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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 356 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder or any statutory amendment(s) modification(s) made thereof hereof and all other applicable laws laws, including that of remittance of payment 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 fulfill its obligations under this the Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 Allottees 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 party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee only.

Appears in 31 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign foreign Exchange Management Act, 1999, 1999 Reserve Bank of India Act and Rules and Regulations made thereunder 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. and provide the Promoter promoter with such permission, permission approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, refund transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign foreign Exchange Management Act, 1999 or statutory enactments or amendments amendment thereof and the Rules and Regulations of the Reserve Bank of 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 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 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 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 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 apartment applied for herein in any way and the Promoter shall Shall be issuing the payment receipts in favour of the Allottee only.

Appears in 17 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management ActAct , 19991999 , Reserve Bank of India Act and Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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/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 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 third-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/application / allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 13 contracts

Samples: Agreementforsale, Agreement for Sale, Agreementforsale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. , and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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. 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 11 contracts

Samples: See Rule 91 Agreement for Sale, See Rule 91 Agreement for Sale, See Rule 91 Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder or any statutory amendment(s) modification(s) made thereof hereof and all other applicable laws laws, including that of remittance of payment Payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this the Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottees 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 10 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeALLOTTEE/ALLOTTEES, 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 Act,1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 fulfill fulfil its obligations under this Agreement. Any refund, transfer of or 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 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 ALLOTTEE shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee ALLOTTEE/ALLOTTEES 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 on behalf of any Allottee ALLOTTEE and such third party shall not have any right in the application/allotment of the said apartment Designated Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee ALLOTTEE only.

Appears in 9 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable 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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations 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 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 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/application/ allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 7 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 shall be liable for any action under the Foreign Exchange Management ActManagementAct, 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 6 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 5 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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/ Developer with such permission, approvals which would enable the Promoter Vendor/ Developer to fulfill its obligations under this Agreement. Any refund, transfer of 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 understands and agrees 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. The Promoter Vendor/ Developer accepts no responsibility in this regard. The regard and the Allottee shall keep the Promoter Vendor/ 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 Vendor/ Developer immediately and comply with necessary formalities if any under the applicable lawsApplicable Laws. The Promoter Vendor/ Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Vendor/ Developer shall be issuing the payment receipts in favour of the Allottee only.

Appears in 5 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules theRules 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 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 andharmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing thesigning of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter thePromoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not shallnot be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party thirdparty shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter thePromoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 5 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser, 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 thereunder 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. and provide the Promoter Vendor with such permission, approvals which would enable the Promoter Vendor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 Vendor accepts no responsibility in this regard. The Allottee Purchaser shall keep the Promoter Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser 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/remittances on behalf of any Allottee Purchaser and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Vendor shall be issuing the payment receipts in favour of the Allottee Purchaser only.

Appears in 4 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 4 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident residents outside India, 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 thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/acquisition/ sale / transfer of immovable properties in India etc. and And provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 shall be liable for any action under the Foreign Exchange Management Act, 1999 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 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/payment / remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.

Appears in 3 contracts

Samples: Annexure 'A', Annexure 'A', A'

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign foreign Exchange Management Act, 1999, 1999 Reserve Bank of India Act and Rules and Regulations made thereunder 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. and provide the Promoter promoter with such permission, permission approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. .Any refund, refund transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign foreign Exchange Management Act, 1999 or statutory enactments or amendments amendment thereof and the Rules and Regulations of the Reserve Bank of Of India or any other applicable law. The Allottee understands and agrees that in the event 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. The Promoter accepts no responsibility in this regard. The Allottee shall keep the Promoter 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 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 promoter shall not be responsible towards any third party thirdparty making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall Shall be issuing the payment receipts in favour of the Allottee only.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident residence 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 Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder there under or any statutory amendment(s) 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 fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations Regulation 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/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 or other laws as applicable, as amended from time to time. The Promoter accepts no responsibility in this regardregard to matters specified in Para 3.1 above. 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 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 Promoters immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter 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 apartment applied Apartment apply for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 3 contracts

