COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 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’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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The 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’s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’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’s only.
Appears in 6 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 fulfil 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’s 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 she/they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 . The Promoter Vendor/ Developer accepts no responsibility in this regard to matters specified in para 3.1 above. The Allottee’s 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’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 6 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 5 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 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’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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The 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’s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s and such third party shall not have any right in the application/allotment of the said apartment Duplex / Row House applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s only.
Appears in 5 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 (3.1.) 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, 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/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its his 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. .
(3.2.) The Allottee’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 (3.3.) The Promoter accepts no responsibility in is held irresponsible with regard to matters condition specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities formalities, if any any, under the applicable laws. .
(3.4.) The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee and such third party shall not have any right in the application/allotment of the said apartment Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 1934 Act 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 payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the this 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/she may 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 regard to matters specified in para 3.1 abovethis regard. The Allottee’s allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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 the any Allottee’s 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’s Allottee only.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 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 fulfil 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’s 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 of Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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 shall be issuing the payment receipts in favour of the Allottee’s Allottee(s) only.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. 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, 1999Act,1999 ('FEMA'), Reserve Bank of India 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 without limitation those relating to payment remittance, acquisition/sale/, sale and transfer of immovable properties in India etc. and provide the Promoter Promoters with such permission, permissions and/or approvals which would enable the Promoter Promoters to fulfil 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 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Promoters accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep each of the Promoter Promoters fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Developer immediately and comply with the necessary formalities formalities, if any any, under the applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/payments or remittances on behalf of any Allottee’s 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 Developer shall be issuing issue the payment receipts in favour of the Allottee’s Allottee only.
Appears in 4 contracts
Samples: Agreement for Sale, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1.3.1 The Allottee’sAllottee,(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, 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 fulfil 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’s understands Allottee 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 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.
3.2 3.2.3.2 The Promoter accepts no responsibility in inshall not be responsible with regard to matters specified in para TermArticle 3.1 above. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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 be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment Apartment applyUnit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favorfavour of the Allottee’s Allottee(s) only.
Appears in 4 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act 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 PROMOTER/ DEVELOPER with such permission, approvals which would enable the Promoter PROMOTER/ DEVELOPER to fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 PROMOTER/ DEVELOPER and the Owner accept no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter PROMOTER/ DEVELOPER and the Owner fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter PROMOTER/ DEVELOPER immediately and comply with necessary formalities if any under the applicable laws. The Promoter PROMOTER/ DEVELOPER and the Owner shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s the Allottee and such third party shall not have any right in the application/allotment of the said apartment Country Home applied for herein in any way and the Promoter PROMOTER/ DEVELOPER shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 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’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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The 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’s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s and such third party shall not have any right in the application/allotment of the said apartment Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s only.
Appears in 4 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 (3.1.) 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, 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 fulfil its fulfilhis 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. .
(3.2.) The Allottee’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 (3.3.) The Promoter accepts no responsibility in is held irresponsible with regard to matters condition specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities formalities, if any any, under the applicable laws. .
(3.4.) The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee and such third party shall not have any right in the application/allotment of of
(3.5.) the said apartment Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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 favor of the Allottee’s Allottee only.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(s), if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable laws. .
3.3 The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment applied for herein Unit in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee(s) only.
