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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permission, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit applied for herein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

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COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser/s, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors / Confirming Party with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Vendors / Confirming Party to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Purchaser/s understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner accepts Vendors / Confirming Party accept no responsibility in with regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/s shall keep the Promoter/owner Vendors / Confirming Party fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser/s to intimate the same in writing to the Promoter Vendors / Confirming Party immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendors / Confirming Party shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/s and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Promoter Vendors / Confirming Party shall issue be issuing the payment receipts in favour of the Allottee Purchaser/s only.

Appears in 2 contracts

Samples: Agreement to Sell, Agreement to Sell

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser/Allottee(s), if resident residence 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, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments/modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with necessary declarations, documents, such permission, approvals, etcapproval 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 Regulations Regulation of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee 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 she/they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The PromoterDeveloper/owner Promoter accepts no responsibility in regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/Allottee(s) shall keep the PromoterDeveloper/owner Promoter fully indemnified and harmless in this regardregards. 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 to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter/owner Developer/ Promoter shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/Allottee(s) and such third party shall not have any right in the application/allotment of the said Unit applied Apartment apply for herein in any way and the Developer/Promoter shall issue be issuing the payment receipts in favour of the Allottee Purchaser/ Allottee(s) only.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser/s, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act,1934 and the Rules and Regulations made thereunder there under or any statutory amendments/modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors / Confirming Party with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Vendors / Confirming Party to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Purchaser/s understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner accepts Vendors / Confirming Party accept no responsibility in with regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/s shall keep the Promoter/owner Vendors / Confirming Party fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser/s to intimate the same in writing to the Promoter Vendors / Confirming Party immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendors / Confirming Party shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/s and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Promoter Vendors / Confirming Party shall issue be issuing the payment receipts in favour of the Allottee Purchaser/s only.

Appears in 2 contracts

Samples: Sale Agreement, Agreement to Sell

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteeAllottee / Purchaser, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Owner / Promoter with necessary declarations, documents, such permission, approvalsapprovals which would enable the Promoter to fulfill its obligations under this, etcAgreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 . The Promoter/owner Owner / Promoter accepts no responsibility in regard to matters specified in Clause clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee / Purchaser shall keep the Promoter/owner Owner / Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee / Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee / Purchaser to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Promoter/owner Owner / Promoter shall not be responsible towards any third party making payment payment/ remittances on behalf of any Allottee / Purchaser and such third party shall not have any right in the application/allotment of the said Unit / Apartment applied for herein in any way and the Owner / Promoter shall issue be issuing the payment receipts in favour of the Allottee / Purchaser only.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee/Transferee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendments/amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Promoter/Transferor with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Promoter/Transferor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Allottee/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 may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 . The Promoter/owner Transferor accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allotteethis regard. The Allottee Allottee/Transferee shall keep the Promoter/owner Transferor fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottee/Transferee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee/Transferee to intimate the same in writing to the Promoter Promoter/Transferor immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Transferor shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Allottee/Transferee and such third party shall not have any right in the application/allotment of the said Unit applied for herein Plot in any way and the Promoter Promoter/Transferor shall issue be issuing the payment receipts in favour of the Allottee Allottee/Transferee only.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee/Allottee(s), if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Promoter to fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Allottee/Allottee(s) understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, ; he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the The Allottee. The Allottee /Allottee(s) shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottee/Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee/Allottee(s) to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Allottee/Allottee(s) and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Promoter shall issue be issuing the payment receipts in favour of the Allottee 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 3.1. The AllotteeAllottee / Purchaser, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Owner / Promoter with necessary declarations, documents, such permission, approvalsapprovals which would enable the Promoter to fulfill its obligations under this, etcAgreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The 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 may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 3.2. The Promoter/owner Owner / Promoter accepts no responsibility in regard to matters specified in Clause clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee / Purchaser shall keep the Promoter/owner Owner / Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee / Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee / Purchaser to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Promoter/owner Owner / Promoter shall not be responsible towards any third party making payment payment/ remittances on behalf of any Allottee / Purchaser and such third party shall not have any right in the application/allotment of the said Unit / Apartment applied for herein in any way and the Owner / Promoter shall issue be issuing the payment receipts in favour of the Allottee / Purchaser only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter Vendors and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment for acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors with necessary declarations, documents, permissionpermissions, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner accepts Vendors accept no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter Vendors be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendors shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter Vendors shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/for sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permissionpermissions, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 3.2. The Promoter/owner accepts Promoter accept no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit Said Apartment And Properties Appurtenant Thereto applied for herein forherein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments/amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Owner/Vendor/Promoter with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Owner/Vendor/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. 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 Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The PromoterOwner/owner Vendor/Promoter accepts no responsibility in regard to matters specified in Clause para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the PromoterOwner/owner Vendor/Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Owner/Vendor/Promoter immediately and comply with necessary formalities if any under the applicable laws. The PromoterOwner/owner Vendor/Promoter shall not be responsible towards any third third-party making payment payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Owner/Vendor/Promoter shall issue be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors with necessary declarations, documents, permission, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, ; he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter Vendors be liable or responsible for any delay, default, non-non- compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third third-party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter Vendors and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors with necessary declarations, documents, permissionpermissions, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner accepts Vendors accept no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter Vendors be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendors shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter Vendors shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident residence 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, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments/modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment acquisition/sale/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter Assignor/First Party with necessary declarations, documents, such permission, approvals, etcapproval which would enable the Assignor/First Party to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. 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 Bank of India, he/he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The PromoterAssignor/owner First Party accepts no responsibility in regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the PromoterAssignor/owner First Party fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Assignor/First Party immediately and comply with necessary formalities if any any, under the applicable laws. The PromoterAssignor/owner First Party shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit applied Apartment/ Plot apply for herein in any way and the Promoter Assignor/First Party shall issue be issuing the payment receipts in favour favor of the Allottee only.

