COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 10 contracts
Samples: Agreement for Sale, Sale Agreement, Partnership Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 9 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) modification(s/modification) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 9 contracts
Samples: Agreement for Sale, Sale Agreement, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Actact, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 para
3.1 above. , The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 7 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 (3.1.) The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its fulfil his obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. .
(3.2.) The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities 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 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 only.
Appears in 7 contracts
Samples: Sale Agreement, Agreement for Sale, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 7 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Said Unit/Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 6 contracts
Samples: Sale Agreement, Agreement for Sale, Partnership Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 5 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in if Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) amendments / modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/his / her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment / remittances on behalf of any Allottee and such third party shall not have any right in the application/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 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, if resident outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Actact, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 5 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, . it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 5 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory 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 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 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 shall keep the Promoter and the Owners fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third third- party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment allotment/agreement of the said Apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment allotment/agreement of the said Apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 4 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) modification(s/modification^) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 4 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and all the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide provided the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreements shall he made in accordance with the provisions of the Foreign Exchange Management 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 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 accept no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 3 contracts
Samples: Sale Agreement, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such necessary declarations, documents, permission, approvals which would enable the Promoter to fulfill its obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable lawlaw and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she 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 Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall be issuing issue the payment receipts in favour of the Allottee only.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 3 contracts
Samples: Agreement for Sale, Agreement for Sale, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Actact, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ acquisition/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 3 contracts
Samples: Sub Lease Agreement, Sub Lease Agreement, Sub Lease Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments) modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment acquisition/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 FEMA or statutory enactments or amendments thereof and the rules Rules and regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/his/ her part to 2 comply with the applicable guidelines issued by the Reserve of 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 Term 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole solve responsibility of the Allottee to intimate the same in writing to the Promoter Promoters immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.
Appears in 3 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory 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 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 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 shall keep the Promoter and the Owners fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment allotment/agreement of the said Apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India ActAct , 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer sale/transfer/ sub-lease of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Transferors and 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 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisitionfor sale/sale/ transfer of immovable properties in India etc. and provide the Promoter Transferors with such permissionnecessary declarations, approvals which would enable the Promoter to fulfill its obligations under this Agreementdocuments, permissions, approvals, etc. Any any refund, transfer of security, if provided shall be in terms of or this Agreement shall be made in accordance with the provisions of FEMA or the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable lawlaw and in any event in Indian National Rupees only. The 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 of Bank of India, he/she may shall 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 Transferors accept no responsibility in regard to matters specified in para Clause 3.1 above. Under no circumstances shall the Transferors be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter Transferors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Transferors immediately and comply with necessary formalities if any under the applicable laws. The Promoter Transferors shall not be responsible towards any third party making payment/payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter Transferors shall be issuing issue the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management ActFEMA, 1999, the Reserve Bank of India Act, 1934 and the Rules rules and Regulations regulations made thereunder or any statutory amendments) amendment(s)/ modification(s) made thereof and all other applicable laws Applicable Laws, including that of remittance of payment acquisition/acquisition/ sale/ transfer of immovable properties in India India, etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, refund or transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of FEMA or the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable lawApplicable Law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she 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 with regard to matters specified in para Clause 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities formalities, if any any, under applicable lawsthe Applicable Laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any the Allottee and such third party shall not have any right in the application/application/ allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only. Further, the Allottee shall continue to remain responsible for its obligations under the Agreement, including but not limited to its payment obligations, despite of a third party making payment/ remittances on behalf of the Allottee.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, . it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 para
4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory 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 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, applicable as amended from time to time.
3.2 The Promoter Developer accepts no responsibility in regard to matters specified in para 3.1 clause3.1 above. The Allottee shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Wbhira Agreement for Sale, Wbhira Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteeAllottees, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter Seller with such permission, approvals which would enable the Promoter Seller to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottees understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she 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 Seller accepts no responsibility in this regard to matters specified in para 3.1 above. The Allottee and the Allottees shall keep the Promoter Seller fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottees subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottees to intimate the same in writing to the Promoter Seller immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter Seller shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee Allottees and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Seller shall be issuing the payment receipts in favour of the Allottee Allottees only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The AllotteeAllottees, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 understands Allottees 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 3.2. The Promoter accepts no responsibility in regard to matters specified in para Clause 3.1 above. The Allottee Allottees shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottees subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottees to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee Allottees and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee Allottees only.
