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newspaper-advertisement · 9 days ago
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Tribute and Togetherness: Booking Obituary Ads in The Tribune
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acquisory · 1 month ago
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The Real Estate (Regulation and Development) Act, 2016 – Effect on the buyer and developers of the Property
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The Real Estate (Regulation and Development) Act, 2016 (‘Act’) which has received the President assent has given a long way to the Real Estate Industry to grow. The Act has given standardization norms for buyers as well as for developers which in return will be able to create a governed business practices in the Real estate Industry.
Need for Establishment of the Act:
The Act has been formed to establish a Regulator in the form Real Estate Regulatory Authority (RERA) which can keep an eye and regulate all the norms that shall be applicable on the Real Estate Industry. Further, the authority shall 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 also to protect the interest of the consumers in real estate sector. The Act also lay emphasis on establishing adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the RERA and the adjudicating officer and for matters connected therewith or incidental thereto.
The basic aim of the Act is to protect the buyers by providing a framework for reducing conflict with developers by RERA keeping a watch as the Real Estate Sector was unorganized and unregulated thus to rectify the alleged problem, a new set of norms, registrations, regulations and clearances are being created.
Brief Overview of the Act
The Act overall covers various provisions in order to address the weak areas of the Real Estate Industry in India, principally by establishing a disclosure framework and setting strict liabilities for developers and promoters irregularities.
“Real Estate (Regulation and Development) Act, 2016 established to regulate and keep an eye on all the norms applicable on real estate industry — setting up of RERA and real estate appellate tribunals.”
The Act lays down the setting up of RERA and real estate appellate tribunals in all states and Union Territories (except Jammu & Kashmir) within one year of its notification.
The Act provides for the mandatory registration of real estate projects with RERA where the total area of land proposed to be developed exceeds 500 square meters or more than eight apartments are proposed to be developed inclusive of all phases (where phase-wise development is proposed). It also mandates the registration of every phase of the project separately as a Standalone project and the projects cannot be advertised, booked or sold in any form prior to registration and obtaining necessary construction approvals. The RERA have to either grant or reject the registration applications within 30 days of the receiving of the application.
“Act to provide mandatory registration of real estate projects with RERA where the total area of land proposed to be developed exceeds 500 square meters or more than eight apartments are proposed to be developed inclusive of all phases.
Project disclosures to be made, defining of terms apartment, carpet area and rate of interest.
Promoters are mandated to park 70% of all project receivables in a separate account”
Further, the promoters/developers of the ongoing project for which the completion certificate is not yet issued shall make an application to the RERA for registration of the said project within three months from the date of the commencement of the Act.
Under the Act it is being mandated to provide the publicly accessible disclosures of the project and promoter details, alongwith a self-declared timeline within which the promoter is required to complete the project. Quarterly project related disclosures also required and all the disclosures are required to be made online available.
The Act clearly defines certain terms such as…
Read more: https://www.acquisory.com/ArticleDetails/10/The-Real-Estate-(Regulation-and-Development)-Act_-2016-%E2%80%93-Effect-on-the-buyer-and-developers-of-the-Property
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zooterchet · 2 months ago
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Megaman: The Tribunals (War Crimes Charges Against Dr. Light)
Alice (SIS Colombia, Apple Corporation):
Recruiting Officer: Dr. Sanjay Gupta.
Adminstrating Officer: Joanne Lennox.
Creedence Clearwater Revival: The suggestion for "Wooden Nickel Records", through suggesting a profit-share.  Marked as stolen, by music store owners, and signed to Apple.
Elvis Costello: An album art set, music, lyrics, and direction, allowed to steal to sell to crib to Elvis Costello; "National Ransom".
The Beatles: FBI cadet flunked for remedial English, found in Whitey Bulger's art pin tell set out of the Boston Crows (United Health Associates), Ali Baba; Mark David Chapman, signaled by Israeli Defense Forces, over monitored phone line, to respond to planted song by George H.W. Bush Sr., "Eleanor Rigby"; a spy's song, to reject the priesthood.
Lynyrd Skynyrd: Rumor that little known artist, and former member of CSN, Neil Young, was disliked by Ronnie Van Zant; the "t-shirt" rumor, that Ronnie Van Zant's mother, disliked Neil Young for "Wooden Ships" being favored over "Baptist Cross"; the latter, a Klansman's song, the former, a refusal of a Klanswoman.  Both, created by Crosby, Stills, and Nash; Young a former musician for the band, as a quartet.
