CHAPTER IX - FINANCE, ACCOUNTS, AUDITS AND REPORTS

An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto.

Section 78 - Annual report

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(1) The Authority shall prepare once in every year, in such form and at such time as may be prescribed by the appropriate Government

(a) a description of all the activities of the Authority for the previous year

(b) the annual accounts for the previous year, and

(c) the programs of work for the coming year

(2) A copy of the report received under sub-section (1) shall be laid, as soon as may be after it is received, before each House of Parliament or, as the case may be, before the State Legislature or the Union Territory Legislature, where it consists of two Houses, or where such legislature consists of one House, before that House

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