Samples: 202.61.117.163, 202.61.117.163, 202.61.117.163

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident residence 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 Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer 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 statutory enactments or amendments thereof and the Rules and Regulations Regulation 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/his/ her part to 2 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. The Promoter accepts no responsibility in this regardregard to matters specified in Term 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole solve responsibility of the Allottee to intimate the same in writing to the Promoter Promoters 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 apartment applied Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, rera.rajasthan.gov.in

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 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. The Promoter accepts no responsibility in this regard. regard to matters specified in para 3.1 above, 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee(s) , 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 thereunder 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. and provide the Promoter Vendors/Developer with such permission, approvals which would enable the Promoter Vendors/Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottee(s) understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines guide lines 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 Vendors/Developer accepts no responsibility in this regard. The Allottee Allottee(s) shall keep the Promoter Vendors/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendors/Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendors/Developer shall not be responsible towards any third 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 apartment Flat & Parking applied for herein here in any way and the Promoter Vendors/Developer shall be issuing the payment receipts in favour favor of the Allottee Allottee(s) only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee(s), 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 thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any , any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottee(s) understands and agrees that in the event of any failure on his/her her/their/its part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/they/it 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 regardregard to matters specified hereinabove. 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 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 third-party making payment/remittances on behalf of any Allottee the Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment Said Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee Allottee(s) only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser, 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 thereunder 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. 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 provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 Purchaser shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser 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 Purchaser and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Purchaser only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 Developer with such permission, approvals which would enable the Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of 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 understands and agrees 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. The Promoter Developer accepts no responsibility in this regard. The regard and 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 lawsApplicable Laws. The Promoter Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment [Apartment/Flat] applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeThat It is abundantly made clear that in respect of all remittances, acquisition/transfer of the said Unit it shall be the sole responsibility of the Vendee, if resident outside India, shall be solely responsible for complying India to comply with the necessary formalities as laid down in provisions of Foreign Exchange Management Act, 1999, 1999 or any other statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India Act and Rules and Regulations made thereunder or other Applicable Laws or any statutory amendment(s) modification(s) made thereof amendments thereof, and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and will provide the Promoter Vendor/Developer with such permissionpermissions, approvals which would enable the Promoter Vendor/Developer to fulfill fulfil its obligations obligations, if any under this Unit Buyer's Agreement. Any refund, transfer of security, security if provided in terms of the Unit Buyer's Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules rules and Regulations regulations of the Reserve Bank of India or any other applicable lawApplicable Law, statutory provisions and amendment thereof. The Allottee understands and agrees that That in the event of any failure on on, his/her her/their part to comply with the applicable guidelines prevailing Exchange Control Guidelines issued by the Reserve Bank of India, he/she she/they 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 Vendee further represents and undertakes to comply with all legal requirements for the purchase of immovable property, whenever applicable after execution of the Unit Buyers Agreement herein and sign all applications, forms for the said purpose The Vendee shall keep the Vendor/Developer fully indemnified and harmless in this regard. The Allottee shall keep the Promoter fully indemnified and harmless Vendor/Developer accepts no responsibility in this regard. Whenever there is any change in the residential status of the Allottee Vendee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Vendee agrees 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee onlythrough registered post.

Appears in 2 contracts

Samples: Unit Buyers Agreement, Unit Buyers Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee(s), 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 thereunder 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. ., and provide the Promoter Vendors/Developer with such permission, approvals which would enable the Promoter Vendors/Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottee(s) understands and agrees that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/they 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 Vendors/Developer accepts no responsibility in this regard. The Allottee Allottee(s) shall keep the Promoter Vendors/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendors/Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendors/Developer shall not be responsible towards any third 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 apartment Apartment applied for herein in any way anyway and the Promoter Vendors/Developer shall be issuing the payment receipts in favour of the Allottee Allottee(s) only.

Appears in 2 contracts

Samples: Agreement of Sale, Agreement of Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee(s), 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 thereunder 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. and provide the Promoter Vendor with such permission, approvals which would enable the Promoter Vendor to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 Vendor accepts no responsibility in this regard. The Allottee Allottee(s) shall keep the Promoter Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendor immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendor shall not be responsible towards any third Third party making payment/payment/ remittances on behalf of any Allottee Allottee(s) and such third party shall not have any right in the application/application/ allotment of the said apartment applied for herein in any way anyway and the Promoter Vendor shall be issuing the payment receipts in favour of the Allottee Allottee(s) only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreementforsale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/Purchaser, 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 thereunder 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. 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 provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottee/Xxxxxxxxx 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 Allottee/Purchaser shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottee/Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee/Purchaser 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/payment/ remittances on behalf of any Allottee Allottee/Purchaser and such third party shall not have any right in the application/allotment of the said apartment Flat/Unit applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Allottee/ Purchaser only.