Michael Jackson: Suggestion to Jackson Five, that MI-6 victim, Ted Bundy, was a US President; the movement of "Helter Skelter", the Manson case, as written on prosecutor's memoir by switched birth with Charles Manson, Vincent Bugliosi, into each song by Michael Jackson.  Pedophile rumors, once Ted Bundy's trial occurred, since Bundy, was rumored to have killed a 12 year old child; actually a British Mob setup, given Ted Bundy's murder of a major criminal, as a vigilante act to save his wife.
David (SIS Hanoi, NSA HUMINT):
Recruiting Officer: Sandi MacDonald.
Administrating Officer: Allison Haimes.
Broadway: Marijuana support of New York mutual funds for Broadway, Showtunes, and Musicals, through the "ice show budget", shut down with an internalized marijuana pricing system; MUSH is run through Los Angeles Chinese Triads, for sales of monetized artist pieces and parts, while banks of New York City collapse into "Occupy" movement, to get marijuana on free prices.  Impossible, given anyone's commodities and workplace sense, even more given economic situation creation; proof of failure of business and advertising sense, without marijuana available for highschool students.
EON Entertainment: Five Bond movies produced, with self as villain, per film, taking down a major Federal Republic of Germany basin, out of Israeli Defense Forces support; five MI-6 operatives, pledging Presbyterian Church, removed, per film, and five more, all Iranian-Mullahs removed, plus five mob bosses, in a cross stitch at top, incarcerated into various forms; a psychotic break, for Benjamin Netanyahu, through Hillary Clinton, the signatory on the Bond films featuring self as spy taken out of activity; not "the fergusi", a refusal of retirement, to become an active spy outside of media model.
Mass Health: Romney Care, and Obama Care, replaced by Baker's Non-Payer Pilgrim Health, specifically for state of Massachusetts; criminal rates reduced, and prosecution of those expecting mandatory health care attendance, by Massachusetts State Police under own laws of State Legislature; legislature and civics terms, failed by corrections staff of foreign states to the United States logic of Massachusetts, leading to the removals of bailiffs staff with influence over Massachusetts; the freedom of farmers, those places where State Police get wives, to ply prostitute's debt, out of INTERPOL, the prostitute's union for police wives.  Now illegal, under Baker's reforms, through the shutdown of Israeli medical testing enterprises.
Magic Hat: The temporary removal, of Magic Hat #9 and Harpoon IPA, from the shelves of United States national liquor stores, to force Sam Adams on the country, instead of New England's very popular beers, outside the lager market.  The expense, of Sam Adams, for a proper alcoholic having been raised on Budweiser and Rubinoff, for German North Ireland police unions of teachers and special education guided labor.  Now, "pilsner" is considered pedophiliac to discuss, unless wedded, and "ale", is the common internet trend, for highschoolers; Alcoholics Anonymous numbers, crashing through the floor and basement, since ale is a temporary drink, once in a while; not lager, designed to hook intelligent students into alcoholism, for labor margins investments.
Pussy Riot: The murder of INTERPOL cadets and agencies, of East German origin, as "The Batman"; the betrayal of the Montreal Mafia, not for refusing the Bat's legend of murder being refused, but murder being considered the use of a "hand gun"; any firearms.  The use of empty hand and one's own wits, through father and literature classes, to determine means and necessity of death; the resistance to the National Rifle Association, on behalf of the National Security Agency's "Human Intelligence" division, the street courier shutting down international hacks of records, phones, and computers, as every American citizen is promised; and others, a disturbing newspaper article, maybe for online news, of a student's rights being compromised by Canadian Nortel dependent police.