Appears in 3 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 fulfil 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’s Allottee understands and agrees and undertakes 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 3 contracts
Samples: Plot Buyer Agreement, Plot Buyer Agreement, Plot Buyer Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, if resident residence 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, 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 Vendor/Developer to fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Vendor/Developer accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter Vendor/Developer fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Vendor/Developers immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Vendor/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee and such third party shall not have any right in the application/allotment of the said apartment applied Apartment/ Unit apply for herein in any way and the Promoter Vendor/Developer shall be issuing the payment receipts in favour favor of the Allottee’s Allottee only.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 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 fulfil 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’s understands Allottee(s) understand(s) and agrees agree(s) 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para para
3.1 above. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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 shall be issuing the payment receipts in favour of the Allottee’s Allottee(s) only.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 3 contracts
Samples: Agreement for Sale, Agreement for Sale, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 CGEWHO with such permission, approvals which would enable the Promoter CGEWHO to 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’s 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 she/they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter CGEWHO accepts no responsibility in regard to matters specified in para Clause 3.1 above. The Allottee’s Allottee shall undertake to keep the Promoter CGEWHO fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter CGEWHO immediately and comply with necessary formalities if any under the applicable laws. The Promoter CGEWHO shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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 CGEWHO shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 Owner/Vendor with such permission, approvals approval which would enable the Promoter Owner/Vendor to fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Owner/Vendor accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter Owner/Vendor fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Owner/Vendor immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Owner/Vendor shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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 Owner/Vendor shall be issuing the payment receipts in favour favor of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act 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 Vendors/Developer with such permission, approvals which would enable the Promoter Vendors/Developer to fulfil 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’s 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 may 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 Vendors/Developer accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee(s) only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, if resident outside India, shall intimate the same in writing to the Sellers and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory 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 Sellers with such necessary declarations, documents, permission, approvals which would enable the Promoter to fulfil its obligations under this Agreementapprovals, etc. 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 lawlaw and in any event in Indian Rupees only. The Allottee’s understands Allottee understand and agrees agree that in the event of any failure on his/her their part to comply with the applicable guidelines issued by the Reserve Bank of India; he/she , they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts Sellers accept no responsibility in regard to matters specified in para Clause 3.1 above. Under no circumstances shall the Sellers be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee’s 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’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Sellers immediately and comply with necessary formalities if any under the applicable laws. The Promoter Sellers shall not be responsible towards any third party making payment/payment remittances on behalf of any Allottee’s the Allottee 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 Sellers shall be issuing issue the payment receipts in favour of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable 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.
3.2 The Promoter accepts Promoters accept no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only and any charges for default and/or dishonour shall be the liability and responsibility of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1999Act,1999 ('FEMA'), Reserve Bank of India 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act and the 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 fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may 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.
3.2 . The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovehereinabove. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee(s) only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management ActMana gement Xxx, 19990000, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any orany statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable imm ovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in i n 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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 r esponsible towards any third party making payment/remittances on behalf of any Allottee’s 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 pay ment receipts in favour of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals approval which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee’s/s, if resident outside India, shall be solely responsible for complying with the necessary necessary' formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory 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 fulfil 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’s /s understands and agrees that in the event of any failure on his/her , /her part to comply with the applicable guidelines issued by the Reserve of Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para Clause 3.1 above. The Allottee’s /s shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s /s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /s to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of any Allottee’s /s and such third party 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’s /s only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act 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 CGEWHO with such permission, approvals which would enable the Promoter CGEWHO to fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement for Sub Lease Deed 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/she may 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 CGEWHO accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee shall keep the Promoter CGEWHO fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this AgreementAgreement for Sub Lease Deed, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter CGEWHO immediately and comply with necessary formalities if any under the applicable laws. The Promoter CGEWHO shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee’s Allottee and such third party shall not have any right in the application/allotment of the said apartment dwelling unit applied for herein in any way and the Promoter CGEWHO shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Sub Lease Deed, Sub Lease Deed
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act 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 Vendors/Developer with such permission, approvals which would enable the Promoter Vendors/Developer to fulfil 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’s 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 may 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.
3.2 . The Promoter Vendors/Developer accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee(s) only.
Appears in 2 contracts
Samples: Sale Agreement, Agreement of Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s/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, 1934 Act 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 Vendor/Promoter with such permission, approvals which would enable the Vendor/Promoter to fulfil 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’s /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 may 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 Vendor/Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s /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’s /s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /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’s /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’s /s only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment applied Apartment/ Flat apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottees, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory 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 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’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 . The Promoter Owners/Promoters accepts no responsibility in regard to matters specified in para Clause 3.1 above. The Allottee’s 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’s Allottees subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottees only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment applied Unit apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 (i) 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, 1934 Act and the Rules and Regulations made thereunder or any statutory amendment(s) modification(s), modifications(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 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’s Allottee 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 may 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.;
3.2 (ii) The Promoter accepts no responsibility in regard to matters specified in para 3.1 connection with compliance required for the purpose of clause 10(i) above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment premises applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 a. 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, 1934 and the Rules rules and Regulations regulations made thereunder there under or any statutory amendment(s) amendments/modification(s) made thereof and all other applicable laws Applicable Laws including that of remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer 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 rules and Regulations regulations of the Reserve Bank of India or any other applicable lawApplicable Law. The Allottee’s Allottee understands and agrees that in the event of any failure on its/his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India; it/he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 b. The Promoter accepts no responsibility in regard to matters specified in para 3.1 (a) above. The Allottee’s Allottee shall keep the Promoter (and its employees, directors, servants and agents) fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable lawsApplicable Laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s the 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’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(s), if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para clause 3.1 above. The Allottee’s Allottee(s) shall keep the Promoter fully indemnified and harmless in this regard. Whenever Whenever, there is any change in the residential status of the Allottee’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable lawsApplicable Laws. The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment applied for herein Unit in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee(s) only.
