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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The ALLOTTEE/ALLOTTEES, 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 thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its obligations under this Agreement. Any refund, transfer or security, if provided 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/ALLOTTEES 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 shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Promoter accepts no responsibility in this regard. The ALLOTTEE shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES 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 immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE and such third party shall not have any right in the application/allotment of the said Designated Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the ALLOTTEE only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The ALLOTTEEPurchaser/ALLOTTEESAllottee, 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 thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Promoter Vendor with such permission, approvals which would enable the Promoter Vendor to fulfil fulfill its obligations under this Agreement. Any refund, transfer or of security, if 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 ALLOTTEEPurchaser/ALLOTTEES Xxxxxxxx understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she shall may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2. The Promoter Vendor accepts no responsibility in this regardregard to matters specified in Clause 3.1 above. The ALLOTTEE Purchaser/Allottee shall keep the Promoter Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEEPurchaser/ALLOTTEES Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Purchaser/Allottee to intimate the same in writing to the Promoter Vendor immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendor shall not be responsible towards any third party making payment/payment/ remittances on behalf of any ALLOTTEE Purchaser/Allottee and such third party shall not have any right in the application/allotment of the said Designated Unit apartment applied for herein in any way and the Promoter Vendor shall be issuing the payment receipts in favour of the ALLOTTEE Purchaser/Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The ALLOTTEE/ALLOTTEESAllottee, if resident outside India, shall intimate the same in writing to the Promoter and 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 thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such necessary declarations, documents, permission, approvals which would enable the Promoter to fulfil its obligations under this Agreementapprovals, etc. Any refund, transfer or of security, if 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 lawlaw and in any event in Indian Rupees only. The ALLOTTEE/ALLOTTEES 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 shall may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. . 3.2 The Promoter accepts no responsibility in this regardregard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The ALLOTTEE Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES 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 immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE and such third party shall not have any right in the application/allotment of the said Designated Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the ALLOTTEE only.it

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The ALLOTTEE/ALLOTTEESAllottee(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 ('FEMA'), Reserve Bank of India Act,1934 Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder there under or any statutory amendments/modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment acquisition/sale/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals approval which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer or of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 FEMA or the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The ALLOTTEE/ALLOTTEES Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/he/ she shall may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time. 3.2. The Promoter accepts no responsibility in this regard. The ALLOTTEE Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE Allottee and such third party shall not have any right in the application/allotment of the said Designated Unit applied Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the ALLOTTEE Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The ALLOTTEE/ALLOTTEESAllottee, 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 and the Rules and Regulations made thereunder or any statutory amendments/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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer or of security, if 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/ALLOTTEES 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 shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. The ALLOTTEE Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment / remittances on behalf of any ALLOTTEE Allottee and such third party shall not have any right in the application/allotment of the said Designated Unit apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the ALLOTTEE Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 4.1. The ALLOTTEE/ALLOTTEESPurchaser, 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 thereunder or any statutory transferred to the Purchaser to be held by it in trust of the Association and the Purchaser will be liable to transfer such title to the Association upon its formation 7In case Association is made a party. If the circumstances do not allow the joining of Association to this Deed then the undivided proportionate title to the said land will be transferred to the Purchaser to be held by it in trust of the Association and the Purchaser will be liable to transfer such title to the Association upon its formation 8Clause will undergo changes as per the factual situation at the time of preparation of Sale Deed for its execution amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its obligations under this Agreement. Any refund, transfer or security, if provided 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/ALLOTTEES Purchaser understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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. The Promoter and the Vendor accepts no responsibility in regard to matters specified in this regardpara above. The ALLOTTEE Purchaser shall keep the Promoter and the Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES 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 immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE and such third party shall not have any right in the application/allotment of the said Designated Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the ALLOTTEE only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The ALLOTTEE/ALLOTTEESAllottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, Reserve 1999,Reserve Bank of India Act,1934 Act and the Rules and Regulations made thereunder or any statutory amendments/anystatutory 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. and provide the Promoter Promoter/ Builder/ Developer with such permission, approvals which would enable the Promoter Promoter/ Builder/ Developer to fulfil its obligations under this Agreement. Any refund, transfer or security, if provided 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. of 3.2 The ALLOTTEE/ALLOTTEES 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 shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Promoter Promoter/ Builder/ Developer accepts no responsibility in this regard. The ALLOTTEE Allottee shall keep the Promoter Promoter/ Builder/ Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Allottee to intimate the same in writing to the Promoter Promoter/ Builder/ Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Promoter/ Builder/ Developer shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE Allottee and such third party shall not have any right in the application/allotment of the said Designated Unit apartment applied for herein in any way and the Promoter Promoter/ Builder/ Developer shall be issuing the payment receipts in favour of the ALLOTTEE Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 1.1. The ALLOTTEE/ALLOTTEESAllottee, if resident outside India, shall be solely responsible for complying comply- ing with the necessary formalities as laid down in Foreign Exchange Management Act,1999Man- agement Act, 1999, Reserve Bank of India Act,1934 Act, 1934 and the Rules and Regulations Reg- ulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable en- able the Promoter to fulfil its obligations under this the Agreement. Any refund, transfer or of security, if 