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timesofinnovation · 3 months ago
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In a strategic move that could reshape the competitive landscape of online search, Perplexity AI has announced plans to introduce advertising on its AI-powered search engine by the fourth quarter of this year. This initiative comes on the heels of a publisher program established with prominent partners such as IME, Der Spiegel, Fortune, Entrepreneur, The Texas Tribune, and WordPress, signaling a robust commitment to integrating advertising as a core part of its business model. The online search industry is still relatively young, providing a ripe opportunity for companies aiming to capitalize on this expanding market. Traditional competitors, including Google and Microsoft, have long dominated the scene, leveraging advertising as a primary revenue stream. Google has innovated its search features by integrating AI to generate concise summaries for user queries, while Microsoft's Bing has embraced OpenAI technologies, embedding advanced AI capabilities to enhance user experiences. The potential implications of Perplexity AI's advertising plans are significant. Google's longstanding supremacy in search has allowed it to establish an incredibly valuable business through its ad-based revenue model. The introduction of Perplexity AI's advertising could pose a direct challenge to Google's market dominance, especially as users become increasingly inundated with AI-enhanced features across different platforms. Advertisers and businesses are constantly looking for more efficient ways to reach audiences. As AI technologies become more integrated into search engines, this represents an evolution in how advertisements can be served—tailored to the specific intent and context of user searches. Perplexity AI's latest venture comes at a time when the demand for unique and effective advertising avenues is at an all-time high. Critics might argue that the landscape is already saturated with advertisement-laden services. However, Perplexity AI seeks to differentiate itself by leveraging the specific nuances of AI technology. For instance, unlike traditional advertising, AI can analyze user interactions and preferences in real-time, enabling highly personalized and relevant ads that could lead to better engagement rates. Evidence suggests that consumers increasingly favor companies that utilize innovative technology to enhance their experiences. A recent survey indicated that 72% of consumers prefer products from brands that use AI for personalization. By implementing a sophisticated advertising model, Perplexity AI could effectively tap into this preference, offering clients a platform where their messaging resonates more forcefully. Moreover, the partnership with renowned publishers indicates that Perplexity AI is positioning itself as more than just a search engine. It aims to become a comprehensive advertising ecosystem, giving advertisers access to premium content spaces alongside their advertisements, further enriching the user experience and engagement levels. Industry analysts recognize the fact that the realm of AI in search engines is still in its initial stages, and further innovations can be expected as players evolve. The introduction of advertising by Perplexity AI is an essential step that may inspire similar strategies among other emerging competitors. This could prompt a wave of creativity and innovation in implementing advertising solutions that better serve both advertisers and users alike. To summarize, Perplexity AI's introduction of advertising marks a pivotal moment in the evolution of search engines. As the company gears up to launch its advertising capabilities, it challenges existing giants while also promising a more tailored experience for both users and advertisers. This scenario is a clear reflection of the interconnectedness of technology, advertising, and consumer preferences, underscoring the importance of adopting innovative strategies in a competitive digital landscape.
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vbvassociateskochi · 11 months ago
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52nd GST MEETING MINUTES 07.10.2023
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Trade Facilitation measures
Amnesty scheme for appeal filing till 31st January 2024
> Who will it benefit?
Taxable persons
> who could not file an appeal against a demand order passed on or before 31st March 2023
> Whose appeal was rejected since it was not filed within the specified time limit
> How much amount to be pre- deposited?
> 12. 5% of the tax under dispute
> of which 2.5% has to be debited from electronic cash ledger
2.Taxability of Guarantees given to the banks against the credit limits / loans sanctioned by the Company
> Where the guarantee is provided by the directors :The value of the transaction to be treated as zero if there is no consideration paid by the company.
> Where corporate guarantee is provided for related persons including holding company to its subsidiary company :The taxable value of the transaction  shall be 1% of such guarantee or the actual consideration whichever is higher  (Sub-rule (2) in Rule 28 to be inserted for the purpose).
3.Restoration of provisional attachment of property
Proposed amendment to provide that the order passed in Form GSTR DRC -22 shall not be valid for more than one year from the date of order.
Note :No specific written order required
4. Clarification on issues related to Place of Supply
Circulars to be issued to clarify the place of supply related to i) transportation of goods, including by mail or courier, in cases where the location of supplier or the location of recipient of services is outside India; (ii) advertising services and (iii) co-location services.
5. Clarification related to export of services
> To be treated as export of services , the consideration for supply of services to be received in convertible foreign exchange or in Indian rupees wherever permitted by RBI
> Circular to be issued to clarify the admissibility of export remittances received in Special INR Vostro account, as permitted by RBI
Note :  Rupee vostro accounts keeps a foreign entities holding in an Indian Bank in India Rupees and facilitate settlement of transactions in INR.
6. Supplies to Sez unit / sez development on payment of IGST and claiming of refund
Except commodities mentioned in Notification 1/ 2023 dated 31st July 2023, suppliers to Sez units / Sez developers can go for the IGST payment and refund route w.e.f 1st October 2023
Other measures pertaining to law and procedure
> Alignment of provisions of the CGST Act, 2017 with the provisions of the Tribunal Reforms Act, 2021 in respect of Appointment of President and Member of the proposed GST Appellate Tribunals – The eligibility and age criteria has now been specified.
