{"id":11813,"date":"2020-06-30T17:33:42","date_gmt":"2020-06-30T12:03:42","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=11813"},"modified":"2020-10-03T17:33:53","modified_gmt":"2020-10-03T12:03:53","slug":"aprera-notification-on-late-quarterly-compliance-filing","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/aprera-notification-on-late-quarterly-compliance-filing\/","title":{"rendered":"APRERA Notification on Late Quarterly Compliance Filing"},"content":{"rendered":"\n<p class=\"has-drop-cap\">According to <strong>section 11(1)<\/strong> of the RERA Act, 2016, promoter has to submit a quarterly update to the Authority at the end of each quarter. As per the data available with the APRERA Authority, it is observed that some of the promoters are not submitting a quarterly update to the Authority within the given stipulated time under the Act and Rules. It is also clearly mentioned that any promoter contravenes the provisions of the Act and must be liable to pay the penalty up to <strong><em>the 5% estimated cost of a project, according to section 61 of the RERA Act, 2016.<\/em><\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/aprera-notification-on-late-quarterly-compliance-filing\/#The_Authority_in_supersession_of_the_penalty_provisions_as_mentioned_in_as_follows\" >The Authority in\nsupersession of the penalty provisions as mentioned in as follows:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/aprera-notification-on-late-quarterly-compliance-filing\/#APRERA_imposition_of_late_fee_in_Addition_to_actual_fee_prescribed_by_the_Government\" >APRERA imposition of\nlate fee in Addition to actual fee prescribed by the Government<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/aprera-notification-on-late-quarterly-compliance-filing\/#Important_updates_by_APRERA\" >Important updates by\nAPRERA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/aprera-notification-on-late-quarterly-compliance-filing\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Authority_in_supersession_of_the_penalty_provisions_as_mentioned_in_as_follows\"><\/span>The Authority in\nsupersession of the penalty provisions as mentioned in as follows:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The promoter who has failed to\nsubmit a previous Quarterly update (i.e. 01 July 2019 to 30 September 2019) has\nnow to provide a <strong><em>penalty of the 150% of the registration fee<\/em><\/strong> paid by them at the\ntime of registration of the project.<\/li><li>APRERA Authority has decided to give <strong><em>15 days, i.e., 01 January 2020 till 15 January 2020<\/em><\/strong>, to all the promoters to prepare for a present Quarter (i.e., 01 October 2019 to 31 December 2019) &amp; the same shall be uploaded from <strong>16 January 2020 till 22 January 2020. <\/strong>The below table indicates the penalty to be levied on the promoter who fails to submit the quarterly update on time for the present Quarter (i.e., 01-10-2019 to 31-12-2019).  <\/li><\/ul>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong>Submission Window<\/strong>\n  <\/td><td>\n  <strong>Applicable Penalty<\/strong>\n  <\/td><\/tr><tr><td>\n  01 January 2020 to 22 January\n  2020\n  <\/td><td>\n  Nil\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  23 January 2020 to 10 February\n  2020\n  <\/td><td>\n  50% of as registration fee as\n  paid by a promoter at the time of registration of the project.\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  11 February 2020 to 29 February\n  2020\n  <\/td><td>\n  100% of as registration fee as\n  paid by a promoter at the time of registration of the project.\n  &nbsp;\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/guide-on-rera-registration-for-real-estate-agents\/\">Guide on RERA Registration for Real Estate Agents\n<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"APRERA_imposition_of_late_fee_in_Addition_to_actual_fee_prescribed_by_the_Government\"><\/span>APRERA imposition of\nlate fee in Addition to actual fee prescribed by the Government <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to RERA provisions of section 3 of the Act, all the Real estate projects from 01 May 017, including ongoing projects which are to the extent of more than 500 sq.mts and more than 8 units, have to be registered with the Authority. The Government of AP has fixed the rates of fees to be collected for the <a href=\"https:\/\/corpbiz.io\/rera-registration\"><strong>RERA registration<\/strong><\/a> of the Real Estate Projects and Real Estate Agents.  <\/p>\n\n\n\n<p>As per the provisions under section 59(1) of the RERA Act,<strong> <\/strong>2016<sup><a href=\"https:\/\/www.indiacode.nic.in\/handle\/123456789\/2158?locale=en\"><strong>[1]<\/strong><\/a><\/sup>, if any promoter contravenes the provision of <strong>section 3,<\/strong> he must be liable to a penalty which can be extended up to the 10% of the estimated cost of a Real estate project as determined by the Authority. <\/p>\n\n\n\n<p><strong><em>For the projects which have got approval by the competent authorities from 01.01.2017 to 15.04.2019 in addition to the late fee prescribed as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>If the promoter files online application after 01 September 2019 and on an before 31 October 2019, they have to pay the actual fee as per the government order <strong><em>+150% extra of the registration fee as a late fee.