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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s), if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s), if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approval which would enable the Developer/Developer/ Promoter to fulfil its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser3.1The Allottee/Allottee(s)s, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendments/modification(s) made thereof and all others other applicable laws including that of remittance of payment, payment acquisition/sale/transfer of immovable properties in India etc. and provide the DeveloperPromoter/Promoter Owner/Developer with such permission, approval approvals which would enable the DeveloperPromoter/Promoter Owner/Developer to fulfil its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The PurchaserAllottee/Allottee(s) s understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they may she shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s)Allottee, if residence 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,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendments/modification(s) made thereof and all others other applicable laws including that of remittance of payment, payment for acquisition/sale/transfer transfer/assignment/sub-lease of immovable properties in India etc. and provide the Developer/Promoter Transferors with such permissionnecessary declarations, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreementdocuments, permissions, approvals, etc. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable lawlaw and in any event in Indian Rupees only. The Purchaser/Allottee(s) Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they may she shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s), if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/acquisition/ sale/transfer of immovable properties in India etc. and provide the DeveloperOwner/Vendor/Promoter with such permission, approval which would enable the DeveloperOwner/Vendor/Promoter to fulfil fulfill its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Purchaser/Allottee(s)Allottee, if residence is a resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder there under or any statutory amendments or modifications amendments/modification(s) made thereof and all others other applicable laws including that of remittance of payment, payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the DeveloperPromoters/Promoter Owners with such permission, approval approvals which would enable the DeveloperPromoters/Promoter Owners to fulfil its all fulfill the Promoters’/Owners’ obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) understands Allottee undertakes 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/they 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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 6.1 The Purchaser/Allottee(s), if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/acquisition/ sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 6.1 The PurchaserAllottee/Allottee(s), Purchaser if residence residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the DeveloperPromoter/Promoter Developer with such permission, approval which would enable the DeveloperPromoter/Promoter Developer to fulfil fulfill its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The PurchaserAllottee/Allottee(s) Purchaser understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they he/ she may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s), if residence resident(s) outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendments/modification(s) made thereof and all others other applicable laws including that of remittance of payment, payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approval approvals which would enable the Developer/Promoter to fulfil its all obligations under this AgreementAgreement for Sale. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) understands understand/s and agrees agree/s that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve 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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 6.1 The PurchaserAllottee/Allottee(s), Purchaser if residence residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the DeveloperPromoter/Promoter Developer with such permission, approval which would enable the DeveloperPromoter/Promoter Developer to fulfil fulfill its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The PurchaserAllottee/Allottee(s) Xxxxxxxxx understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they he/ she may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The PurchaserAllottee/Allottee(s), Purchaser if residence residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the DeveloperVendors/Promoter with such permission, approval which would enable the DeveloperVendors/Promoter to fulfil fulfill its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The PurchaserAllottee/Allottee(s) Xxxxxxxxx understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they he/ she may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 7.1 The PurchaserAllottee/Allottee(s), Purchaser if residence residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the DeveloperVendors/Promoter Owners/Promoter/Developer with such permission, approval which would enable the DeveloperVendors/Promoter Owners/ Promoter/Developer to fulfil fulfill its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The PurchaserAllottee/Allottee(s) Xxxxxxxxx understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they he/ she may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s), if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/acquisition/ sale/transfer of immovable properties in India etc. and provide the DeveloperOwner/Vendor/Promoter with such permission, approval which would enable the DeveloperOwner/Vendor/Promoter to fulfil fulfill its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they may be liable for any action under Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The PurchaserAllottee/Allottee(s)s, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendments/modification(s) made thereof and all others other applicable laws including that of remittance of payment, payment acquisition/sale/transfer of immovable properties in India etc. and provide the DeveloperPromoter/Promoter Owner/Developer with such permission, approval approvals which would enable the DeveloperPromoter/Promoter Owner/Developer to fulfil its all obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The PurchaserAllottee/Allottee(s) s understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they 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.