> Amendment to Act and rules to give effect to ISD procedure
> ISD distribution procedure was made mandatory for distribution of Input Services procured by HO.
> In relation to the same amendments has been recommended in Section 2(61) , Section 20 of the CGST Act and Rule 39 of the CGST Rules.
 Rate Changes
1.  Changes in rate of Good
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2. Changes in rate of Services
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emblazekochi · 1 year ago
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52nd GST MEETING MINUTES 07.10.2023
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Trade Facilitation measures
Amnesty scheme for appeal filing till 31st January 2024
> Who will it benefit?
Taxable persons
> who could not file an appeal against a demand order passed on or before 31st March 2023
> Whose appeal was rejected since it was not filed within the specified time limit
> How much amount to be pre- deposited?
> 12. 5% of the tax under dispute
> of which 2.5% has to be debited from electronic cash ledger
2.Taxability of Guarantees given to the banks against the credit limits / loans sanctioned by the Company
> Where the guarantee is provided by the directors :The value of the transaction to be treated as zero if there is no consideration paid by the company.
> Where corporate guarantee is provided for related persons including holding company to its subsidiary company :The taxable value of the transaction  shall be 1% of such guarantee or the actual consideration whichever is higher  (Sub-rule (2) in Rule 28 to be inserted for the purpose).
3.Restoration of provisional attachment of property
Proposed amendment to provide that the order passed in Form GSTR DRC -22 shall not be valid for more than one year from the date of order.
Note :No specific written order required
4. Clarification on issues related to Place of Supply
Circulars to be issued to clarify the place of supply related to i) transportation of goods, including by mail or courier, in cases where the location of supplier or the location of recipient of services is outside India; (ii) advertising services and (iii) co-location services.
5. Clarification related to export of services
> To be treated as export of services , the consideration for supply of services to be received in convertible foreign exchange or in Indian rupees wherever permitted by RBI
> Circular to be issued to clarify the admissibility of export remittances received in Special INR Vostro account, as permitted by RBI
Note :  Rupee vostro accounts keeps a foreign entities holding in an Indian Bank in India Rupees and facilitate settlement of transactions in INR.
6. Supplies to Sez unit / sez development on payment of IGST and claiming of refund
Except commodities mentioned in Notification 1/ 2023 dated 31st July 2023, suppliers to Sez units / Sez developers can go for the IGST payment and refund route w.e.f 1st October 2023
Other measures pertaining to law and procedure
> Alignment of provisions of the CGST Act, 2017 with the provisions of the Tribunal Reforms Act, 2021 in respect of Appointment of President and Member of the proposed GST Appellate Tribunals – The eligibility and age criteria has now been specified.
> Amendment to Act and rules to give effect to ISD procedure
> ISD distribution procedure was made mandatory for distribution of Input Services procured by HO.
> In relation to the same amendments has been recommended in Section 2(61) , Section 20 of the CGST Act and Rule 39 of the CGST Rules.
 Rate Changes
1.  Changes in rate of Good
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2. Changes in rate of Services
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sawapro · 1 year ago
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HOW DO I ADVERTISE IN THE SUNDAY TRIBUNE NEWSPAPER?
First, we are proud of our Sunday Tribune Newspaper because our Newspaper advertising prices are fair. Search Here Now! Search for Sunday Tribune Newspaper advertising prices, rates cards, and costs in newspapers with us. Check out our Sunday Tribune Newspaper advertising email addresses, contact numbers, and editors for more details and if you want Sunday Tribune Newspaper advertising to boost your business.
Secondly, Newspaper advertising is a powerful tool for local and regional companies searching for an affordable way to reach everyone in an ever-expanding marketplace. Having the benefit of readily available media channels within the actual Sunday Tribune Newspaper.
Thirdly, for classified advertising, you can try out Sunday Tribune Newspaper Advertising email addresses of [email protected] for more information about our front-page ads, and loosely insert ads. Thus Sunday Tribune Newspaper ads can also reach provinces and regions of the KwaZulu-Natal.
 How much does it cost for an ad in the Sunday Tribune Newspaper?
The cost of a newspaper ad depends on the circulation, size, and content. So, you can choose the newspaper you want to advertise in. We can also help you if you don’t know what to do. We can help you pick the best newspaper to advertise in that will you give you the best results.
