RERA
"boon or bane"
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| Article written by Himanshu Raj published in Law Herald October 2017 issue. |
Important Dates
Objectives of the Act
Applicability of the Act
Main Provisions of the Act
Mandatory Registration
Following are the transactions in which quoting of PAN is mandatory by every person except the Central government, state governments and consular offices: 1. Sale or purchase of a motor vehicle or vehicle other than two wheeled vehicles. 2 . Opening an account (other than a time-deposit referred at point No. 12 and a Basic Savings Bank Deposit Account) with a banking company or a co-operative bank. 3 . Making an application for issue of a credit or debit card. 4 . Opening of a demat account with a depository, participant, custodian of securities or any other person with SEBI. 5 . Payment in cash of an amount exceeding Rs 50,000 to a hotel or restaurant against bill at any one time. 6 . Payment in cash of an amount exceeding Rs 50,000 in connection with travel to any foreign country or payment for purchase of any foreign currency at any one time. 7 . Payment of an amount exceeding Rs 50,000 to a Mutual Fund for purchase of its units. 8 . Payment of an amount exceeding Rs. 50,0...
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