<\/em><\/strong><\/li><li>If the promoter files online application after 01 November 2019 and on an before 31 December 2019, they have to pay the actual fee as per the government order <strong>+<em>200% extra of the registration fee as a late fee.<\/em><\/strong><\/li><\/ul>\n\n\n\n<p><strong><em>For the projects which have got approval after 15 April the following fee and late fee will be levied as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>All promoters have to file online applications within 45 days from the date of approval of building or layout plans. If they apply for registration within 45 days, the fee will be levied as per the schedule of rates approved by the government order.<\/li><li>If any promoter files online applications after 45 days and before 75 days after approval of the plan, they have to pay the actual fee as per the govt order +25 % extra of the registration fee as late fee.<\/li><li>If any promoter files online applications after 75 days and before 105 days after approval of the plan, they have to pay the actual fee as per the govt order +50 % extra of the registration fee as late fee.<\/li><li>If any promoter files online applications after 105 days and before 135 days after approval of the plan, they have to pay the actual fee as per the govt order +100 % extra of the registration fee as late fee.<\/li><li>If any promoter files online applications after 135 days and before 195 days after approval of the plan, they have to pay the actual fee as per the govt order +150 % extra of the registration fee as late fee.<\/li><li>If any promoter files online applications after 195 days and before 255 days after approval of the plan, they have to pay the actual fee as per the govt order +200 % extra of the registration fee as late fee.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_updates_by_APRERA\"><\/span>Important updates by\nAPRERA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong>S. No<\/strong>\n  <\/td><td>\n  <strong>Document Name<\/strong>\n  <\/td><td>\n  <strong>Date<\/strong>\n  <\/td><td>\n  <strong>Important Aspect Covered<\/strong>\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  1\n  <\/td><td>\n  The Quarter Update \u2013 Dec 2019\n  &nbsp;\n  <\/td><td>\n  &nbsp;\n  <\/td><td>\n  The last date for submission of\n  a quarterly update for the present quarter (Dec 2019) is extended till 22 January\n  2020 without penalty.\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  2\n  <\/td><td>\n  Circular No P\/1082\/2019-2\n  17-12-2019\n  <\/td><td>\n  17 December 2019\n  <\/td><td>\n  Penalty for the Delay in filing\n  Sep 2019 Quarter Update\n  &nbsp;\n  A penalty of the 150% of the\n  registration fee paid at the time of registration of the project\n  &nbsp;\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  3\n  <\/td><td>\n  Circular No P\/2\/2017-3\n  <\/td><td>\n  01 January 2020\n  <\/td><td>\n  Promoters to register the\n  project before 15-01-2020 in accordance with the guidelines issued in\n  circular date: 11-09-2019\n  <strong>This extension is final.<\/strong>\n  &nbsp;\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In case any promoter who has not submitted his registration application to register their project in APRERA before 31 December 2019 after 255 days from the date of approval of building or layout plan stringent action as per <strong>section 59(1)<\/strong> of the Act will be taken against the said promoter. He will be liable for a <strong>penalty, <\/strong>which must be up to <strong><em>10% of the estimated cost of a Real Estate Project as determined by the Authority.<\/em><\/strong><\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/guide-on-rera-registration-for-promoters-online\/\">Comprehensive Guide on RERA Registration for Promoters<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to section 11(1) of the RERA Act, 2016, promoter has to submit a quarterly update to the Authority at the end of each quarter. As per the data available with the APRERA Authority, it is observed that some of the promoters are not submitting a quarterly update to the Authority within the given stipulated [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":11817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[182],"tags":[715],"acf":{"service_id":"102"},"authorName":"Soumya Bajpai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/01\/0.jpg","authorDescription":"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.","postViews":9981,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/11813"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=11813"}],"version-history":[{"count":19,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/11813\/revisions"}],"predecessor-version":[{"id":17335,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/11813\/revisions\/17335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/11817"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=11813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=11813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=11813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}