 How do I contact a Sunday Tribune Newspaper?
Therefore, for more advertising rates card information, or to place an ad, please check out our Newspaper Advertising Contact numbers +27 (0) 10 238 0837 or WhatsApp us at ‎ ‎+27 (0) 65 564 7262 or try our Sunday Tribune Newspaper Advertising editors because we can create an advert for you with a short period. We are also flexible with affordable advertising prices, costs, and rate cards. So feel free to consult us.
 Which media is best for advertising?
Newspaper ad is one of the most powerful marketing tools available, and an ad placed in a Sunday Tribune Newspaper can improve sales enormously.
Newspaper advertising reaches a wider audience. Newspapers are almost in all localities, regions, provinces, or national markets thus getting more profits and higher growth of the business.
It also has the best advertising rates which is why its regarded as the best media name advertisement.
Do you need other types of newspapers in KwaZulu-Natal?
Finally, let us know which newspaper you are interested in so that we can help you look for what is required. for example, the city or region name. Sunday Tribune Newspaper also offers other options for newspaper ads. For instance, Legal notice, Petroleum license, and Liquor License. So feel free to call us for more information.
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archinspireau · 2 years ago
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PermitPro: Streamlining Town Planning
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We are a leading company specializing in town planning permit services. Our expertise ensures smooth and efficient processes for obtaining permits, enabling successful development projects.
ARCHINSPIRE create innovative, sustainable designs for your project. Contact us for town planning or planning permit services in Australia.
TOWN PLANNING
WHAT IS TOWN PLANNING PERMIT?
One of our expertise is Town Planning Permit. Subdivision & Multi Unit Development is perhaps the most profitable investment available today. A successful application will give great return on investment. Town Planning requires a land to be subdivided (Subdivision) into sections, which are then sold independently.
This process is as easy as it may seem, but it requires a town planning permit first, which is a tedious process. There is a lot of paperwork involved and even the slightest of mistakes can result in refusal or time delays. At Archinspire, we have helped many of our clients to get the town planning permit and every single application prepared by us has been accepted. We have a 100% success rate in getting the Town Planning permit. archinspire.com.au
This is due to our experience in town planning and understanding of the town planning process. If you are planning to invest in Subdivision, Multi Unit Development & Dual Occupancy or having difficulty getting a permit, visit us or give us a call. This will allow us to give an advice and offer you a solution that will satisfy all of your needs.
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TOWN PLANNING PERMIT PROCESS
The stages of a town planning permit application in Victoria, Australia typically include the following:
1 – Pre-application: Before submitting a town planning permit application, it is important to research the local planning policies, regulations, and zoning requirements that apply to the site.
2 – Lodgment of application: Once gathered all the necessary information and documentation, we can lodge your planning permit application with the local council. The application will typically include plans, drawings, and supporting documents that provide details about the proposed development.
3 – Referral and advertising: The local council will typically refer the town planning permit application to relevant authorities, such as the Environmental Protection Authority or the Department of Transport, for comment. The council may also advertise the application to the public to seek feedback and objections.
4 – Assessment: The council will assess the town planning permit application against relevant planning policies, regulations, and zoning requirements. They will also take into account and feedback received from the public or other authorities. The assessment may include site visits, further consultation with the applicant and requests for additional information.
5 – Decision: Once the assessment is complete, the council or planning authority will make a decision on whether to grant or refuse the town planning application. If the application is granted, it may include conditions that the applicant must comply with in order to carry out the development.
6 – Review and appeal: If the town planning permit application is refused, the applicant may have the right to appeal the decision to the Victorian Civil and Administrative Tribunal (VCAT). VCAT may also review the decision if the applicant or another party is dissatisfied with the conditions attached the permit.
It’s important to note that the town planning permit application process can vary depending on the type and complexity of the proposed development, as well as the local planning policies and regulations that apply to the site.
With our projects spread all across Victoria, we are one of the most trusted professionals in the field. For free consultation and free site inspection please contact Archinspire.
WHY US?
At Archinspire we offer great value with a fixed price contract & high level of personalized services. With our 100% success rate, we are ready to start your project immediately. For free consultation and free site inspection please contact Archinspire.