Appears in 2 contracts

Samples: Memorandum of Agreement, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottees, 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 Seller with such permission, approvals which would enable the Promoter Seller to fulfill its obligations under this Agreement. Any refund, transfer of 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 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. The Promoter Seller accepts no responsibility in this regard. The Allottee regard and the Allottees shall keep the Promoter Seller 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 Allottees to intimate the same in writing to the Promoter Seller immediately and comply with necessary formalities if any under the applicable lawsApplicable Laws. The Promoter Seller shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee Allottees and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Seller shall be issuing the payment receipts in favour of the Allottee Allottees only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident of 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Buyer Agreement, Buyer Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of 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 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. 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 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/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/s, 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 thereunder 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. and provide the Vendor/Promoter with such permission, approvals which would enable the Vendor/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Vendor/Promoter accepts no responsibility in this regard. The Allottee Allottee/s shall keep the Vendor/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendor/Promoter immediately and comply with necessary formalities if any under the applicable laws. The Vendor/Promoter shall not shallnot 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 apartment applied for herein in any way and the Vendor/Promoter shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser, 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 thereunder 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. and provide the Promoter Vendors with such permission, approvals which would enable the Promoter Vendors to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 timetotime. The Promoter Vendors accepts no responsibility in this regard. The Allottee Purchaser shall keep the Promoter Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendors shall not be responsible towards any third party making payment/remittances on behalf of any Allottee Purchaser and such third party shall not have any right in the application/allotment of the said apartment Shop/ Office / Godown / Commercial / Semi - Commercial Complex applied for herein in any way and the Promoter Vendors shall be issuing the payment receipts in favour favor of the Allottee Purchaser only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee(s), if resident outside India, shall be solely responsible for complying with the necessary formalities as laid aslaid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act and Rules and Regulations made thereunder 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. and provide the Landowners/Vendors and the Developer/Promoter with such permission, approvals which would enable the Landowners/Vendors and the Developer/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Landowners/Vendors and the Developer/Promoter accepts no responsibility in this regard. The Allottee Allottee(s) shall keep the Landowners /Vendors and the Developer/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Landowners/Vendors and the Developer/Promoter immediately and comply with necessary formalities if any under the applicable laws. The Landowners/Vendors and the Developer/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 apartment applied for herein in any way and the Landowners/Vendors and the Developer/Promoter shall be issuing the payment receipts in favour of the Allottee Allottee(s) only.

Appears in 2 contracts

Samples: 202.61.117.163, 202.61.117.163

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/Transferee, 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 thereunder 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. and provide the Promoter Promoter/Transferor with such permission, approvals which would enable the Promoter Promoter/Transferor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottee/Transferee 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/Transferor accepts no responsibility in this regard. The Allottee Allottee/Transferee shall keep the Promoter Promoter/Transferor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottee/Transferee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee/Transferee to intimate the same in writing to the Promoter Promoter/Transferor immediately and comply with necessary formalities if any under the applicable laws. The Promoter Promoter/Transferor shall not be responsible towards any third party making payment/remittances on behalf of any Allottee Allottee/Transferee and such third party shall not have any right in the application/allotment of the said apartment applied for herein Plot in any way and the Promoter Promoter/Transferor shall be issuing the payment receipts in favour of the Allottee Allottee/Transferee only.

