"3. Information and document to be furnished for registration of a real estate project. - (1) The promoter shall make an application to the Authority online in such format as specified by it on its official website, alongwith all necessary documents specified in sub-section (2) of section 4, and such other information as specified below, namely: -
(a) authenticated copy of the PAN (Permanent account number) card of the promoter;
(b) annual report including audited profit and loss account, balance sheet, cash flow statement, Director’s report and the auditor’s report of the promoter for the immediately preceding three financial years; and where annual report is not available, the audited profit and loss account, balance sheet, cash flow statement and the auditor’s report of the promoter for the immediately preceding three financial years;
(c) the number of open parking areas and the number of covered parking areas available in the real estate project;
(d) authenticated copy of the legal title deed reflecting the title of the promoter to the land on which development of project is proposed;
(e) details of encumbrances on the land on which development of project is proposed, including details of any rights, title, interest, dues, litigation and name of party in or over such land or the 'Non Encumbrance Certificate' from the Revenue Authority (duly authorised in this behalf by the Government);
(f) where the promoter is not the owner of the land on which development of real estate project is proposed, details of the consent of the owner of the land along with a copy of the collaboration agreement, development agreement, joint development agreement or any other agreement, as the case may be, entered into between the promoter and such owner and copies of title and other documents reflecting the title of such owner on the land on which real estate project is proposed to be developed; and 522 PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 8, 2020 (ASVN 16, 1942 SAKA)
(g) name, photograph, contact details and address of the promoter if it is an individual and the name, photograph, contact details and address of the Chairman, partners, Directors, as the case may be, and the authorised person in case of other entities.
(2) The promoter shall make payment of registration fee, as specified in the Schedule appended to these rules, online through Electronic Clearing Service or by way of demand draft or a banker cheque drawn on any Scheduled Bank in favour of the Authority or in any other mode as may be specified by the Authority from time to time.
(3) The promoter shall submit a declaration in Form 'B' as provided under clause (l) of sub-section (2) of section 4.
(4) The promoter of a real estate who obtains a license for his project, or the exemption under the Punjab Apartment and Property Regulation Act, 1995 (Punjab Act No. 14 of 1995), after coming into force of these rules shall also make an application to the Authority, for registration of his project, within a period of three months from the date of such grant of license or exemption, as the case may be, in the manner specified above.
4. Disclosure by the promoter of an ongoing project. - (1) The promoter of an ongoing project, who had not obtained the completion certificate or partial completion certificate, as the case may be, till the date of coming into force of the Act, shall also make an application to the Authority, within a period of three months, for registration of their project, as specified in rule 3 above.
(2) The promoter shall disclose the complete details of his project and its present status to the Authority including its status of the project at the time of making the application and the time left in its completion.
(3) The promoter shall disclose all the project details (i.e. the size of the apartment based on carpet area even if such apartment had been sold earlier on any other basis, like super area, super built up area or built up area, which shall not affect the validity of the agreement entered into between the promoter and allottee.
(4) The promoter shall disclose to the Authority about the area of the plots sold, in case he has developed the project by cutting plots, for sale.