Appears in 2 contracts
Samples: Sale Agreement, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act 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 Landowners/Vendors and the Developer/Promoter with such permission, approvals which would enable the Landowners/Vendors and the Developer/Promoter to fulfil 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’s 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 may 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 Landowners/Vendors and the Developer/Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee(s) only.
Appears in 2 contracts
Samples: Partnership Agreement, Partnership Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 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/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its fulfill 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee’s understands Allottee(s) understand(s) and agrees agree(s) 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/, he / she / they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts accept no responsibility in regard to matters specified in para 3.1 above. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/application / allotment of the said apartment Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee(s) only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sPurchaser, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 Vendor with such permission, approvals approval which would enable the Promoter Vendor to fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Purchaser 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Vendor accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Purchaser shall keep the Promoter Vendor fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser to intimate the same in writing to the Promoter Vendor immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Vendor shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Purchaser 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 Vendor shall be issuing the payment receipts in favour favor of the Allottee’s Purchaser only.
Appears in 2 contracts
Samples: Sale Agreement, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable 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.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only and any charges for default and/or dishonour shall be the liability and responsibility of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. 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, 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 fulfil 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’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Owner/Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Owner/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Owner/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’s 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 Owner/Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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 ActAct , 1934 and the 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 acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment Apartment / Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Deed of Conveyance, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1999Act,1999 ('FEMA'), Reserve Bank of India 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 Vendor with such permission, approvals approval which would enable the Promoter Vendor to fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Purchaser/Xxxxxxxx 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Vendor accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Purchaser/Allottee shall keep the Promoter Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Purchaser/Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser/Allottee to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Vendor shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee’s Purchaser/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 Vendor shall be issuing the payment receipts in favour of the Allottee’s Purchaser/Allottee only.
Appears in 2 contracts
Samples: Not Specified, Not Specified
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s/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, 1934 Act 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 Vendor/Promoter with such permission, approvals which would enable the Vendor/Promoter to fulfil 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’s /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 may 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 Vendor/Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s /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’s /s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /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’s /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’s /s only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. 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, 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 aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmad ethereunderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingtha to remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreementunderthis 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 oramendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable lawapplicablelaw. The Allottee’s Allottee understands and agrees that in the event of any failure on hisandagreesthatintheeventofanyfailureonhis/her part to comply with the applicable guidelines issued by the Reserve herparttocomplywiththeapplicableguidelinesissuedbytheReserve Bank of India; , he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, applicable ,as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s theAllottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under anyunder the applicable laws. The Promoter shall not be responsible towards any third party making paymentmakingpayment/remittances on behalf of any Allottee’s Allottee and such third party shall not have any right in the applicationthirdpartyshallnothaveanyrightintheapplication/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’s onlyallotmentofthesaidapartmentappliedforhereininanywayandt hePromotershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonly.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sALLOTTEE, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/acquisition/ transfer of immovable properties in India etc. and provide the Promoter Promoter/Developer with such permission, approvals which would enable the Promoter Promoter/Developer to fulfil fulfill its obligations under this Agreement. Any refund, transfer 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’s understands ALLOTTEE understand and agrees agree 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Promoter/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s ALLOTTEE shall keep the Promoter Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s ALLOTTEE subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s ALLOTTEE to intimate the same in writing to the Promoter Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Promoter/Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee’s ALLOTTEE 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 Promoter/Developer shall be issuing the payment receipts in favour of the Allottee’s ALLOTTEE only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act and the Rules and Regulations made thereunder or any statutory anystatutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, anyrefund, 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may shall be liable for any action under the Foreign theForeign Exchange Management Act, 1999 or other laws as applicable, as amended from time fromtime to time.
3.2 The Promoter Developer accepts no responsibility in regard to matters specified in para 3.1 Clause3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever The Allottee shall be liable to remit each installment as mentioned in the Payment Schedule after deducting TDS as applicable .Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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 shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s the 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’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. 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, 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 Promoter/Owner with such permission, approvals which would enable the Promoter Promoter/Owner to fulfil 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’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter Promoter/Owner accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s 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’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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 making payment/payment/ remittances on behalf of any Allottee’s 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 Promoter/Owner shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable 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.