Appears in 2 contracts

Samples: Agreement for Sale Cum Assignment, Agreement for Sale Cum Assignment

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to Allotteeto 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchasers, 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 thereunder 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. 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 provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 Purchaser/s and such third party shall not have any right in the application/allotment of the said apartment Flat applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Purchasers only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 fulfill its obligations under this Agreement. , Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 ActFEMA, 1999, the Reserve Bank of India Act Act, 1934 and Rules the rules and Regulations regulations made thereunder or any statutory amendment(s) amendment(s)/ modification(s) made thereof and all other applicable laws Applicable Laws, including that of remittance of payment acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter Sellers with such permission, approvals which would enable the Promoter Sellers to fulfill its fulfil their obligations under this Agreement. Any refund, transfer 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 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 shall she/it 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 Sellers accepts no responsibility with regard to matters specified in this regardClause 3.1 above. The Allottee shall keep the Promoter Sellers 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 Sellers immediately and comply with necessary formalities formalities, if any any, under the applicable lawsApplicable Laws. The Promoter Sellers shall not be responsible towards any third party making payment/payment/ remittances on behalf of any the Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein Apartment in any way and the Promoter Sellers 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.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee / Purchaser, 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 Owner / Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this this, Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 / Xxxxxxxxx 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. The Owner / Promoter accepts no responsibility in this regardregard to matters specified in clause 3.1 above. The Allottee / Purchaser shall keep the Owner / Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee / Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee / Purchaser to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Owner / Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee / Purchaser and such third party shall not have any right in the application/allotment of the said apartment Unit / Apartment applied for herein in any way and the Owner / Promoter shall be issuing the payment receipts in favour of the Allottee / Purchaser only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Rulesand Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees andagrees 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 ActManagementAct, 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/s, 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 thereunder 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. and provide the Vendor/Promoter with such permission, approvals which would enable the Vendor/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Vendor/Promoter accepts no responsibility in this regard. The Allottee Allottee/s shall keep the Vendor/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendor/Promoter immediately and comply with necessary formalities if any under the applicable laws. The Vendor/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 apartment applied for herein in any way and the Vendor/Promoter shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottees, 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 Owners/Promoters with such permission, approvals which would enable the Promoter Owners/Promoters to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 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. The Promoter Owners/Promoters accepts no responsibility in this regardregard to matters specified in Clause 3.1 above. The Allottee Allottees shall keep the Promoter Owners/Promoters 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 Allottees to intimate the same in writing to the Promoter Owners/Promoters immediately and comply with necessary formalities if any under the applicable laws. The Promoter Owners/Promoters shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee Allottees and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Owners/Promoters shall be issuing the payment receipts in favour of the Allottee Allottees only.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee(s), 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 thereunder 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. and provide the Promoter Vendor/Developer with such permission, approvals which would enable the Promoter Vendor/Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottee(s) understands and agrees that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/they 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 Vendor/Developer accepts no responsibility in this regard. The Allottee Allottee(s) shall keep the Promoter Vendor/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendor/Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendor/Developer shall not be responsible towards any third 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 apartment Apartment applied for herein in any way anyway and the Promoter Vendor/Developer shall be issuing the payment receipts in favour of the Allottee Allottee(s) only.

Appears in 1 contract

Samples: Agreement of Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser, 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 Purchaser shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser 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 Purchaser and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee Purchaser only.

Appears in 1 contract

Samples: Agreement to Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder there under or any statutory amendment(s) modification(s) made thereof hereof and all other applicable laws laws, including that of remittance of payment Payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this the Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottees 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide provides the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder or any statutory amendment(samendment (s) modification(smodification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter Promoter/ Owner with such permission, approvals which would enable the Promoter Promoter/ Owner to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/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/ Owner accepts no responsibility in this regard. The Allottee shall keep the Promoter Promoter/ Owner 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 Promoter/ Owner immediately and comply with necessary formalities if any under the applicable laws. The Promoter Promoter/ Owner shall not be responsible towards any third party Third Party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/application/ allotment of the said apartment applied for herein in any way anyway and the Promoter Promoter/ Owner shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management ActAct , 19991999 , Reserve Bank of India Act and Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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/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 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/application / allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreementforsale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in Clause 3.1 above. 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 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/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. , and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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. regard The Allottee shall Allotteeshall keep the Promoter fully Promoterfully 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 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 allotmentofthe said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: See Rule 91 Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Purchaser/ Allottee, if resident residing 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) amendments/ modification(s) made thereof hereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approvals which would enable the Developer/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 Purchaser/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 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. The Developer/Promoter accepts no responsibility in this regard. The Purchaser/Allottee shall keep the Developer/Promoter and the Owners fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Purchaser/Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Developer/Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Purchaser/Allottee and such third party shall not have any right in the application/application/ allotment of the said apartment applied for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour of the Purchaser/Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter Owners/Promoters with such permission, approvals which would enable the Promoter Owners/Promoters to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable lawlaw for the time being in force. 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 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 Owners/Promoters through the Project Attorney accept no responsibility in this regard. The Allottee shall keep the Promoter Owners/Promoters 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 Owners/Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter Owners/Promoters 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 apartment applied for herein in any way and the Promoter Owners/Promoters shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. .Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory 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 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 accepts no responsibility in this regard. The Allottee shall keep the Promoter and the Owners 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 immediately and comply with necessary formalities if any under the applicable laws. .The Promoter 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 allotment/agreement of the said apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Draft for Approval Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management ActAct , 19991999 , Reserve Bank of India Act and Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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/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 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 third- party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/application / allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

