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NBFC_Acceptance_of_Public_Deposits_Reserve_Bank_Directions_1998

Section / Rule Number Content


11. Functions and duties of promoter.
12. Obligations of promoter regarding veracity of the advertisement or prospectus.
13. No deposit or advance to be taken by promoter without first entering into agreement for sale.
14. Adherence to sanctioned plans and project specifications by the promoter.
15. Obligations of promoter in case of transfer of a real estate project to a third party.
16. Obligations of promoter regarding insurance of real estate project.
17. Transfer of title.
18. Return of amount and compensation.

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