Section 38. (1) The Authority shall have powers to impose penalty or interest, in regard to any

{
    "act_title": "The real estate (regulation and development) act, 2016",
    "act_slug": "real-estate-regulation-and-development-act-2016",
    "section_label": "Section",
    "section": {
        "number": "38",
        "title": "Section 38. (1) The Authority shall have powers to impose penalty or interest, in regard to any",
        "chapter": null,
        "content": "contravention of obligations cast upon the promoters, the allottees and the real estate agents,\nunder this Act or the rules and the regulations made thereunder.\n(2) The Authority shall be guided by the principles of natural justice and, subject to the\nother provisions of this Act and the rules made thereunder, the Authority shall have powers\nto regulate its own procedure.\n(3) Where an issue is raised relating to agreement, action, omission, practice or\nprocedure that—\n(a) has an appreciable prevention, restriction or distortion of competition in\nconnection with the development of a real estate project; or\n(b) has effect of market power of monopoly situation being abused for affecting\ninterest of allottees adversely,\nthen the Authority, may suo motu, make reference in respect of such issue to the Competition\nCommission of India.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 37
    },
    "prev_section": "37",
    "next_section": "39"
}