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COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 and Rules and Regulations made thereunder there under or any statutory amendment(s) modification(s) made thereof there of 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/Developer with such permission, approvals which would enable the Promoter Owner/Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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/Developer accepts no responsibility in this regard. The Allottee shall keep the Promoter Owner/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 Owner/Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Owner/Developer 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 apartment applied for herein in any way anyway and the Promoter Owner/Developer shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 party shall not have any right in the application/allotment of the said apartment Flat/Apartment applied for herein in any way and the Promoter theDeveloper shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/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 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/application/ allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter Assignor with such permission, approvals which would enable the Promoter Assignor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 Assignor accepts no responsibility in this regard. The Allottee shall keep the Promoter Assignor 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 Assignor immediately and comply with necessary formalities if any under the applicable laws. The Promoter Assignor 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 apartment applied for herein in any way and the Promoter Assignor shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Assignment

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser, 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 thereunder 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. and provide the Promoter Vendor and Developer with such permissionpermissions, approvals which would enable the Promoter Vendor and Developer to fulfill its their obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Purchaser understands and agrees that in the event of any failure on his/her her/their/its 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 and Vendor accepts no responsibility in this regard. The Allottee Purchaser shall keep the Promoter Developer and Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser to intimate the same in writing to the Promoter Vendor/Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee Purchaser and such third party shall not have any right in the application/allotment of the said apartment flat and _ _ ( _ ) Medium size four- xxxxxxx open/covered parking space applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Purchaser only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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/ Developer with such permission, approvals which would enable the Promoter Vendor/Developer to fulfill its obligations under this Agreement. Any refund, transfer of 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 understands and agrees that in the event of any failure on his/his her their part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she shall 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. The Promoter Vendor/ Developer accepts no responsibility in this regard. The regard and the Allottee shall keep the Promoter Vendor/ Developer fully indemnified and harmless in this regard. 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 Vendor/Developer immediately and comply with necessary formalities if any under the applicable lawsApplicable Laws. The Promoter Vendor Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/application allotment of the said apartment applied for herein in any way and the Promoter Vendor/ Developer shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser, 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 thereunder or any statutory amendment(sanystatutoryamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/saleacquisitiorrsale/transfer of immovable properties in India etc. and provide the Promoter Vendor with such permission, approvals which would enable the Promoter Vendor to fulfill its obligations under this Agreement. Any refundAnyrefund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 Vendor accepts no responsibility in this regard. The Allottee Purchaser shall keep the Promoter Vendor fully indemnified and harmless in this regard. Whenever there is any change anychange in the residential status of the Allottee Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of responsibilityof the Allottee Purchaser 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/remittances on behalf of any Allottee Purchaser and such third party shall partyshall not have any right anyright in the application/allotment applicatiorrallotment of the said apartment applied for herein in any way and xxxxxx the Promoter Vendor shall be issuing the payment receipts in favour of the Allottee Purchaser only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, . 1999 or 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 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 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 remittance on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder there under or any statutory amendment(s) modification(smodification (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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeThird Party / Purchasers herein, if resident outside of India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Foreing Exchange Management Act, 1999, Reserve Bank of India Act and Rules and Regulations made thereunder there under or any statutory amendment(s) or modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/acquistion or sale or transfer of immovable properties in India etc. and provide the Promoter Second Party / Developer herein with such permission, approvals which would enable the Promoter Second Party / Developer herein to fulfill fulfil its obligations under this AgreementAgreement For Sale. Any refund, transfer of security, if provided in terms of the this Agreement For Sale shall be made in accordance with the provisions provision of Foreign Foreing Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands Third Party / Purchasers herein understand and agrees that in the event of any failure on his/her the Third Party / Purchasers herein part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she the Third Party / Purchasers herein shall be liable for any action under the Foreign Foreing Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Promoter Second Party / Developer herein accepts no responsibility in this regard. The Allottee Third Party / Purchasers herein shall keep the Promoter Second Party / Developer herein fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Third Party / Purchasers herein subsequent to the signing of this AgreementAgreement For Sale, it shall be the sole responsibility of the Allottee Third Party / Purchasers herein to intimate the same in writing writting to the Promoter Second Party / Developer herein immediately and comply with necessary formalities if any under the applicable laws. The Promoter Second Party / Developer herein shall not be responsible towards any third party making payment/payment / remittances on behalf of any Allottee of the Third Party / Purchasers herein and such third party shall not have any right in the application/application / allotment of the said apartment one Flat and the said under roof one Car Parking Space applied for herein in any way and the Promoter Second Party / Developer herein shall be issuing the payment receipts in favour of the Allottee Third Party / Purchasers herein only.