3.2 . The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s 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. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment applied Office Space/ Commercial Space apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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/Lessee with such permission, approvals which would enable the Promoter Developer/Lessee to 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 Developer/Lessee accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s shall Allotteeshall keep the Promoter Developer/Lessee fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s /s/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Developer/Xxxxxx immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall Developer/Lesseeshall not be responsible towards any third third-party making payment/remittances remittance on behalf of any Allottee’s 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 Developer/Lessee shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Not Specified
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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/acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its fulfill 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee’s understands Allottee understand(s) and agrees agree(s) 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/, he / she / they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts accept no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/application / allotment of the said apartment Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(s), if resident outside India, shall be solely responsible for complying with complyingwith the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 (’FEMA, Reserve Bank of India 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 fulfil fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in providedin terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 FEMA or the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para clause 3.1 above. The Allottee’s Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/allotment application /allotment of the said apartment applied for herein Unit in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. 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, 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 fulfil 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’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 and the Act arid 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 fulfil 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(s), if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para clause 3.1 above. The Allottee’s Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment applied for herein Unit in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee(s) only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act 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 “Owner/Promoter" with such permission, approvals which would enable the Promoter “Owner/Promoter" to fulfil 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 “Owner/Promoter" and Owner accept no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee shall keep the Promoter “Owner/Promoter" fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter “Owner/Promoter" immediately and comply with necessary formalities if any under the applicable laws. The Promoter “Owner/Promoter" shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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 “Owner/Promoter" shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act 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 Owners/Vendors with such permission, approvals which would enable the Promoter Owners/Vendors to fulfil 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may shall be solely liable for any action all actions under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Owners/Vendors accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter Owners/Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Owners/Vendors immediately and comply with necessary formalities formalities, if any any, under the applicable laws. The Promoter Owners/Vendors shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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/Vendors shall be issuing the payment receipts in favour of the Allottee’s onlyAllottee only upon receipt of the written confirmation of payer.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act 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 Vendors/Developer with such permission, approvals which would enable the Promoter Vendors/Developer to fulfil 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’s 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 may 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.
3.2 . The Promoter Vendors/Developer accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment Commercial Space applied for herein in any way anyway and the Promoter Vendors/Developer shall be issuing the payment receipts in favour of the Allottee’s Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 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’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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The 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’s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s and such third party shall not have any right in the application/allotment of the said apartment Duplex/Row House applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sPurchaser/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 or any statutory amendment(s) modification(samendments (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 fulfil 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’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Vendor accepts no responsibility in with regard to matters specified in para Para 3.1 above. The Allottee’s Purchaser/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’s Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser/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 party making payment/remittances on behalf of any Allottee’s Purchaser/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 Vendor shall be issuing the payment receipts in favour of the Allottee’s Purchaser/s only.
Appears in 1 contract
Samples: Agreement to Sell
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act 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 Owners/Promoters with such permission, approvals which would enable the Promoter Owners/Promoters to fulfil 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 lawlaw for the time being in force. The Allottee’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 Owners/Promoters through the Project Attorney accept no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(s), if resident outside outside. India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 payment, acquisition/sale/! sale/ transfer of immovable properties in India etc. and provide the Promoter Promoters with such permissionperrmsslOn, approvals approval which would enable the Promoter Promoters to fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 The Promoter Promoters accepts no responsibility in regard to matters specified in para clause 3.1 above. The Allottee’s Allottee(s) shall keep the Promoter Promoters fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment applied for herein Unit in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee(s) only.
Appears in 1 contract
Samples: Conveyance Deed
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 Owner/Vendor/Promoter with such permission, approvals which would enable the Owner/Vendor/Promoter to fulfil 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Vendor/Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Vendor/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee 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 third-party making payment/remittances on behalf of any Allottee’s 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 Vendor/Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 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 fulfil 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’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with all necessary formalities if any as specified and under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/allotment of the said apartment Said Apartment for residential usage applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee’s/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, 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/acquisition/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer 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’s /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 of Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para Clause 3.1 above. The Allottee’s /Transferee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential occupancy status of the Allottee’s /Transferee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /Transferee 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’s /Transferee 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’s /Transferee only.
