Common use of COMPLIANCE OF LAWS RELATING TO REMITANCES Clause in Contracts

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Act, 1999 or other laws as applicable, as amended from time to time. 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, 1999, Reserve Bank of India Act,1934 Act, 1934 and the Rules and Regulations made there under thereunder or any statutory amendments/amendments / modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter/Developer Promoter with such permission, approvals which would enable the Promoter/Developer Promoter to fulfill its obligations under this, this Agreement. Any refund, transfer of security, if provide provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Alottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. 3.2 The Promoter/Developer Promoter accepts no responsibility responsibilities in regard to matters specified in para clause 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified indemnify and harmless in this regard. Whenever there is any change in the residential status of the Allottee allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer Promoter immediately and comply with necessary formalities if any under the applicable laws, . The Promoter/Developer Promoter shall not be responsible towards any third party making payment/remittances payment / remittance on behalf of any Allottee and such third part y party shall not have any right in the application/application allotment of the said apartment applied for herein in anyway any way and the Promoter/Developer promoter shall be issuing the payment receipts in favour of the Allottee allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Act, 1999 or other laws as applicable, as amended from time to time.Reserve 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, 1999, Reserve Bank of India Act,1934 Act, 1934 and the Rules and Regulations made there under thereunder or any statutory amendments/amendments / modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter/Developer Promoter with such permission, approvals which would enable the Promoter/Developer Promoter to fulfill its obligations under this, this Agreement. Any refund, transfer of security, if provide provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Alottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/it may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. 3.2 The Promoter/Developer Promoter accepts no responsibility responsibilities in regard to matters specified in para clause 3.1 above. The Allottee shall keep the Promoter/Developer Promoter fully indemnified indemnify and harmless in this regard. Whenever there is any change in the residential status of the Allottee allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer Promoter immediately and comply with necessary formalities if any under the applicable laws, . The Promoter/Developer Promoter shall not be responsible towards any third party making payment/remittances payment / remittance on behalf of any Allottee and such third part y party shall not have any right in the application/application allotment of the said apartment applied for herein in anyway any way and the Promoter/Developer Promoter shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, 1999, Reserve Bank of India Act,1934 Act, 1934 and the Rules and Regulations made there under thereunder or any statutory amendments/amendments / modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter/Developer Promoter with such permission, approvals which would enable the Promoter/Developer Promoter to fulfill its obligations under this, this Agreement. Any refund, transfer of security, if provide provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Alottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/it may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. 3.2 The Promoter/Developer Promoter accepts no responsibility responsibilities in regard to matters specified in para clause 3.1 above. The Allottee shall keep the Promoter/Developer Promoter fully indemnified indemnify and harmless in this regard. Whenever there is any change in the residential status of the Allottee allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer Promoter immediately and comply with necessary formalities if any under the applicable laws, . The Promoter/Developer Promoter shall not be responsible towards any third party making payment/remittances payment / remittance on behalf of any Allottee and such third part y party shall not have any right in the application/application allotment of the said apartment Unit applied for herein in anyway any way and the Promoter/Developer Promoter shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, 1999, Reserve Bank of India Act,1934 Act, 1934 and the Rules and Regulations made there under thereunder or any statutory amendments/amendments / modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter/Developer Promoter with such permission, approvals which would enable the Promoter/Developer Promoter to fulfill its obligations under this, this Agreement. Any refund, transfer of security, if provide provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Alottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/it may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. 3.2 The Promoter/Developer Promoter accepts no responsibility responsibilities in regard to matters specified in para clause 3.1 above. The Allottee shall keep the Promoter/Developer Promoter fully indemnified indemnify and harmless in this regard. Whenever there is any change in the residential status of the Allottee allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer Promoter immediately and comply with necessary formalities if any under the applicable laws, . The Promoter/Developer Promoter shall not be responsible towards any third party making payment/remittances payment / remittance on behalf of any Allottee and such third part y party shall not have any right in the application/, allotment of the said apartment applied for herein in anyway any way and the Promoter/Developer Promoter shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, 1999, Reserve Bank of India Act,1934 Act, 1934 and the Rules and Regulations made there under thereunder or any statutory amendments/amendments / modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter/Developer Promoter with such permission, approvals which would enable the Promoter/Developer Promoter to fulfill its obligations under this, this Agreement. Any refund, transfer of security, if provide provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Alottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. 