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. 3.2 The Developer/Promoter accepts no responsibility in regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) shall keep the Developer/Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Purchaser /Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/remittances on behalf of Purchaser/Allottee(s) and such third party shall not have any right in the application/allotment of the said Apartment apply for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/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) Act,1934 and the Rules and Regulation Regulations made thereunder there under or any statutory amendments or modifications (s)/ 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 Developer/Promoter Vendors / Confirming Party with such permission, approval approvals which would enable the Developer/Promoter Vendors / Confirming Party 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 Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/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.
3.2 The Developer/Promoter accepts Vendors / Confirming Party accept no responsibility in with regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) s shall keep the Developer/Promoter Vendors / Confirming Party fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee s to intimate the same in writing to the Developer/Promoter Vendors / Confirming Party immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors / Confirming Party shall not be responsible towards any third party making payment/remittances on behalf of any Purchaser/Allottee(s) s and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the Developer/Promoter Vendors / Confirming Party shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Purchaser/s only.
Appears in 2 contracts
Samples: Sale Agreement, Agreement to Sell
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The PurchaserAllottee/Allottee(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 amendment(s) 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 Developer/Promoter with such permission, approval approvals 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 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) 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.
3.2 The Developer/Promoter accepts no responsibility in regard to matters specified in Para para 3.1 above. The PurchaserAllottee/Allottee(s) shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(sAllottee/Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the PurchaserAllottee/Allottee Allottee(s) to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/remittances on behalf of Purchaserany Allottee/Allottee(s) and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour of the Purchaser/ Allottee/Allottee(s) only.
Appears in 2 contracts
Samples: Agreement for Sale of Ready Built Apartment, Agreement for Sale
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 Promoter 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 acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with such necessary declarations, documents, permission, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and 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 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 DeveloperPromoter/Promoter owner 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 Purchaser/Allottee(s) Allottee shall keep the DeveloperPromoter/Promoter owner fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Promoter/owner shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee / Purchaser/Allottee(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 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 Developer/Owner / Promoter with such permission, approval approvals which would enable the Developer/Promoter to fulfil fulfill its all obligations under this this, Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) Allottee / Xxxxxxxxx understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she/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.
3.2 . The Developer/Owner / Promoter accepts no responsibility in regard to matters specified in Para clause 3.1 above. The Purchaser/Allottee(s) Allottee / Purchaser shall keep the Developer/Owner / Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee / Purchaser /Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee / Purchaser to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. , The Developer/ Owner / Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of Purchaser/Allottee(s) any Allottee / Purchaser and such third party shall not have any right in the application/allotment of the said Unit / Apartment apply applied for herein in any way and the Developer/Owner / Promoter shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Allottee / Purchaser only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/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 (s)/ 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 Developer/Promoter Vendors / Confirming Party with such permission, approval approvals which would enable the Developer/Promoter Vendors / Confirming Party 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 Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/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.
3.2 The Developer/Promoter accepts Vendors / Confirming Party accept no responsibility in with regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) s shall keep the Developer/Promoter Vendors / Confirming Party fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee s to intimate the same in writing to the Developer/Promoter Vendors / Confirming Party immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors / Confirming Party shall not be responsible towards any third party making payment/remittances on behalf of any Purchaser/Allottee(s) s and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the Developer/Promoter Vendors / Confirming Party shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Purchaser/s only.
Appears in 2 contracts
Samples: Agreement to Sell, Agreement to Sell
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The PurchaserAllottee/Allottee(s)Transferee, 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) Act and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendment(s) 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 Transferor with such permission, approval approvals which would enable the DeveloperPromoter/Promoter Transferor 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 Regulations of the Reserve Bank of India or any other applicable law. The PurchaserAllottee/Allottee(s) Transferee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve 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.
3.2 . The DeveloperPromoter/Promoter Transferor accepts no responsibility in regard to matters specified in Para 3.1 abovethis regard. The PurchaserAllottee/Allottee(s) Transferee shall keep the DeveloperPromoter/Promoter Transferor fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee/Transferee subsequent to the signing of this Agreement, it shall be the sole responsibility of the PurchaserAllottee/Allottee Transferee to intimate the same in writing to the DeveloperPromoter/Promoter Transferor immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Promoter/Transferor shall not be responsible towards any third party making payment/remittances on behalf of Purchaserany Allottee/Allottee(s) Transferee and such third party shall not have any right in the application/allotment of the said Apartment apply for herein Plot in any way and the DeveloperPromoter/Promoter Transferor shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Allottee/Transferee only.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The PurchaserAllottees/Allottee(s)Purchasers, 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) Act and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendment(s) 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 Developer with such permission, approval approvals 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 Regulations of the Reserve Bank of India or any other applicable law. The PurchaserAllottees/Allottee(s) Purchasers understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/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.
