(1) Not withstanding anything contained in any other law for the time being in force, a promoter or a builder who intends to transfer any apartment shall before accepting any changes from an intending transferee as advance payment or deposit, enter into a written agreement for sale with such transferee which shall be registered.under clause (b) of sub-section(l) of section 17 of the Registration Act, 1908.
(2) On completion of the apartment building the prorrfcter or builder of apartment shall execute a registered deed of sale in favour of transferee as per provision of Registration Act, 1908. The execution and registration of the sale deed to be completed in such a manner and within a period as may be prescribed, from the date of handing over possession of the apartment to the transferee and full sum of consideration amount is received by the promoter/ builder. The transferor and transferee are bound to quote the value in the sale deed as fixed by Competent Authority as per Assam Public Works Department Schedule of Rates.
J>
25. After the plans, specifications and the nature of the fixture, fittings and amenities are disclosed to an intending transferee under section 23, the promoter or builder shall not make any alteration therein.
(j) if it affects a single apartment, without the previous consent in writing of that transferee who intends to take the said apartment, and
(ii) if it affects more than one apartment, without the previous consent in Writing of all the transferees who intends to take those apartments.
Central Act. 16 of 1908 THE ASSAM GAZETTE, EXTRAORDINARY, OCTOBER 8, 2007 2115 Offences by promoter and builder
26. Any promoter who knowingly makes a false disclosure in respect of any of the matters referred to in clause (a), (b), (g) and (h) at section 23 or contravenes the provisions of section 25, shall on conviction, be punished with imprisonment for a term which may extend to one year, or with fine which may extend up to fifty thousand rupees, or with both.
• Offences by companies