Appears in 1 contract
Samples: Transfer Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 1934 Act 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 fulfil 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee only.. Promoter: For Nature Health Farms Private Limited
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 7.1 The Allottee’s, /Purchaser if resident residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 Vendors/Owners/Promoter/Developer with such permission, approvals approval which would enable the Promoter Vendors/Owners/ Promoter/Developer to fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s /Xxxxxxxxx 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 7.2 The Promoter Vendors/Owners/Promoter/Developer accepts no responsibility in regard to respect of the matters specified in para 3.1 abovethe preceding para. The Allottee’s /Purchaser shall keep the Promoter Vendors/Owners/Promoter/Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s /Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /Purchaser to intimate the same in writing to the Promoter Vendors/Owners/Promoter/Developer immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Vendors/Owners/ Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s /Purchaser 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 Vendors/Owners/Promoter/Developer shall be issuing the payment receipts in favour of the Allottee’s /Purchaser only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(s), 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, 1934 and the Rules and Regulations made thereunder there under or any other 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 fulfil 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 any other statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with all necessary formalities if any as specified and under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee’s 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 and the Promoter shall be issuing the payment receipts in favour of the Allottee’s only.Unitapplied for
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act 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 Vendor/Developer with such permission, approvals which would enable the Promoter Vendor/Developer to fulfil 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’s 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 may 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.
3.2 . The Promoter Vendor/Developer accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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’s Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 7.1) The Allottee’sPurchaser/s, if a non-resident outside of India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act 1999 (FEMA), Reserve Bank of India Act, 1934 and the Acts & Rules and Regulations (RBI) made thereunder there under or any other statutory amendment(s) modification(s) amendments/modifications made thereof and all other applicable laws including that of remittance of payment payments, acquisition/, sale/, transfer of immovable properties in India property etc. ., and provide the Promoter Seller with such permissionpermissions, approvals which would enable the Promoter Seller to 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’s understands and agrees Purchaser/s agree/s that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by RBI, the Reserve Bank of India; hePurchaser/she may s alone 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 regard to matters specified in para 3.1 aboveFEMA. The Allottee’s Purchaser/s shall keep the Promoter Seller fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Purchaser/s subsequent to the signing of this Agreement, Agreement it shall be the sole responsibility of the Allottee’s Purchaser/s to intimate the same in writing to the Promoter Seller immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Seller shall not be responsible towards for any third party making payment/payments, remittances on behalf of any Allottee’s Purchaser/s and such third party shall not have any right in the this application/allotment of the said apartment applied for herein Schedule `C’ Unit in any way and the Promoter Seller shall be issuing issue the payment receipts in favour of the Allottee’s Purchaser/s only.
7.2) In terms of the provisions of the Act, Seller will deposit/has deposited portions of the amounts realised for the real estate project from the allottees/purchasers, from time to time, in a separate account maintained with a scheduled bank. The Purchaser/s specifically understand/s and consent/s that the Seller are entitled and shall withdraw the amounts from the said account, in proportion to the percentage of completion of the project upon certification by an engineer, an architect and a chartered accountant in practice that the withdrawal is in proportion to the percentage of completion of the Project, and the Purchaser/s shall not raise any dispute in this regard whatsoever.