Appears in 1 contract

Samples: 202.61.117.163

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteeAllottee,(s), if resident residenceresides outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 19991999 ('FEMA'),, Reserve Bank of India Act Act, 1934 ('RBI' Act) and the Rules and Regulations RegulationRegulations made thereunder thereunderthere under or any statutory amendment(samendments or modificationsamendment(s) modification(s) made thereof and all other othersother 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 approvalapprovals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign FEMA orForeign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations RegulationRegulations of the Reserve Bank of India or any other applicable law. The Allottee understands understands(s) understand/s and agrees agreesagree/s 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 FEMAthe Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Promoter accepts no responsibility inshall not be responsible with regard to matters specified in this regardTermArticle 3.1 above. The Allottee Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardregardsregard. Whenever there is any change in the residential status of the Allottee 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 PromotersPromoter immediately and comply with necessary formalities formalities, if any any, under the applicable laws. The Promoter shall not 3.2 be responsible towards any third party making payment/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 apartment Apartment/ Plot applyUnit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favorfavour of the Allottee Allottee(s) only.

Appears in 1 contract

Samples: rera.rajasthan.gov.in

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder or any statutory amendment(s) modification(s) made thereof hereof and all other applicable laws laws, including that of remittance of payment 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 fulfill its obligations under this the Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 Allottees 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 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 apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee / Purchaser, 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 fulfill its obligations under this this, Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 / Xxxxxxxxx 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. The Promoter accepts no responsibility in this regardregard to matters specified in clause 3.1 above. The Allottee / Purchaser shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee / Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee / Purchaser 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 / Purchaser and such third party shall not have any right in the application/allotment of the said apartment Unit / Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee / Purchaser only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottee(s), 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 thereunder 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. and provide the Vendors/Promoter with such permission, approvals which would enable the Vendors/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Vendors/Promoter accepts no responsibility in this regard. The Allottee Allottee(s) shall keep the Vendors/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendors/Promoter immediately and comply with necessary formalities if any under the applicable laws. The Vendors/Promoter shall not be responsible towards any third Third party making payment/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 apartment applied for herein in any way and the Vendors/Promoter shall be issuing the payment receipts in favour of the Allottee Allottee(s) only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeThat It is abundantly made clear that in respect of all remittances, acquisition/transfer of the said Unit it shall be the sole responsibility of the Vendee, if resident outside India, shall be solely responsible for complying India to comply with the necessary formalities as laid down in provisions of Foreign Exchange Management Act, 1999, 1999 or any other statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India Act and Rules and Regulations made thereunder or other Applicable Laws or any statutory amendment(s) modification(s) made thereof amendments thereof, and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and will provide the Promoter Vendor/Developer with such permissionpermissions, approvals which would enable the Promoter Vendor/Developer to fulfill its obligations obligations, if any under this Unit Buyer's Agreement. Any refund, transfer of security, security if provided in terms of the Unit Buyer's Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules rules and Regulations regulations of the Reserve Bank of India or any other applicable lawApplicable Law, statutory provisions and amendment thereof. The Allottee understands and agrees that That in the event of any failure on on, his/her her/their part to comply with the applicable guidelines prevailing Exchange Control Guidelines issued by the Reserve Bank of India, he/she she/they 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 Vendee further represents and undertakes to comply with all legal requirements for the purchase of immovable property, whenever applicable after execution of the Unit Buyers Agreement herein and sign all applications, forms for the said purpose The Vendee shall keep the Vendor/Developer fully indemnified and harmless in this regard. The Allottee shall keep the Promoter fully indemnified and harmless Vendor/Developer accepts no responsibility in this regard. Whenever there is any change in the residential status of the Allottee Vendee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Vendee agrees 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee onlythrough registered post.