Please visit here: https://archinspire.com.au/town-planning/
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Contact Us:
Call: 1300 520 369
Address: Office 15 – 420 Victoria Street, Brunswick VIC 3056
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swldx · 2 years ago
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RNZ Pacific 1310 1 Mar 2023
7390Khz 1259 1 MAR 2023 - RNZ PACIFIC (NEW ZEALAND) in ENGLISH from RANGITAIKI. SINPO = 45434. English, s/on w/bellbird int. until pips and news @1300z anchored by Susana Lei'ataua. Vanuatu is experiencing the wrath of Tropical Cyclone Judy with its destructive hurricane force winds damaging homes, uprooting trees and causing power cuts. Four Papua New Guinea fishermen who went missing at sea three weeks ago have been found alive. Family spokesperson Motu Lohia told RNZ Pacific the four were found drifting off Domara village, Abau, along the south-eastern coast of Central Province for about two weeks. "They had no anchor but they managed to use the motor as the anchor when they drifted on the reef. That's where they stayed for five days and [then were] found by the local fishermen." They survived off drifting coconuts and fish. The men, aged from 18 to 35, went trawling at 10am on February 7 and had been missing ever since. A Papua New Guinea politician, former cabinet minister, Bryan Kramer, has been found guilty of seven allegations of misconduct in office. A Leadership Tribunal found Kramer guilty of scandalising the judiciary by posting articles on his Facebook account and insinuating a conflict of interest with Chief Justice Sir Gibbs Salika. The government of French Polynesia has signed a funding deal for more than $US62 million for several green energy projects over the next four years. The fund was part of 27 engagements promised by French President Emmanuel Macron during his trip to the territory in 2021. A 2018 study found New Zealand children were exposed to alcohol advertising every day, with Māori and Pacific children exposed at a rate three to five times higher than Pakeha children. Changes in alcohol laws in Auckland proposed. Police officers were needlessly put in danger during the riots at Parliament when they were sent in without the correct protective gear, police advocacy groups say. About 150 officers were injured on 2 March last year during the full day push to remove protesters from the grounds and end the anti-mandate occupation. Tuesday's train crash about 350km north of Athens killed at least 36 people when a high-speed passenger train heading to the northern city of Thessaloniki careered into a freight train from the opposite direction, flying off the track and bursting into flames. Former Lagos governor Bola Ahmed Tinubu has won Nigeria’s presidential election, officials said early Wednesday, marking a victory for the ruling party despite the unpopularity of its outgoing president, Muhammadu Buhari. Sports. @1308z Cyclone Judy positions and windspeeds 185km/hr and predictions read in slow English by female announcer. Backyard fence antenna, Etón e1XM. 100kW, beamAz 35°, bearing 240°. Received at Plymouth, United States, 12912KM from transmitter at Rangitaiki. Local time: 0659.
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releasemyad1 · 3 years ago
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newspaper-advertisement · 1 year ago
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Helping employers and job seekers connect – recruitment ads in Assam Tribune!
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acquisory · 2 months ago
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Real Estates Rules Tightened — A Check on the Real Estate Market
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Ministry of Housing and Urban Poverty Alleviation notified the much-awaited Real Estate Rules on 31st October, 2016. With the enactment of the Real Estate (Regulation and Development) Act, 2016 which was partly brought into effect on 1st May, 2016, the rules and regulations to govern such an industry was required and model regulations were circulated to give effect to the governing of the real estate market. Thus, the Real Estate (Regulation and Development) (General) Rules, 2016 have been notified as it was stipulated in the Real Estate (Regulation & Development) Act, 2016 which aims to bring transparency and set accountability in the sector. The same are applicable to the five Union Territories without Legislature viz., Andaman & Nicobar Islands, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep and Chandigarh.
The Real Estate act, 2016 is a major step in protecting the interests of consumers/buyers and also protects them from various kinds of frauds being played upon by the builders and also beneficial to genuine builders and developers. The newly notified rules will bring greater transparency in builder-buyer agreements and also makes it mandatory for builders and developers for timely construction of projects and possession thereof without applying any hidden charges etc. The said Rules also stipulate that the builders shall furnish additional information regarding the ongoing projects besides depositing 70 per cent of unused funds in a separate bank account to ensure their timely completion. The developers shall also be required to refund or pay compensation to the buyers/allottees with an interest rate of State Bank of India’s highest marginal cost of lending rate plus two per cent within 45 days of the payments becoming due. The new rules stipulates that the developer, within three months of applying for registration of a project with the Real Estate Regulatory Authority shall deposit in a separate bank account, 70 per cent of the amount collected and unused for ensuring completion of ongoing projects. The developers shall also have to publish all kinds of vital information in respect of the said project including status of the project with photographs floor-wise, status of construction of internal infrastructure and common areas with photos, etc.