Appears in 1 contract
Samples: Agreement to Sell
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1999Act,1999 ('FEMA'), Reserve Bank of India 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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 favor of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sPurchaser, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 Vendors with such permission, approvals approval which would enable the Promoter Vendors to fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Purchaser 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts Vendors accept no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s 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’s Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Vendors shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee’s Purchaser and such third party shall not have any right in the application/allotment of the said apartment Flat and Parking Space applied for herein in any way and the Promoter Vendors shall be issuing the payment receipts in favour favor of the Allottee’s Purchaser only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee’s, if resident outside India, shall be solely responsible for complying with complyingwith the necessary formalities as laid down down, in Foreign Exchange Management Act, . 1999, Reserve Bank of India 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 fulfil fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made paid 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’s 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 of Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, . 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Developerand the owners accepts no responsibility in regard to matters specified in para 3.1 above. .. The Allottee’s Purchaser/Allottee shall keep the Promoter Developerand the owners fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Purchaser/Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser/Allottee to intimate the same in writing to the Promoter Developer& the owners immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer and the owners shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Purchaser/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’s Purchaser/Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee’sAllottees, if is a resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder 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 Promoters/Owners to fulfil its fulfill the Promoter’s 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’s understands Allottees undertakes and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter accepts shall have no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottees shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottees subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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/payment remittances on behalf of any Allottee’s Allottees 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 Promoters/Owners shall be issuing the payment receipts in favour of the Allottee’s Allottees only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllotee/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, 1934 Act 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 fulfil 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’s Allotee/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 may 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 regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allotee/Purchaser shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allotee/Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allotee/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’s Allotee/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’s Allotee/Purchaser only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 Co- owners / Developer with such permission, approvals which would enable the Promoter Co-owners / Developer to fulfil 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’s 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 , the Allottee may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 . The Promoter Co-owners / Developer accepts no responsibility in this regard to matters specified in para 3.1 above. The Allottee’s and the Allottee shall keep the Promoter Co-owners / Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Co-owners / Developer immediately and comply with necessary formalities if any under the applicable lawsApplicable Laws. The Promoter Co-owners / Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee’s 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 Co-owners / Developer shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s/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, 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 Owner/Developer/Vendor with such permission, approvals which would enable the Promoter Owner/Developer/Vendor to fulfil 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’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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Owner/Developer/Vendor accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s /s shall keep the Promoter Owner/Developer/Vendor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s /s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /s to intimate the same in writing to the Promoter Owner/Developer/Vendor immediately and comply with necessary formalities if any under the applicable laws. The Promoter Owner/Developer/Vendor shall not be responsible towards any third party making payment/remittances remittance on behalf of any Allottee’s /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 Owner/Developer/Vendor shall be issuing the payment receipts in favour of the Allottee’s /s only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. 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, 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 aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmad ethereunderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingtha to remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this AgreementAgreement . 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’s Allottee understands and agrees that in the event of any failure on hisandagreesthatintheeventofanyfailureonhis/her part to comply with the applicable guidelines issued by the Reserve herparttocomplywiththeapplicableguidelinesissuedbytheReserve Bank of India; , he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, applicable ,as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the applicationthirdpartyshallnothaveanyrightintheapplication/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’s onlyallotmentofthesaidapartmentappliedforhereininanywayandt hePromotershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonly.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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 favor of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee’s/s, if resident outside India, shall be solely responsible for complying with the necessary necessary' formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules rules and Regulations regulations made thereunder or any statutory amendment(s) amendments modification(s) made thereof and all other applicable laws Applicable Laws including that of remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules rules and Regulations regulations of the Reserve Bank of India or any other applicable law. The Allottee’s /s understands and agrees that in the event of any failure on his/her , /her part to comply with the applicable guidelines issued by the Reserve of Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para Clause 3.1 above. The Allottee’s /s shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s /s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /s to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. Applicable Laws, The Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of any Allottee’s /s and such third party 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 of the Allottee’s /s only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sPurchaser, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory 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 fulfil 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’s 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 may 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 Vendor/Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Purchaser 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’s Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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 Vendor/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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/Developer shall be issuing the payment receipts in favour of the Allottee’s Purchaser only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 a) The Allottee’sPurchaser/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, 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 fulfil 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’s 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 of Bank of India; , he/she she/they/it may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 b) The Promoter Developer accepts no responsibility in regard to matters specified in para 3.1 Clause (5) (a) above. The Allottee’s Purchaser/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’s Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser/s to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any any, under the applicable laws. , The Promoter Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Purchaser/s and such third party shall not have any right in the application/allotment of the said apartment Said Apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee’s Purchaser/s only.
c) On dishonour of a cheque on any ground whatsoever, the Purchaser/s shall be liable to pay to the Developer, a charge of INR 1,000/- (Indian Rupees One Thousand Only) for every such dishonour, together with taxes and charges, as applicable.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act 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 fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 Promoter/ Xxxxxxx accept no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter Promoter/ Xxxxxxxx fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Promoter/ Xxxxxxxx immediately and comply with necessary formalities if any under the applicable laws. The Promoter Promoter/ Xxxxxxxx shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s the 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 Promoter/ Xxxxxxxx shall be issuing the payment receipts in favour of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sPurchaser/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, 1934 and the 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 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 fulfil 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’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Vendor accepts no responsibility in with regard to matters specified in para Para 3.1 above. The Allottee’s Purchaser/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’s Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser/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 party making payment/remittances on behalf of any Allottee’s Purchaser/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 Vendor shall be issuing the payment receipts in favour of the Allottee’s Purchaser/s only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act 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 Vendors/Developer with such permission, approvals which would enable the Promoter Vendors/Developer to 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’s 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 may 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.
