(1) Any refund along with the applicable interest and compensation, if any, payable by the promoter in-terms of the provisions of section 18 ofthe Act shall be payable by the promoter to the allotteewithin forty-five.days from the date on which such refund along with interest and compensation, if any, becomes due. :
(2) In case the allottee proposes to withdraw from the project without any default of the promoter, before the completion of project, the interest.and time period for refund shall be determined as per terms and conditions between the parties in agreement to sale.
CHAPTER- VI Real Estate Regulatory Authority
19. Manner of selection of Chairperson and Members of the Authority. (1) As and when vacancies of Chairperson or a Member in the Authority exist or arise or are likely to arise, the State Government may makeareference to the Selection Committee in respect of the vacancies to be filled. ; :
(2) The Selection Committee may, for the purpose of selection of the Chairperson or a Member of the Authority follow such procedure as deemed fit including the appointment of a search committee consisting of such persons as the Selection Committee considers appropriate.to suggest a panel of names possessing the requisite qualification and experience and suitable for being considered for‘appointment as Chairperson or Member ofthe Authority.
(3) The Selection Committee shall select two persons for each vacancy and recomunend the sarne to the State Government.
(4) The Selection Committee shall make its ‘recommendation to the State Government within a period of sixty days from the date of reference made under sub-rule Geer i
(5) The State Government shall within thirty days from the date of the recommendation by the Selection Committee, appoint one of the two persons recommended by the Selection Committee for the vacancy of the Chairperson or Member, as the case may be.
am 6. (@) WORE WAT, AE 3, 2017, 21(9)