In order to make the provisions of the said Act more effective, the Rules also provide for compounding of punishment with imprisonment for violation of the orders of Real Estate Appellate Tribunal against payment of 10 per cent of project cost in case of developers and 10 per cent of the cost of property purchased in case of allottees and agents. Compliance with reasons for punishment shall be complied within 30 days of compounding.
Under the Rules, adjudicating officers, Real Estate Authorities and Appellate Tribunals shall dispose of the complaints within 60 days. The Real Estate Regulatory Authorities have to publish on their websites the information relating to profile and track record of promoters, details of litigations, advertisement and prospectus issued about the project, details of apartments, plots and garages, registered agents and consultants, development plan, financial details of the promoters, status of approvals and projects etc. The provisions of the Act further provides that Real Estate Regulatory Authorities are required to be put in place by April 30, 2017 before full Act is brought into effect.
Briefing of Specific Rules:
Regarding Ongoing Projects:
The rule regarding the ongoing projects clearly specifies that the ongoing projects that have not received completion certificate in specified time, developers will have to make public the original sanctioned plans with specifications and changes made later, total amount collected from allottees, money used, original timeline for completion and the time period within which the developer undertakes to complete the project, duly certified by an Engineer/Architect/practicing Chartered Accountant. Promoter shall also declare size of the apartment based on carpet area even if it was earlier sold on any other basis. It has also made mandatory for the developer to deposit in a separate bank account 70% of the amount collected and unused for ensuring completion of ongoing projects within three months of applying for registration of a project with the Real Estate Regulatory Authority.
Registration of Projects:
It has now been notified that for registration of projects with the authorities, developers will be required to submit authenticated copy of PAN card, annual report comprising audited profit and loss account, balance sheet, cash flow statement and auditors report of the promoter for the immediate three preceding years, authenticated copy of legal title deed, copy of collaboration agreement if the promoter is not the owner of the plot. Promoter also has to declare information regarding the number of open and closed parking areas in the project. Promoter shall upload on the webpage of the project, within 15 days of expiry of each quarter information regarding number and type of apartments or plots, garages booked, status of the project with photographs floor-wise, status of construction of internal infrastructure and common areas with photos, status of approvals received and expected date of receipt, modifications in sanctioned plans and specifications approved by the competent authority.
The requirement of disclosing Income Tax returns proposed earlier has been withdrawn in the final Rules keeping in view the confidentiality attached with them and as pointed out by legal experts and promoters.
Registration Fees:
In order to incentivize registration of projects and Real Estate Agents with Regulatory Authorities, fee for the same has been reduced by half based on suggestions from promoters for reduction of fee. For registration of projects, the fee has been reduced to Rs.5 per sq.mt for up to 1,000 sq.mt area and Rs.10 per sq.mt beyond this limit subject to…
Read More: https://www.acquisory.com/ArticleDetails/21/Real-Estates-Rules-Tightened-%E2%80%93-A-Check-on-the-Real-Estate-Market
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onlineadvertisements · 3 years ago
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releasemyad · 4 years ago
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bookmyadindia-blog · 5 years ago
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Book your ad in Assam tribune newspaper paper with the help of Book My Ad. Book My Ad is the best advertising solution for any types of newspaper advertisement.
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prorevenge · 4 years ago
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A rental agent tried to punish me for ending my lease. Madam Chair wasn't having it.
This happened a few years ago. I'm South African and we have very rigorous tenant protection laws. There's a body called the Rental Housing Tribunal that handles disputes between landlords and tenants, free of charge. At the time that this story takes place, South Africa had just introduced a new law called the Consumer Protection Act, which stated that all contracts could be cancelled with 30 days' notice, but that a "reasonable cancellation fee not exceeding 10% of the value of the remaining contract term" could apply. I might not get all the legal jargon right. Apologies.
Because of reasons, I had chosen to cancel my lease 5 months early, and provided the rental agents with more than 30 days' notice. They acknowledged receipt of my email. After I moved out I requested that my deposit be refunded, and they refused, stating that I had forfeited my deposit by cancelling the lease. They sent me an invoice for a further 2 months' rent, as well as for the costs of advertising to find a new tenant, and they stated in the email that I was responsible for finding a new tenant and that I would have to pay additional rent for every month that the house was vacant. This was all pretty illegal, and I couldn't afford to lose my deposit and definitely couldn't afford a lawyer, so I contacted the Rental Housing Tribunal. They set a date for us to meet in a public building a week later.