3.2 . The Promoter Vendors/Developer accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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/payment/ remittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/application/ allotment of the said apartment Apartment applied for herein in any way and the Promoter Vendors/Developer shall be issuing the payment receipts in favour of the Allottee’s Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sPurchaser, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 Vendor with such permission, approvals approval which would enable the Promoter Vendor/Developer to fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Purchaser 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter Vendor accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Purchaser shall keep the Promoter Vendor/Developer fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Purchaser to intimate the same in writing to the Promoter Vendor immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter Vendor/Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s Purchaser and such third party shall not have any right in the application/allotment of the said apartment Flat and One Parking Space applied for herein in any way and the Promoter Vendor shall be issuing the payment receipts in favour favor of the Allottee’s Purchaser only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 Owner/Developer with such permission, approvals which would enable the Promoter Owner/Developer to fulfil 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 Foreign, Exchange Management Act, 1999 or 1999, of the statutory enactments or amendments thereof and threreofand the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 1999, or other laws as applicable, as amended from time to time.
3.2 The Promoter Owner/Developer accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s 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’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee to intimate the same in writing to the Promoter Owner/Developer immediately and comply with necessary formalities if in any under the applicable laws. The Promoter Owner/Developer shall not be responsible towards any third party making payment/remittances . Remittances on behalf behind of any Allottee’s 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 Owner/Developer shall be issuing the payment receipts in favour of the Allottee’s onlyAllotteeonly.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee’s, if 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 1999 ('FEMA'),Reserve Bank of India 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 applicable laws others Applicable Laws including that of remittance of payment acquisition/sale/payment, acquisitionj xxxxx transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals approval which would enable the Promoter to fulfil fulfill its obligations under this Agreement. Any refund, transfer 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 FEMAor statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable lawApplicable Law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/hisj her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he j she may be liable for any action under the Foreign Exchange Management Act, 1999 or FEMAor other laws as applicable, as amended from time to time.
3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable lawsApplicable Laws.
3.3. The Promoter shall not be responsible towards any third party making payment/remittances making. paymentjremittances on behalf of any Allottee’s Allottee(s) and such third party shall not have any right in the application/applicationj allotment of the said apartment applied for herein Unit in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s onlyAllottee(s)only and in case of cancellation by any such allottee, refund in terms of this Agreement shall be made only to allottee.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s, if resident residence 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, 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para
3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee and such third party shall not have any right in the application/allotment of the said apartment applied Apartment/ Unit apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee’s, 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, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) modification(samendments/modifications(s) 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 such permission, approvals which would enable the Promoter to fulfil 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 theForeign 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’s Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may 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 3.2. The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee’s Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee’s Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s 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 of the Allottee’s Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(s), if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999, Reserve Bank of India Act, 1934 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 fulfil 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 Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee’s Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) 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’s Allottee(s) 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’s Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s/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, 1934 Act 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 Vendor/Developer with such permission, approvals which would enable the Promoter Vendor/Developer to fulfil 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’s /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 may 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 Vendor/Developer accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s /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’s /s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /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 party making payment/remittances on behalf of any Allottee’s /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 Vendor/Developer shall be issuing the payment receipts in favour of the Allottee’s /s only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 8.1 The Allottee’sAllottee(s), if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('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 fulfil 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 the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee’s Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 8.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 aboveabove clause. The Allottee’s Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s 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’s only.the
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 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’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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The 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’s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee’s and such third party shall not have any right in the application/allotment of the said apartment shop applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee’s only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’s/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, 1934 Act 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 Vendors/Promoter with such permission, approvals which would enable the Vendors/Promoter to fulfil 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’s /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 may 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 Vendors/Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s /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’s /s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s /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 Page No. 12 responsible towards any third party making payment/remittances on behalf of any Allottee’s /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’s /s only.
Appears in 1 contract
Samples: Agreement of Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee’sAllottee(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, 1934 Act 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 Vendors/Promoter with such permission, approvals which would enable the Vendors/Promoter to fulfil 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’s 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 may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as 1999orotherlawsas applicable, as amended from time to time.
3.2 . The Vendors/Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee’s 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’s Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee’s 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’s Allottee(s) and such third party shall not have any right in the application/application/ allotment of the said apartment applied for herein here in any way in anyway and the Vendors/Promoter shall be issuing the payment receipts in favour of the Allottee’s Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement