The promoter shall refund full amount collected from the prospective buyers under sub-section (1) of section 6 together with interest thereon at the rate of twelve per cent per annum payable from the date of receipt of amount so collected till the date of re-payment.
Section 17: Rate of interest on refund of advance money upon cancellation of agreement.[Section 6(2) and 45(2)(j)
The Punjab Apartment and Property Regulation Rules, 1995.State Rules of Punjab · 1995
Where this provision sits
| Act | The Punjab Apartment and Property Regulation Rules, 1995. |
|---|---|
| Section | 17 |
| Marginal note | Rate of interest on refund of advance money upon cancellation of agreement.[Section 6(2) and 45(2)(j) |
| Jurisdiction | State of Punjab |
| Status | In force as published by the source |
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