Appears in 2 contracts
Samples: Partnership Agreement, Partnership Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her 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 Developer accepts no responsibility in this regard to matters specified in para 3.1 above. The and the Allottee shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India ActAct , 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, . 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. , Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendments) amendment(s)/ modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ acquisition/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on its/his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, it/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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any the Allottee and such third party shall not have any right in the application/allotment of the said Apartment And Properties Appurtenant Thereto applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Transfer Agreement, Transfer Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve 1999,Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall he made in accordance with the provisions of the Foreign Exchange Management Act, 1999 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 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 matter specific in para Clause 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.Promoter
Appears in 2 contracts
Samples: Sale Agreement, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, . Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws Saws 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 to Developer lo fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall he made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the rules Rides and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee Allotlee shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in m favour of the Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Vendors 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 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 Vendors with such necessary declarations, documents, permission, approvals which would enable the Promoter to fulfill its obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable lawlaw and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she 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 Clause 3.1 above. Under no circumstances shall the Vendors be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendors shall not be responsible towards any third party making payment/payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter Vendors shall be issuing issue the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may shall be liable for any action under actionunder 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment allotment/agreement of the said Apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory or. 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 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 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 4.2. The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) modification(s/modification) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 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 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Flat applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.
Appears in 2 contracts
Samples: Deed of Agreement for Sale Without Possession, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management ActFEMA, 1999, the Reserve Bank of India Act, 1934 and the Rules rules and Regulations regulations made thereunder or any statutory amendments) amendment(s)/ modification(s) made thereof and all other applicable laws Applicable Laws, including that of remittance of payment acquisition/acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter Sellers with such permission, approvals which would enable the Promoter Sellers to fulfill its fulfil their obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of FEMA or the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable lawApplicable Law. The Allottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/it may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 . The Promoter Sellers accepts no responsibility in with regard to matters specified in para Clause 3.1 above. The Allottee shall keep the Promoter Sellers fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Sellers immediately and comply with necessary formalities formalities, if any any, under applicable lawsthe Applicable Laws. The Promoter Sellers shall not be responsible towards any third party making payment/payment/ remittances on behalf of any the Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter Sellers shall be issuing the payment receipts in favour of the Allottee only. Further, the Allottee shall continue to remain responsible for its obligations under the Agreement, including but not limited to its payment obligations, despite of a third party making payment/ remittances on behalf of the Allottee.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Row House/Bungalow applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 2 contracts
Samples: Agreement for Sale, Master Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee/purchaser/purchasers, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 Allottee/purchaser/purchasers understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Developer accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee Allottee/purchaser/purchasers shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottee/purchaser/purchasers subsequent to the signing of this Agreement, . it shall be the sole responsibility of the Allottee Allottee/purchaser/purchasers to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under the applicable laws. , The Promoter Developer shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee Allottee/purchaser/purchasers and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Allottee/purchaser/purchasers only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules Act andRules and Regulations made thereunder or any statutory amendmentsamendment(s) 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 th Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/application/ allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Row House / Bungalow, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Wbhira Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and xxxxxx the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. , Any refund, refund transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 paragraph 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities formatives if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Promoter/Developer shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Actact, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 Para 3.1 above. , The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing issue the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(samendments/ modifications(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be provide in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee Purchaser understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Developer accepts no responsibility in regard to matters specified in para paragraph 3.1 above. The Allottee Purchaser shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser subsequent to the signing singing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee Purchaser and such third party shall not have any right in the application/allotment of the said Apartment designated unit applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Purchaser only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) 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 Promoters with such permission, approvals which would enable the Promoter Promoters to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.2 The Promoter accepts Promoters accept no responsibility in regard to matters specified in para 3.1 4.1 above. The Allottee shall keep the Promoter Promoters fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Promoters immediately and comply with necessary formalities if any under the applicable laws. The Promoter Promoters shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter – I shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Foreign, Exchange Management Act, 1999 or 1999, of the statutory enactments or amendments thereof threreof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Developer accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if in any under the applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.be
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) amendments/ modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent Allotteesubsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment allotment/agreement of the said Apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Actact, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 para
3.1 above. , The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 12.1 The Allottee, Allottee ,if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 19991999 (“FEMA”), Reserve Bank of India Act,1934 (“RBI Act, 1934 ”) and the Rules rules and Regulations regulations made thereunder there under or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws Applicable Laws including that of remittance of payment acquisition/sale/ payment, acquisition /sale/ transfer of immovable properties in India India, etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/it may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended a mended from time to time.
3.2 12.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 clause13.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Act,1999 Reserve Bank of India Act, 1934 and the Rules and Regulations Regulation made thereunder or any statutory amendments) modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment acquisition/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Promoters immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Apartment/ Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in n terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment application /allotment of the said Apartment apartment applied for herein in an any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Vendors 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 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 Vendors with such necessary declarations, documents, permission, approvals which would enable the Promoter to fulfill its obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable lawlaw and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her his 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 Vendors accept no responsibility in regard to matters specified in para Clause 3.1 above. Under no circumstances shall the Vendors be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendors shall not be responsible towards any third third-party making payment/payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter Vendors shall be issuing issue the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management ActFEMA, 1999, the Reserve Bank of India Act, 1934 and the Rules rules and Regulations regulations made thereunder or any statutory amendments) amendment(s)/ modification(s) made thereof and all other applicable laws Applicable Laws, including that of remittance of payment acquisition/acquisition/ sale/ transfer of immovable properties in India India, etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, refund or transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of FEMA or the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable lawApplicable Law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may shall 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 with regard to matters specified in para Clause 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities formalities, if any any, under applicable lawsthe Applicable Laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any the Allottee and such third party shall not have any right in the application/application/ allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only. Further, the Allottee shall continue to remain responsible for its obligations under the Agreement, including but not limited to its payment obligations, despite of a third party making payment/ remittances on behalf of the Allottee.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory 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 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 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 shall keep the Promoter and the Owners fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment allotment/agreement of the said Apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Partnership Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 2.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act.1999, Reserve Bank of India Act, . 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) modification(s) /modifications made thereof and all other applicable laws including that of remittance of payment acquisitionacquisitions/sale/ sale/transfer of immovable properties in India etc. and provide provided the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations obligation under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement he made in accordance with the provisions of the Foreign Exchange Management Act. 1999, 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 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 2.2 The Promoter accepts no responsibility responsibilities in regard to matters as specified in para 3.1 aboveherein. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Deed of Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India ActIndia, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(samendment(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 and necessary support which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, ; he/she may be solely liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to timetime and keep the Promoter indemnified if any liability falls upon the Promoter to any action or inaction whether direct, indirect or consequential, as the case may be, of the Allottee.
3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this his Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable lawslaws in force. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder there under or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Plot applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 4.1 The AllotteePurchaser, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank bank of India ActXxxxx Xxx, 1934 0000 and the Rules and Regulations made thereunder or any statutory amendments) modification(samendments/ modifications(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be provide in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee Purchaser understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 4.2 The Promoter Developer accepts no responsibility in regard to matters specified in para 3.1 paragraph 4.1 above. The Allottee Purchaser shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser subsequent to the signing singing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee Purchaser and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee Purchaser only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/application/ allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, approvals which would enable the Promoter Developer to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Foreign, Exchange Management Act, 1999 or 1999, of the statutory enactments or amendments thereof threreof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Developer accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee shall keep the Promoter Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if in any under the applicable laws. The Promoter Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.responsible
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her their part to comply with the applicable guidelines issued by the Reserve of 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 no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India ActIndia, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(samendment(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 will accept no responsibility responsibility, in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this his Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s/modification^) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall 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 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment / remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees agree that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve of 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 accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if If the Allottee(s) is the resident outside IndiaIndia or having Non Resident Indian (NRI) or Oversees Citizen of India (OCI) status, such Allottee(s) clearly and unequivocally confirms he shall be individually and solely responsible for complying compilation with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Xxx 0000 (FEMA), Reserve Bank of India Act, 1934 (RBI) Act and the Rules and Regulations / Guidelines made thereunder or any statutory amendments) modification(s) made thereof / issued there under and all other applicable laws including that of remittance of payment payments, acquisition/sale/ sale or transfer of immovable properties property/s in India etc. and provide The Allottee(s) shall also furnish the required declaration to the Promoter in the prescribed format, with such permission, approvals which would /approvals/no objections to enable the Promoter to fulfill its obligations under this Agreement. Any refundIn case any such permission is ever refused or subsequently found lacking by any Statutory Authority / Promoter, transfer or in case of securityany implications arising out of any default by the Allottee(s), if provided it shall be in terms of or in accordance with the provisions sole liability and responsibility of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 timeAllottee(s).
3.2 The Promoter accepts shall accept no responsibility in this regard to matters specified in para 3.1 above. The Allottee and the Allottee(s) shall keep the Promoter fully indemnified and harmless for any harm or injury caused to it for any reason whatsoever in this regard. Whenever there is any a change in the residential status of the Allottee Allottee(s), subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee(s) to intimate the same in writing to the Promoter immediately and comply with all the necessary formalities formalities, if any any, under the applicable laws. In event of non-fulfillment of the permission as mentioned above, the amount paid towards Total Price will be refunded without interest, by the Promoter (excluding taxes) as per the cancellation and forfeiture process mentioned in this Agreement and the allotment cancelled forthwith and the Promoter will not be liable in any manner on such account. In case of Non-Resident Indians (NRI) and Persons of Indian Origin (PIO), all refunds, if any, shall, however, be made in Indian Rupees and Allottee(s) alone shall be liable to get all the necessary permission for getting the refund of the amount paid towards the Total Price as mentioned above from the concerned authorities. In case of foreign remittance, the net amount credited to bank shall be taken as amount received and necessary bank charges shall be borne by the Allottee(s). The date in which such credit is made to the bank account of Allottee(s) will be considered as date of payment and no other date. Allottee(s) shall provide to the Promoter copy of the SWIFT message to trace the remittance in India.
