MANU/REVU/0113/2022

Ministry : Ministry of Finance

Department/Board : Revenue

Notification No. : GSR855(E)

Date of Notification : 29.11.2022

Date of Publication : 29.11.2022

Industry: Finance

Amendment in Section 2(zm) of the Real Estate (Regulation and Development) Act, 2016

G.S.R.855(E).--In exercise of the powers conferred under sub-clause (iii) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby notifies that 'real estate agents' as defined under clause (zm) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016) and as a person engaged in providing services in relation to sale or purchase of real estate and having annual turnover of Rupees twenty lakhs and above, as a "person carrying on designated business or profession".

[F. No. P-12011/7/2022-ES Cell-DOR]
SHASHANK MISRA, Director (Headquarter)