Every promoter shall render an account to the Association for the amount collected by him, from the apartment owners before the formation of the Association, towards common expenses, sinking fund for replacement of fixed assets and payment of State Government and municipal taxes and shall transfer the balance, if any, with him to the Association within three months of the formation of the Association and in case of an Association deemed to be registered under this Act, within three months from the commencement of this Act.
Section 19: Promoter to render account to the Association
The Rajasthan Apartment Ownership Act 2015State Act of Rajasthan · Act 12 of 2019
Where this provision sits
| Act | The Rajasthan Apartment Ownership Act 2015 |
|---|---|
| Section | 19 |
| Marginal note | Promoter to render account to the Association |
| Jurisdiction | State of Rajasthan |
| Status | In force as published by the source |
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