Appears in 1 contract

Samples: Buyers Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 subsequent Allotteesubsequent 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 allotment/agreement of the said apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. payable at 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/s, 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 thereunder 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. and provide the Vendors/Promoter with such permission, approvals which would enable the Vendors/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Vendors/Promoter accepts no responsibility in this regard. The Allottee Allottee/s shall keep the Vendors/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Vendors/Promoter immediately and comply with necessary formalities if any under the applicable laws. The Vendors/Promoter shall not be DRAFT SAMPLE Page No. 12 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 apartment applied for herein in any way and the Vendors/Promoter shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

Appears in 1 contract

Samples: Agreement of Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser, 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 Bankof India Act and Rules and Regulations made thereunder there under or any statutory amendment(s) modification(samendment(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/ Vendors with such permission, approvals which would enable the Promoter Developer/ Vendors to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided ifprovided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Rulesand Regulations of the Reserve Bank of India or any other applicable law. The Allottee Purchaser understands and agrees that in the event of any failure on his/her part to comply with the applicable theapplicable guidelines issued by the Reserve Bank of India, he/she shall be liable for any action under actionunder the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from amendedfrom time to time. The Promoter accepts Developer and Vendors accept no responsibility in this regard. The Allottee Purchaser shall keep the Promoter Developer and Vendors fully indemnified and harmless in this regard. Whenever there Wheneverthere is any change in the residential status of the Allottee Purchaser subsequent to the signing of this ofthis Agreement, it shall be the sole responsibility of the Allottee Purchaser to intimate the same in writing inwriting to the Promoter Developer and Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer and Vendors shall not be responsible towards any third party making payment/remittances on behalf of any Allottee Purchaser and such third suchthird party shall not have any right in the application/allotment of the said apartment Shop/ Office /Godown / Back Office/Commercial / Semi - Commercial / mix use Complex applied for herein forherein in any way and the Promoter Developer shall be issuing the payment receipts in favour favor of the Allottee thePurchaser only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any ' refund, transfer of 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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 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 and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteePurchaser/s, 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 thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/acquisition sale/transfer of immovable properties in India etc. and provide the Promoter Vendor & Developer with such permission, approvals which would enable the Promoter Vendor & Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee Purchaser/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 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 Vendor & Developer accepts no responsibility in this regard. The Allottee Purchaser/s shall keep the Promoter Vendor & Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser/s to intimate the same in writing to the Promoter Vendor & Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendor & Developer shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee Purchaser/s and such third party shall not have any right in the application/application allotment of the said apartment applied for herein in any way and the Promoter Vendor & Developer shall be issuing the payment receipts in favour of the Allottee Purchaser/s only.

Appears in 1 contract

Samples: Agreement for Sell

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in Clause 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential their side initial 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 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 and such third party shall not have any right in the application/allotment of the said apartment Flat applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident residence 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 Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations Regulation 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/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 or other laws as applicable, as amended from time to time. XXXXXXX XXXXXXXX BUILDCON LLP Partner For Represented as Constituted Attorney on behalf of Om Xxxxxxx Xxxxxxxx = 11 = The Promoter accepts no responsibility in this regardregard to matters specified in Para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the bethe sole responsibility of the Allottee to intimate the same in writing to the Promoter Promoters 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 apartment Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.