3.2 The Promoter/Developer Promoter accepts no responsibility responsibilities in regard to matters specified in para clause 3.1 above. The Allottee shall keep the Promoter/Developer Promoter fully indemnified indemnify and harmless in this regard. Whenever there is any change in the residential status of the Allottee allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer Promoter immediately and comply with necessary formalities if any under the applicable laws, . The Promoter/Developer Promoter shall not be responsible towards any third party making payment/remittances payment / remittance on behalf of any Allottee and such third part y party shall not have any right in the application/application allotment of the said apartment applied for herein in anyway any way and the Promoter/Developer promoter shall be issuing the payment receipts in favour of the Allottee allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 3.1 The Allottee, Allottee(s) if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, 1999, Reserve Bank of India Act,1934 Act, 1934 and the Rules and Regulations made there under thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/transfer of immovable immoveable properties in India etc. and provide the Promoter/Developer SUB LESSOR / PROMOTER with such permission, approvals which would enable the Promoter/Developer SUB LESSOR / PROMOTER to fulfill fulfil its obligations under this, this Agreement. Any refund, transfer of security, if provide provided in terms of the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act,1999 Act, 1999 or the any other statutory enactments or amendments thereof and thereof, the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands Allottee(s) understand(s) and agrees agree(s) that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/it may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. 3.2 The Promoter/Developer SUB LESSOR / PROMOTER accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee Allottee(s) shall keep the Promoter/Developer SUB LESSOR / PROMOTER fully indemnified and harmless in this regard. Whenever there is any a change in the corresponding/residential status status/address of the Allottee Allottee(s) subsequent to the signing of this Agreement. It , it shall be the sole responsibility of the Allottee Allottee(s) to intimate the same in writing to the Promoter/Developer SUB LESSOR / PROMOTER immediately and comply with the necessary formalities formalities, if any any, under the applicable laws, . The Promoter/Developer SUB LESSOR / PROMOTER shall not be responsible towards any third party making payment/remittances on behalf of any Allottee Allottee(s) and such third part y party shall not have any right in the application/allotment of the said apartment UNIT applied for herein in anyway any way and the Promoter/Developer SUB LESSOR / PROMOTER shall be issuing the payment receipts in favour of the Allottee Allottee(s) only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under uuder the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act 1999, the Reserve Bank of India Act,1934 Act, 1934 and the Rules rules and Regulations regulations made there under thereunder or any statutory amendments/amendment(s)/ modification(s) made thereof and all other applicable laws Applicable Laws, including that of remitt ance remittance of payment acquisition/sole/acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter/Developer Promoter with such permission, approvals which would enable the Promoter/Developer Promoter to fulfill fulfil its obligations under this, this Agreement. Any refund, transfer of security, if provide provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 Act or the statutory enactments or amendments thereof and the Rules rules and Regulations regulations of the Reserve Bank of India or any other applicable lawApplicable Law. The Allottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/it may be liable for any action under the Foreign Exchange M anagement Act, 1999 Management Act or other laws as applicable, as amended from time to time. 3.2. 3.2 The Promoter/Developer Promoter accepts no responsibility in with regard to matters specified in para Clause 3.1 above. The Allottee shall keep the Promoter/Developer Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It , it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer Promoter immediately and comply with necessary formalities formalities, if any any, under the applicable laws, Applicable Laws. The Promoter/Developer Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any the Allottee and such third part y party shall not have any right in the application/allotment of the said apartment applied for herein Apartment in anyway any way and the Promoter/Developer Promoter shall be issuing the payment receipts in favour of the Allottee only. Further, the Allottee shall continue to remain responsible for its obligations under the Agreement, including but not limited to its payment obligations, despite of a third party making payment/ remittances on behalf of the Allottee. It is hereby clarified that all refunds to allottees who are resident outside India, shall be made in Indian Rupees.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.third

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Act, 1999 or other laws as applicable, as amended from time to time. 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under uuder the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Act, 1999 or other laws as applicable, as amended from time to time., 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under uuder the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance remittance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Act, 1999 or other laws as applicable, as amended from time to time.action 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Act, 1999 or other laws as applicable, as amended from time to time.would 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITANCES. 3.1. 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,1934 and the Rules and Regulations made there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remitt ance of payment acquisition/sole/transfer of immovable properties in India etc. and provide the Promoter/Developer with such permission, approvals which would enable the Promoter/Developer to fulfill its obligations under this, Agreement. Any refund, transfer of security, if provide in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange M anagement Act, 1999 or other laws as applicable, as amended from time to time.the 3.2. The Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement. It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws, The Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third part y shall not have any right in the application/allotment of the said apartment applied for herein in anyway and the Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.