3.2 . The DeveloperPromoter/Promoter Developer accepts no responsibility in regard to matters specified in Para 3.1 abovethis regard. The PurchaserAllottees/Allottee(s) Purchasers shall keep the DeveloperPromoter/Promoter Developer fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottees/Purchasers subsequent to the signing of this Agreement, it shall be the sole responsibility of the PurchaserAllottees/Allottee Purchasers to intimate the same in writing to the DeveloperPromoter/Promoter Developer immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Promoter/Developer shall not be responsible towards any third party making payment/remittances on behalf of Purchaserany Allottees/Allottee(s) Purchasers and such third party shall not have any right in the application/allotment of the said Apartment apply Flat applied for herein in any way and the DeveloperPromoter/Promoter Developer shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Allottees/Purchasers only.
Appears in 1 contract
Samples: Sale Agreement
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 Promoter 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 acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter Vendors with such necessary declarations, documents, permission, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and 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 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 Developer/Promoter accepts 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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third third-party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s)Allottee, 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 there under or any statutory amendments or modifications amendment(s) 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 DeveloperOwner/Vendor/Promoter with such permission, approval approvals 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 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) 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 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 DeveloperOwner/Vendor/Promoter accepts no responsibility in regard to matters specified in Para para 3.1 above. The Purchaser/Allottee(s) Allottee shall keep the DeveloperOwner/Vendor/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the DeveloperOwner/Vendor/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Owner/Vendor/Promoter shall not be responsible towards any third third-party making payment/remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the DeveloperOwner/Vendor/Promoter shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
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.
3.2 The Developer/Promoter accepts no responsibility in regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) shall keep the Developer/Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Purchaser /Allottee(sPurchaser/Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Purchaser/ Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/remittances on behalf of Purchaser/Allottee(s) and such third party shall not have any right in the application/allotment of the said Apartment apply for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s)Allottee, if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), For- Landowners Xxxxxxxx Xxx Xxxxx, Xxxx Xxx Xxxxx, Xxxxxxxx Xxxx, Xxxxxxxxxx Xxxxx, Xxxx Xxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxx Xxx, Xxxxx Xxxx, Xxxxx Xxxxx, Xxxx Xxxxx, Xxxxx Xxxxx, Xxxxxxx For- Xxxxx Xxxxxx Xxxxxxxxxx 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 Developer/Promoter with such permission, approval which would enable the Developer/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 FEMA 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) Allottee understands and agrees that in the event of any failure on his/his/ her part to 2 comply with the applicable guidelines issued by the Reserve Bank of India, he/she/they he/ she may be liable for any action under Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.
3.2 The Developer/Promoter accepts no responsibility in regard to matters specified in Para Term 3.1 above. The Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole solve responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter Promoters immediately and comply with necessary formalities if any, under the applicable laws. The Developer/ Promoter shall not be nobe responsible towards any third party making payment/remittances on behalf of Purchaser/Allottee(s) Allottee and such third party shall not have any right in the application/allotment of the said Apartment Plot apply for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour favor of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/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) Act,1934 and the Rules and Regulation Regulations made thereunder there under or any statutory amendments or modifications (s)/ 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 Developer/Promoter Vendor / Confirming Party with such permission, approval approvals which would enable the Developer/Promoter Vendor / Confirming Party 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 Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/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.
3.2 The Developer/Promoter Vendor / Confirming Party accepts no responsibility in with regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) s shall keep the Developer/Promoter Vendor / Confirming Party fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee s to intimate the same in writing to the Developer/Promoter Vendor / Confirming Party immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendor / Confirming Party shall not be responsible towards any third party making payment/remittances on behalf of any Purchaser/Allottee(s) s and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the Developer/Promoter Vendor / Confirming Party shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Purchaser/s only.
Appears in 1 contract
Samples: Agreement to Sell
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 there under 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 Developer/Promoter with such permission, approval which would enable the Developer/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 understand(s) and agrees agree(s) that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/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.
3.2 The Developer/Promoter accepts no responsibility in regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) shall keep the Developer/Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Purchaser /Allottee(sAllottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee Allottee(s) to intimate the same in writing to the Developer/Promoter Promoters immediately and comply with necessary formalities if any, under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/remittances on behalf of Purchaser/Allottee(s) and such third party shall not have any right in the application/allotment of the said Apartment Row House apply for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour favor of the Purchaser/ Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 1.1. The Purchaser/Allottee(s)Allottee, if residence resident outside India, shall be solely responsible for complying comply- ing with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Manage- ment Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regula- tions 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 Developer/Promoter with such permission, approval approvals which would enable the Developer/Promoter Pro- moter to fulfil its all obligations under this the Agreement. Any refund, transfer of securityse- curity, 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 Re- serve Bank of India or any other applicable law. The Purchaser/Allottee(s) Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable ap- plicable 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 applicable from time to time.
3.2 1.2. The Developer/Promoter accepts to accepts no responsibility in regard to matters specified speci- fied in Para para 3.1 above. The Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party thirdpar- ty making payment/remittances remittance on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply apartment ap- plied for herein in any way and the Developer/Promoter shall be issuing the payment receipts re- ceipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s)Allottee, if residence resident outside India, shall be solely responsible for complying with the provisions of and/or the necessary formalities as laid down in the Foreign Exchange Management Act,1999 Act, 1999 and/or the Foreign Exchange Management ('FEMA')Acquisition and Transfer of Immovable Property in India) Regulations, 2000, and/or the Reserve Bank of India Act, 1934 ('RBI' Act) and/or any other applicable laws, each as amended and/or substituted and/or updated and/or revised from time to time, and the Rules rules and Regulation regulations made thereunder or any statutory amendments or modifications made amendments/modification(s) thereto/thereof and and/or all others other necessary and/or applicable provisions and/or applicable laws as laid down and/or passed and/or notified by the government and/or the concerned statutory authorities and/or the concerned Governmental Authority(ies) from time to time, including that of those pertaining to remittance of payment, payment for acquisition/sale/transfer of immovable properties in India etc. ., and the Allottee shall provide the Developer/Promoter with such permissionpermissions, approval approvals etc. which would enable the Developer/Promoter to fulfil its all obligations under this AgreementAgreement and/or under all applicable laws and/or as may be requested from time to time by the Promoter. Any refund, transfer of security, if provided in terms of the this Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and/or the Foreign Exchange Management (Acquisition and the Rules and Regulation Transfer of Immovable Property in India) Regulations, 2000 and/or the Reserve Bank of India or Act, 1934 and/or any other applicable lawlaws, each as amended and/or substituted and/or updated and/or revised from time to time, and the rules and regulations made thereunder or any statutory amendments/modification(s) thereto/ thereof and/or all other necessary and/or applicable provisions and/or applicable laws as laid down and/or passed and/or notified by the government and/or the concerned statutory authorities and/or the concerned Governmental Authority(ies) from time to time. The Purchaser/Allottee(sAllottee understand(s) understands and agrees agree(s) that in the event of any failure failure, non-compliance etc. on his/her the part of the Allottee to comply with any of the applicable aforesaid laws and/or statutes and/or guidelines and/or rules/regulations including those 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 India from time to time.
3.2 , the Allottee shall be solely and exclusively liable and responsible for any and every action and/or for any such failure, non-compliance etc.. The Developer/Promoter accepts no responsibility in regard to matters specified in Para Clause 3.1 above. The Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter and the Lessee fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility and liability of the Purchaser/Allottee to immediately intimate the same in writing to the Developer/Promoter immediately and to comply with the necessary formalities formalities, if any, under the all applicable laws. The Developer/ Promoter shall not be responsible towards for any third party making payment/remittances on behalf of Purchaser/Allottee(s) the Allottee, and such third party (by virtue of such payments/remittances and/or otherwise) shall not have any right in the application/provisional allotment of the said Said Apartment apply for herein and/or under this Agreement, and, further shall neither have nor shall acquire any manner or nature of right or interest to/over/in respect of any way part or portion of the Said Apartment and/or the Said Car Parking Space(s), and/or under this Agreement on any ground whatsoever or howsoever, and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sub Lease Agreement
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 Promoter 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, acquisition/sale/transfer payment for acquisition/ transfer/ assignment of immovable properties in India etc. and provide the Developer/Promoter 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.
3.2 The Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and to comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sub Lease Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/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, Act ,1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications (s)/ 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 DeveloperVendors/Promoter Confirming Party with such permission, approval approvals which would enable the DeveloperVendors/Promoter Confirming Party 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 Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/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.
3.2 The DeveloperVendors/Promoter accepts Confirming Party accept no responsibility in with regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) s shall keep the DeveloperVendors/Promoter Confirming Party fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee s to intimate the same in writing to the DeveloperVendors/Promoter Confirming Party immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors/Confirming Party shall not be responsible towards any third party making payment/remittances on behalf of any Purchaser/Allottee(s) s and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the DeveloperVendors/Promoter Confirming Party shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Purchaser/s only.
Appears in 1 contract
Samples: Agreement to Sell
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 Vendors 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 of immovable properties in India etc. and provide the Developer/Promoter Vendors with such necessary declarations, documents, permission, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and 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.
3.2 The Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter Vendors fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter Vendors immediately and to comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors shall not be responsible towards any third third-party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter Vendors shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
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 Vendors 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 acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter Vendors 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 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 Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter Vendors fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter Vendors immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter Vendors shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 6.1 The Purchaser/Allottee(sPurchaser(s), if residence resident outside India, shall solely 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 Developer/Promoter Developer with such permission, approval permissions and approvals which would enable the Developer/Promoter Developer to fulfil fullfil its all obligations under this AgreementAgreement for Sale. Any refund, transfer of security, if provided in terms of the this Agreement for Sale shall be made in accordance with the provisions 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 Purchaserlaw and the Purchaser(s) understand/Allottee(s) understands 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.
3.2 6.2 The Developer/Promoter Developer accepts no responsibility in regard to matters specified in Para 3.1 Clause No. 6.1 above. The Purchaser/Allottee(s, the Purchaser(s) shall keep the Developer/Promoter Developer fully indemnified and harmless in this regards. Whenever regard and whenever there is any change in the residential status of the Purchaser /Allottee(sPurchaser(s) subsequent to the signing of this Agreement, it Agreement for Sale. It shall be the sole responsibility of the Purchaser/Allottee Purchaser(s) to intimate the same in writing to the Developer/Promoter Developer immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter laws and the Developer shall not be responsible towards any third party Third Party making payment/remittances on behalf of Purchaser/Allottee(sany Purchaser(s) and such third party Third Party shall not have any right in the application/allotment of the said designated Flat/Unit/Apartment apply applied for herein in any way and the Developer/Promoter Developer shall be issuing the payment receipts in favour of the Purchaser/ Allottee(sPurchaser(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s)Allottee, 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/acquisition/ sale/ transfer of immovable properties in India etc. and provide the DeveloperAssignor/Promoter First Party with such permission, approval which would enable the DeveloperAssignor/Promoter First Party 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) Allottee understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she/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.
3.2 The DeveloperAssignor/Promoter First Party accepts no responsibility in regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) Allottee shall keep the DeveloperAssignor/Promoter First Party fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the DeveloperAssignor/Promoter First Party immediately and comply with necessary formalities if any, under the applicable laws. The Developer/ Promoter Assignor/First Party shall not be responsible towards any third party making payment/remittances on behalf of Purchaser/Allottee(s) Allottee and such third party shall not have any right in the application/allotment of the said Apartment Apartment/ Plot apply for herein in any way and the DeveloperAssignor/Promoter First Party shall be issuing the payment receipts in favour favor of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Assignment Agreement
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 Promoter 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 ofremittance of remittance of payment, payment acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with such necessary declarations, documents, permission, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and 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 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 Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
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 Promoter 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 of immovable properties in India etc. and provide the Developer/Promoter 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.
3.2 The Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and to comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
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 Promoter 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 acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with such necessary declarations, documents, permission, approval which would enable the Developer/Promoter to fulfil its all obligations under this Agreementapprovals, etc. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and 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 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 Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/Allottee(s)Allottee, if residence outside India/sale of an EWS apartment, shall be solely responsible for complying with depends upon the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank policy of India Act, 1934 ('RBI' Act) allotment 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 sale of the Agreement shall be made apartments falling in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation category 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 EWS apartments, as is declared 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 State Government from time to time. The Allottee has clearly understood the EWS apartment, as detailed in this agreement, has been allotted to him/her, as per the present Law and policy declared by the State Government, with respect to allotment and sale of EWS apartments. Any change in the law/policy and the consequential fate of this agreement shall be acceptable to the Allotee, without any objection.The Allottee hereby declares that he is duly covered under the EWS apartment category and the Income/Entitlement Certificate, produced by him/her, with respect to his/her entitlement for allotment of EWS category apartment is absolutely true and correct and that only on the basis of the aforesaid Certificate and information supplied by the Allottee, the EWS apartment mentioned herein has been allotted to him/her. If any objection or any action is taken by any authority/department, against the Allotee, with respect to his/her entitlement for the EWS apartment or with respect to the Income/Entitlement Certificate produeced by him/her, then the Allotee himself shall be responsible for all the loss, cots and consequences therefore and then the Promoter shall be entitled to forfeit the entire booking amount paid by the Allottee. That Allotee has further understood clearly that the execution of the Conveyance Deed with respect to the EWS apartment allotted in his/her favour, shall be dependent upon the permission granted in this regard by the District Collector or any other Officer/Authority, authorised in this regard and the Conveyance Deed shall be executed only after such permission is granted by the concerned authority in this regard, irrespective of the time period of execution of Conveyance Deed, as maybe mentioned elsewhere in this Agreement. If such permission is not granted or rejected by the concerned authority, then same shall be deemed to be at the responsibility, cots and consequences of the Allottee himself and in such case also the Promoter shall be entitled to forfeit the entire booking amount paid by the Allottee.