Appears in 1 contract

Samples: 202.61.117.163

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder or any statutory amendment(samendment (s) modification(smodification (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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 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/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of 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 understands and agrees 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. The Promoter Vendor accepts no responsibility in this regard. The regard and the Allottee shall keep the Promoter Vendor 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 Vendor immediately and comply with necessary formalities if any under the applicable lawsApplicable Laws. The Promoter Vendor shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Vendor shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 Commercial 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 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 apartment Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: 202.61.117.163

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 agree that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she she/they 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Rules and Regulations made thereunder or any statutory amendment(s) modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment for acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Actand Rules and Regulations made thereunder 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 transferof 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 provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules theRules 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 shall be liable for any action under the underthe 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 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 Allotteeto 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 party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee onlyonly .

Appears in 1 contract

Samples: 202.61.117.163

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in the Foreign Exchange Management Act, 1999, Reserve Bank of India Act Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) modification(s) amendments and/or modifications made thereof and all other applicable laws including that of remittance of payment payment, acquisition/sale/, sale and/or transfer of immovable properties in India etc. and provide the Promoter with such permission, permissions and/or approvals which would enable the Promoter to fulfill its fulfil their obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of the 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 shall may be liable at its own cost and expense, 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 regardregard to matters specified in para 3.1 above. 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 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 the necessary formalities formalities, if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payments or remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein Apartment hereby being agreed to be sold in any way and the Promoter shall be issuing issue the payment receipts in favour of the Allottee only and any charges for default and/or dishonour shall be the liability and responsibility of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The AllotteeAllottees, 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 thereunder or any statutory amendment(s) modification(s) made thereof hereof and all other applicable laws laws, including that of remittance of payment Payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this the Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or 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 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 Allottees 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 Allottees 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 Allottees and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee Allottees only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 19991999 ('FEMA'), Reserve Bank of India Act Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendment(s) amendments or modification(s) made thereof and all other 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 fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations Regulation 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. 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 Promoters 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 apartment Apartment/ Flat applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.

Appears in 1 contract

Samples: Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/s, 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 Developer with such permission, approvals which would enable the Promoter Developer to fulfill fulfil its obligations under this Agreement. Any refund, transfer of 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 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 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 regardregard to matters specified in para 3.1 above. The Allottee Allottee/s shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee 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 Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer shall not be responsible towards any third third-party making payment/remittances remittance on behalf of any Allottee Allottee/s and such third party shall not have any right in the application/allotment of the said apartment Apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/s, 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 Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendment(s) 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 fulfill its obligations under this Agreement. Any refund, transfer of 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 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 may 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/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 Allottee 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 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 remittance on behalf of any Allottee Allottee/s and such third party shall not have any right in the application/allotment of the said apartment Unit applied for herein in any way and the Promoter Promoter/Vendor shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

Appears in 1 contract

Samples: Agreement for Sale (Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid la id down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act and Rules and Regulations made thereunder or any statutory amendment(samendment( s) modification(smodification( s) made thereof and all other applicable laws including that of remittance of payment acquisition/acquisition/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its it s obligations under this Agreement. Any refund, transfer t ransfer of securitysecurit y, if provided in terms of the Agreement shall be made mad e in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof t hereof and the Rules and Regulations of the t he Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the t he 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 be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time t ime to timet ime. 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 subsequent to the signing of this AgreementAgree ment, it shall be the sole responsibility of the Allottee to intimate int imate 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 third- party making payment/remittances on behalf of any Allottee and such third party shall not have any right r ight in the application/t he application/ allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee/s, 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 thereunder 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. and And provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 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 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 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 Act, 1934 and the Rules and Regulations made thereunder 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. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of 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 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. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1 above. 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The Allotteeallottee(s), if resident residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 19991999 (FEMA), Reserve Bank of India Act Xxxxx Xxx, 0000 (XXX Xxx) and Rules the rules and Regulations regulation made thereunder or any statutory amendment(s) 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 fulfill Promoter/Ownerto fulfil its obligations under this Agreementagreement. Any refund, transfer 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 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 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 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 apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

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

Appears in 1 contract

Samples: Agreement for Sale

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