or building, as the case may be, or sale of real estate project, efficiently and transparently, and to protect consumers’ interest in the real estate sector. However, there are some misleading real estate advertisements […]

How to file a complaint in APRERA (Andhra Pradesh)?

The Andhra Pradesh Real Estate Regulatory Authority (APRERA) was set up under the RERA Act, 2016. The state government was notified of the Andhra Pradesh Real Estate (Regulation and Development) Rules in 2017. The Real Estate Regulatory Authority (APRERA) will provide the platform for Registration of the Real Estate Projects with Promoter details and the […]

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