Real Estate (Regulation And Development) Act, 2016

Section - 50 - Restrictions on Chairperson or Judicial Member or Technical or Administrative Member on employment after cessation of office

Restrictions on Chairperson or Judicial Member or Technical or Administrative Member on employment after cessation of office.

50. (1) The Chairperson or Judicial Member or Technical or Administrative Member, ceasing to hold office as such shall not:-

(a)- Accept any employment in, or connected with, the management or administration of, any person or organisation which has been associated with any work under this Act, from the date on which he ceases to hold office:
-Provided that nothing contained in this clause shall apply to any employment under the appropriate Government or a local authority or in any statutory authority or any corporation established by or under any Central, State or provincial Act or a Government Company as defined under clause (45) of section 2 of the Companies Act, 2013 (18 of 2013), which is not a promoter as per the provisions of this Act;
(b)- act, for or on behalf of any person or organisation in connection with any specific proceeding or transaction or negotiation or a case to which the Authority is a party and with respect to which .... To read the full section download the app from Google Play store