3.3 The Allottee(s) declares and confirms that the monies paid/payable by the Allottee(s) under this Agreement towards the said Unit is not involved directly or indirectly to the proceeds of any scheduled offence and is/are not designed for the purpose of any contravention or evasion of the provisions of the Prevention of Money Laundering Act, 2002 and rules/directions/ orders enacted pursuant to the same, from time to time (collectively “Anti - Money Laundering Regulations”). The Allottee(s) authorizes the Promoter to give his/ their personal information to any statutory authority as may be required from time to time. The Allottee(s) further affirms that the information/ details provided herein is/are true and correct in all respect and nothing has been withheld including any material facts within his/her/their/its knowledge. The Allottee(s) further un-equivocally agrees and confirms that in case the Promoter becomes aware and/or in case the Promoter is notified by the statutory authorities of any instance of violation of Anti-Money Laundering Regulations, then the Promoter shall not at its sole discretion be responsible towards any third party making paymententitled to cancel/remittances on behalf of any Allottee and terminate this Agreement for Sale. Upon such third party termination the Allottee(s) shall not have any right right, title or interest in the applicationsaid Unit neither have any claim/demand against the Promoter. In the event of such cancellation/termination, the monies paid by the Allottee(s) shall be refunded by the Promoter to the Allottee(s) subject to the forfeiture clause and in accordance with the terms of the Application Form and Agreement only after the Allottee(s) furnishing to the Promoter a no- objection / consent letter from the statutory authorities permitting such refund of the amounts to the Allottee(s).
3.4 That Allottee(s) shall comply with all the legal requirements as required for the purchase of immovable property, viz the said Unit as and when applicable. The Allottee(s) has specifically agreed with the Promoter that the allotment of the said Apartment applied for herein in any way Unit shall be subject to strict compliance of code of conduct and rules that may be determined by the Promoter for the allotment, occupation and use of the said Unit and such other conditions as per the applicable laws and further the Allottee(s) do hereby confirm and agree to abide by all the rules and regulations of the Maintenance Agency as would be formed later on amongst all allottee(s). The Allottee(s) shall abide by all the laws of the land, local laws, rules, notifications etc., at all times, as may be applicable on the said Unit and shall be issuing solely responsible for the payment receipts in favour consequences of non-compliance of the Allottee onlyrules and laws of the land and penalty imposed in case of the breach of the same, shall be borne by the Allottee(s) alone.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. .Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory 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 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 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 shall keep the Promoter and the Owners fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. .The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment allotment/agreement of the said Apartment Unit and Parking Facility, if any, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 2.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 19991999 (“FEMA”), Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) 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 fulfill full fill its obligations under this the Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of FEMAor the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable lawApplicable Law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she 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.Applicable Laws
3.2 2.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 para2.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules rules and Regulations regulations made thereunder or any other statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/acquisition/ sale/ transfer of immovable properties in India India, etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or 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 understands and agrees that in the event of any failure on his/her its part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she 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 The Promoter accepts no responsibility in regard to matters specified in para clause 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with all necessary formalities if any as specified and under the applicable laws. The Save as provided in clauses 1.6, 1.7 and 1.8 herein, the Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any the Allottee and such third party shall not have any right in the application/application/ allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing issue the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteeAllottees, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands Allottees 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 of 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 no responsibility in regard to matters specified in para 3.1 above. The Allottee Allottees shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottees subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottees to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee Allottees and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee Allottees only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/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 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve of 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 accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendments) amendment(s)/ modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any , any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on its/his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, it/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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any the Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied And Properties Appurtenant Theretoapplied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Vendors with such permission, approvals which would enable the Promoter Vendors to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Vendors accept no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter Vendors shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Developer shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 5.1 The Allottee, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 5.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her her/its part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/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 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments) modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment acquisition/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 FEMA or statutory enactments or amendments thereof and the rules Rules and regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee 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 of 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 Term 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Promoters immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment receipts in favour favor of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter Owner with such permission, approvals which would enable the Promoter Owner to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 Owner accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter Owner fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Owner immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter Owner shall not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Owner shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the wouldenablethe Promoter to fulfill its obligations under this itsobligationsunderthis Agreement. Any refundAnyrefund, transfer of security, if provided shall be in terms of or in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 noresponsibility in regard to regardto matters specified in specifiedin para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Not Specified
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Apartment, applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) amendments/ modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or 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 Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident of outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Rules Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) 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 with such permission, approvals which would enable the Promoter promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of 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 shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
Appears in 1 contract
Samples: Agreement for Sale