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

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

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

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

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

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The AllotteeAllottee(s), if he/she is a Non-Resident Indianresident outside India, shall be solely responsible for complying with the necessary formalities as laid down in the Foreign Exchange Management Act,1999,Reserve Act,1999 ('FEMA'), Reserve Bank of India Act,1934 Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder there under or any statutory amendments/ modification(s) amendments or modifications made thereof and all other 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, approvals approval which would enable the Developer/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of this the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 FEMA or the Statutory statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee Allottee(s) understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve of Bank of India; he/, he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if he/she is a Non-Resident Indianresident outside India, shall be solely s lely responsible for complying with the o necessary formalities as laid down in the Foreign Exchange Management Act,1999,Reserve Act, 1999, Reserve a Bank of India Act,1934 Act, 1934 and the Rules and Regulations made m de thereunder or any statutory amendments/ amendment(s) modification(s) made thereof ther of and all 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, approvals which whic would enable the Developer/Promoter to fulfill o fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of this the Agreement shall be made in accordance acc rdance with the provisions of Foreign Exchange Management Act, 1999 or the Statutory statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India; he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if he/she is a Non-Resident Indianresident outside India, shall be solely responsible for complying with the necessary formalities as laid down in the Foreign Exchange Management Act,1999,Reserve Act, 1999, Reserve Bank of India Act,1934 Act and the Rules and Regulations made thereunder there under or any statutory amendments/ amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment, payment acquisition/sale/transfer of immovable properties in India etc. and provide the Developer“Owner/Promoter Promoter" with such permission, approvals which would enable the Developer“Owner/Promoter Promoter" to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of this the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the Statutory statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India; , he/she may 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 Allottee, if he/she is a Non-Resident Indianresident outside India, shall be solely responsible for complying with the necessary formalities as laid down in the Foreign Exchange Management Act,1999,Reserve Act,1999 ('FEMA'), Reserve Bank of India Act,1934 Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments/ amendments or modification(s) made thereof and all other applicable laws including that of remittance of payment, acquisition/sale/acquisition/ sale/ transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approvals approval which would enable the Developer/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of this the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the Statutory statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any ofany failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve of Bank of India; , he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.. The Promoter accepts no responsibility in regard to matters specified inpara

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