Cast
Me: shabby looking guy, alone, wearing cheap broken shoes
Agent: fancily dressed middle-aged woman
Lawyer: Arrogant middle-aged guy in full formal robes
Madam Chair: Short modestly-dressed woman, Head of my province's Rental Housing Tribunal
Tribunal members 1, 2, and 3
Madam Chair: Thank you all for coming and being on time. Wow! We drove such a long way to be here. It was nice. And it's nice to see you all. Is everyone comfortable?
All: nods and murmurs of agreement.
Madam Chair to me: You are the tenant?
Me: Yes Madam Chair.
Madam Chair: OK dear, we received your complaint. Have you ever spoken to the Tribunal before?
Me: No, Madam Chair.
Madam Chair: OK dear, many people do not know about the Tribunal. How did you hear about us?
Me: I read the Rental Housing Act, Madam Chair.
Madam Chair: Very good! You must know your rights, my dear.
At this point I was kind of amazed at what was happening. I had been terrified of what was about to happen, but here was this important woman calling me "dear" unironically and generally just being really sweet. I was starting to feel a bit better when suddenly...
Enter stage right, Lawyer, walking fast, carrying a briefcase, robes billowing out behind him.
Lawyer: I move to dismiss this case.
Madam Chair: Hello Sir. You are?
Lawyer: I am representing my client, (Estate Agency Name).
Madam Chair: Oh, OK, well this isn't a court. We are mediating here.
Lawyer: We don't agree to mediation.
Madam Chair looking confused: You don't have to agree. We are empowered by the Rental Housing Act.
Lawyer mumbles something and sits.
Tribunal Member 1 to Lawyer: Have you received the written complaint?
Lawyer: I have. The tenant claims that the Consumer Protection acts makes these invoices invalid. The Consumer Protection Act does not apply to lease agreements.
Tribunal Member 2: Actually sir, the act refers to authorised governing bodies and empowers those bodies to make determinations individually.
Lawyer: You are not authorised!
Madam Chair: Excuse me sir, we are in a library. The librarians have been kind enough to allow us to meet here, but we will need to be quiet. Librarians can be dangerous.
Tribunal Members chuckle
Lawyer: If he [points at me] wants to fight this he can take us to court.
Madam Chair, not losing her smile at all: Sir, firstly, you will address me as Madam Chair. Second, whether you personally recognise our authority is irrelevant. We are authorised to make this decision. If your client wants to keep her license she should listen very carefully to what we are about to say.
Lawyer: The CPA does not apply! I'm not going to debate this with... you people!
Tribunal Member 2: We are not debating sir, we are ruling.
Tribunal Member 3 chuckles.
Madam Chair to Agent: You have acted illegally, ma'am. You will refund the tenant's deposit.
Agent: I am within my rights to
Madam Chair cutting her off: Order, please. You will refund the deposit within 48 hours. Furthermore...
Lawyer interrupting: My client will do no such thing!
Madam Chair: Your client will comply with our ruling or we will garnish her income and she will lose her license.
Tribunal Member 3 to Madam Chair: She won't have an income without a license.
Madam Chair: That is true. It will be for the court to decide how her obligations are to be met in that case. We would advise that she sign.
Tribunal Member 2 handing A some documents: You will notice that we have been lenient with the penalty.
Agent: So he will still pay the penalty? Good!
Madam Chair: No ma'am. You will be penalised. We are authorised to award 2 months' rent as compensation, and as penalty to you. The deposit will also be paid in full, plus interested at the standard rate.
Madam Chair to me: You were there for 7 months correct?
Me: Yes Madam chair.
Madam Chair: 7 months interest then. Thank you all. This meeting is adjourned.
Lawyer and Agent sign the forms and storm out.
Me to Madam Chair: Thank you so much.
Madam Chair: My dear, we are all from (Province). We are not rich people. I am black, you are white, but we are citizens together and we know what it means to suffer. These people who take advantage of us must know that we are not powerless.
Me: This sort of thing happens a lot in this town.
Madam Chair: Really? If you know of any other cases, please give those people our details. Many people do not know about the tribunal, and I really enjoyed driving here.
(source) story by (/u/parechha)
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