(1) The court may, for the purposes of compounding of any offence under section 70, accept a sum of money as specified in the Table below :— Table Offence Money to be paid for compounding the offence Offence under sub-section (2) of 5 percent. of the estimated cost of the real estate section 59 project which may extend upto 10 percent. of such estimated cost.
Offence under section 64 5 percent. of the estimated cost of the real estate project which may extend upto 10 percent. of such estimated cost.
Offence under section 66 5 percent. of the estimated cost of the plot, apartment or building, as the case may be, of the real estate project, for which the sale or purchase has been facilitated, which may extend upto 10 percent. of such estimated cost.
Offence under section 68 5 percent. of the estimated cost of the plot, apartment or building, as the case may be, which may extend upto 10 percent. of such estimated cost.
(2) The Officer authorised by the Government may, with the approval of the Chairperson of the Authority, accept from any person charged with such offence, by way of compounding of the offence, a sum specified in the Table to sub-rule (1).
(3) On payment of the sum of money in accordance with the table above, no further proceeding shall be taken against the accused person in respect of the same offence, and any proceeding already taken or initiated, shall stand abated and the accused person, if in custody, shall be discharged.
(4) The promoter, allottee or real estate agent, as the case may be, shall comply with the orders of the Authority or the Appellate Tribunal within the period specified by the court, which shall not be more than thirty days from the date of compounding of the offence.