3.2 The Developer/Promoter accepts no responsibility in regard to matters specified in Para para 3.1 above. The Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Agreement for Sale
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 Vendors 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 of immovable properties in India etc. and provide the Developer/Promoter Vendors 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.
3.2 The Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter Vendors fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter Vendors immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Unit applied for herein in any way and the Developer/Promoter Vendors shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee / Purchaser/Allottee(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 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 Developer/Owner / Promoter with such permission, approval approvals which would enable the Developer/Promoter to fulfil fulfill its all obligations under this this, Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee(s) Allottee / Xxxxxxxxx understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she/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.
3.2 3.2. The Developer/Owner / Promoter accepts no responsibility in regard to matters specified in Para clause 3.1 above. The Purchaser/Allottee(s) Allottee / Purchaser shall keep the Developer/Owner / Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee / Purchaser /Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee / Purchaser to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. , The Developer/ Owner / Promoter shall not be responsible towards any third party making payment/payment/ remittances on behalf of Purchaser/Allottee(s) any Allottee / Purchaser and such third party shall not have any right in the application/allotment of the said Unit / Apartment apply applied for herein in any way and the Developer/Owner / Promoter shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Allottee / Purchaser only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Purchaser/Allottee(s)Allottee, if residence 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 ('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, acquisition/payment for sale/transfer of immovable properties in India etc. and provide the Developer/Promoter 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 they/it shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
3.2 3.2. The Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply for herein Said Showroom SpaceAnd Properties Appurtenant Thereto applied forherein in any way and the Developer/Promoter shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement
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.
3.2 6.2 The Developer/Promoter accepts no responsibility in regard to matters specified in Para 3.1 Clause 6.1 above. The Purchaser/Allottee(s) shall keep the Developer/Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Purchaser /Allottee(sPurchaser/Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any, under the applicable laws. The Developer/ Promoter shall not be responsible towards any third party making payment/remittances on behalf of Purchaser/Allottee(s) and such third party shall not have any right in the application/allotment of the said Apartment apply for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour of the Purchaser/ Purchaser/Allottee(s) only.
Appears in 1 contract
Samples: Sale Agreement
COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/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 (s)/ 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 Developer/Promoter Vendors / Confirming Party with such permission, approval approvals which would enable the Developer/Promoter Vendors / Confirming Party 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 Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/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.
3.2 The Developer/Promoter Vendors / Confirming Party accepts no responsibility in with regard to matters specified in Para 3.1 above. The Purchaser/Allottee(s) s shall keep the Developer/Promoter Vendors / Confirming Party fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee s to intimate the same in writing to the Developer/Promoter Vendors / Confirming Party immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors / Confirming Party shall not be responsible towards any third party making payment/remittances on behalf of any Purchaser/Allottee(s) s and such third party shall not have any right in the application/allotment of the said Apartment apply apartment applied for herein in any way and the Developer/Promoter Vendors / Confirming Party shall be issuing the payment receipts in favour of the Purchaser/ Allottee(s) Purchaser/s only.
Appears in 1 contract
Samples: Agreement to Sell
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 Vendors 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 of immovable properties in India etc. and provide the Developer/Promoter Vendors 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.
3.2 The Developer/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 Purchaser/Allottee(s) Allottee shall keep the Developer/Promoter Vendors fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Purchaser /Allottee(s) Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Developer/Promoter Vendors immediately and comply with necessary formalities if any, any under the applicable laws. The Developer/ Promoter Vendors shall not be responsible towards any third party making payment/payment remittances on behalf of Purchaser/Allottee(s) any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apply Bungalow Unit applied for herein in any way and the Developer/Promoter Vendors shall be issuing issue the payment receipts in favour of the Purchaser/ Allottee(s) Allottee only.
Appears in 1 contract
Samples: Sale Agreement