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 Reg- ulations of the Reserve Bank of India or any other applicable law. The ALLOTTEE/ALLOTTEES Allot- tee 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 shall may be liable for any action under the Foreign Exchange Management Manage- ment Act, 1999 or other laws as applicable, as amended applicable from time to time. 1.2. The Promoter accepts to accepts no responsibility in this regardregard to matters spec- ified in para 3.1 above. The ALLOTTEE Allottee shall keep the Promoter fully indemnified indemni- fied and harmless in this regard. Whenever there is any change in the residential resi- dential status of the ALLOTTEE/ALLOTTEES Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances remittance on behalf of any ALLOTTEE Allottee and such third party shall not have any right in the application/allotment of the said Designated Unit apartment applied for herein in any way and the Promoter shall be issuing is- suing the payment receipts in favour of the ALLOTTEE Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The ALLOTTEE/ALLOTTEESallottee(s), if resident residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999Act, 1999 (FEMA), Reserve Bank of India Act,1934 Xxxxx Xxx, 0000 (XXX Xxx) and the Rules rules and Regulations regulation made thereunder or any statutory amendments/modification(s) amendments or modifications made thereof and all other applicable laws including that of remittance of payment payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with Promoter/Ownerwith such permission, approvals approval which would enable the Promoter to Promoter/Ownerto fulfil its obligations under this Agreementagreement. Any refund, transfer or of security, if provided in terms of the Agreement agreement shall be made in accordance with the provisions of Foreign Exchange Management Act,1999 FEMA or the statutory enactments or amendments thereof and the Rules rules and Regulations regulation of the Reserve Bank of India or any other applicable law. The ALLOTTEE/ALLOTTEES allottee(s) 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 shall ; he may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time. The Promoter accepts Promoter/Owneraccepts no responsibility in this regardwith regards to matters specified herein above. The ALLOTTEE allottee(s) shall keep the Promoter fully Promoter/Ownerfully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES allottee(s), subsequent to the signing of this Agreementagreement, it shall be the sole responsibility of the ALLOTTEE allottee to intimate the same in writing to the Promoter promoter/Owners immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE and such third party shall not have any right in the application/allotment of the said Designated Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the ALLOTTEE only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The ALLOTTEEAllottee/ALLOTTEESs, 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 thereunder there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Promoter/Vendor with such permission, approvals which would enable the Promoter Promoter/Vendor to fulfil fulfill its obligations under this Agreement. Any refund, transfer or of security, if 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 ALLOTTEEAllottee/ALLOTTEES s 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 shall may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. . 3.2 The Promoter Promoter/Vendor accepts no responsibility in this regardregard to matters specified in para 3.1 above. The ALLOTTEE Allottee/s shall keep the Promoter Promoter/Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEEAllottee/ALLOTTEES s subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Allottee/s to intimate the same in writing to the Promoter Promoter/Vendor immediately and comply with necessary formalities if any under the applicable laws. The Promoter Promoter/Vendor shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE and such third party shall not have any right in the application/allotment of the said Designated Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the ALLOTTEE only.making

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 5.1. The ALLOTTEE/ALLOTTEESAllottee, 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 lndia Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Promoter Promoter/ Developer with such permission, approvals which would enable the Promoter Promoter/ Developer to fulfil fulfill its obligations under this Agreement. Any refund, transfer or of security, if provided in terms of the Agreement shall be he 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 otl1er applicable law. The ALLOTTEE/ALLOTTEES 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 of Bank of India, he/she shall may be liable for any action under the tl1e Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 5.2. The Promoter Promoter/ Developer accepts no responsibility in this regardregard to matters specified in Clause No. 5.1 above. The ALLOTTEE Allottee shall keep the Promoter Promoter/ Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES Allottee subsequent to the signing of this Agreement, . it shall be the sole responsibility of the ALLOTTEE Allottee to intimate the same in writing to the Promoter Promoter/ Developer immediately and comply with necessary formalities if any under the applicable laws. , The Promoter Promoter/ Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any ALLOTTEE Allottee and such third party shall not have any right in the application/allotment of the said Designated Unit apartment applied for herein in any way and the Promoter Promoter/ Developer shall be issuing the payment receipts in favour of the ALLOTTEE Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The ALLOTTEE/ALLOTTEESAllottee(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 thereunder or any statutory amendments/amendments/ modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer or of security, if 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/ALLOTTEES understands Allottee(s) understand(s) and agrees agree(s) that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she shall she/they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. . 3.2 The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. The ALLOTTEE Allottee(s) shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any ALLOTTEE Allottee(s) and such third party shall not have any right in the application/allotment of the said Designated Unit Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the ALLOTTEE Allottee(s) only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The ALLOTTEE/ALLOTTEESPurchasers, 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 and the Rules and Regulations made thereunder or any statutory amendments/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. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfil fulfill its obligations under this Agreement. Any refund, transfer or of security, if 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/ALLOTTEES Purchasers 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 shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Promoter Developer accepts no responsibility in this regard. The ALLOTTEE Purchasers shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES Purchasers subsequent to the signing of this Agreement, it shall be the sole responsibility of the ALLOTTEE Purchasers 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 Purchasers and such third party shall not have any right in the application/allotment of the said Designated Unit Flat applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the ALLOTTEE Purchasers only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The ALLOTTEE/ALLOTTEES, 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 thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Owner with such permission, approvals which would enable the Promoter Owner to fulfil its obligations under this Agreement. Any refund, transfer or security, if provided 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/ALLOTTEES 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 shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Promoter Owner accepts no responsibility in this regard. The ALLOTTEE shall keep the Promoter owner fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the ALLOTTEE/ALLOTTEES 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 Owner immediately and comply with necessary formalities if any under the applicable laws. The Promoter Owner shall not be responsible towards any third third-party making payment/remittances on behalf of any ALLOTTEE and such third party shall not have any right in the application/allotment of the said Designated Unit applied for herein in any way and the Promoter Owner shall be issuing the payment receipts in favour of the ALLOTTEE only.