Examples of Reserve Bank in a sentence
The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in foreign Exchange Management Act, 1999 Reserve Bank of India Act and Rules and Regulations made there under or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc.
The Allottee understands and agrees that intheevent of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
Whenever compensation in the form of interest is payable by Bank to Customer pursuant to this Agreement, such compensation will be payable at the average of the Federal Funds rate published by the Federal Reserve Bank of Atlanta for each of the days for which interest is payable computed on the basis of a year of 365 days, or at such other rate as Bank and Customer may, from time to time, agree.