Appears in 1 contract

Samples: Assignment Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the provisions of and/or the necessary formalities as laid down in the Foreign Exchange Management Act, 19991999 and/or the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000, and/or the Reserve Bank of India Act, 1934 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 Regulations regulations made thereunder or any statutory amendments/modification(s) made thereto/thereof and 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, including that of those pertaining to remittance of payment for acquisition/sale/transfer of immovable properties in India etc. ., and the Allottee shall provide the Promoter with necessary declarationssuch permissions, documents, permission, approvals, approvals etc. which would enable the Promoter to fulfil its obligations under this Agreement 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 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 and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or and/or the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000 and/or the Reserve Bank of India Act, 1934 and/or any other laws as applicableapplicable laws, each as amended and/or substituted and/or updated and/or revised from time to time. 3.2 , 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 PromoterAllottee understand(s) and agree(s) that in the event of any failure, non-compliance etc. on the part of the Allottee to comply with any of the aforesaid laws and/or statutes and/or guidelines and/or rules/owner regulations including those issued by the Reserve Bank of India from time to time, 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 Promoter accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter and the Lessee fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility and liability of the Allottee to immediately intimate the same in writing to the Promoter immediately and to comply with the necessary formalities formalities, if any any, under the all applicable laws. The Promoter/owner Promoter shall not be responsible towards for any third party making payment payment/remittances on behalf of any Allottee 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 Unit applied for herein Said Apartment 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 Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sub Lease Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer for acquisition/ transfer/ assignment of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permissionpermissions, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and to comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sub Lease Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 3.1. The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/for sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permissionpermissions, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may she/they/it shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 3.2. The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit Said Showroom SpaceAnd Properties Appurtenant Thereto applied for herein forherein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permission, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 6.1 The AllotteePurchaser/Allottee(s), if resident residence 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, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments/modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment acquisition/payment, acquisition/ sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with necessary declarations, documents, such permission, approvals, etcapproval 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 Regulations Regulation of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee 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 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 PromoterDeveloper/owner Promoter accepts no responsibility in regard to matters specified in Clause 3.1 6.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/Allottee(s) shall keep the PromoterDeveloper/owner Promoter fully indemnified and harmless in this regardregards. 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 to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter/owner Developer/ Promoter shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/Allottee(s) and such third party shall not have any right in the application/allotment of the said Unit applied Apartment apply for herein in any way and the Developer/Promoter shall issue be issuing the payment receipts in favour of the Allottee Purchaser/Allottee(s) only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 6.1 The AllotteePurchaser(s), if resident outside India, shall intimate the same in writing to the Promoter and solely be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Developer with necessary declarations, documents, permission, approvals, etcsuch permissions and approvals which would enable the Developer to fullfil its obligations under this Agreement 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands the Purchaser(s) understand/s and agrees agree/s that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she 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 Promoter/owner Developer accepts no responsibility in regard to matters specified in Clause 3.1 No. 6.1 above. Under no circumstances shall , the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser(s) shall keep the Promoter/owner Developer fully indemnified and harmless in this regard. Whenever regard and whenever there is any change in the residential status of the Allottee Purchaser(s) subsequent to the signing of this Agreement, it Agreement for Sale. It shall be the sole responsibility of the Allottee Purchaser(s) to intimate the same in writing to the Promoter Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner laws and the Developer shall not be responsible towards any third party Third Party making payment payment/remittances on behalf of any Allottee Purchaser(s) and such third party Third Party shall not have any right in the application/allotment of the said Unit designated Flat/Unit/Apartment applied for herein in any way and the Promoter Developer shall issue be issuing the payment receipts in favour of the Allottee Purchaser(s) only.

Appears in 1 contract

Samples: Sale Agreement

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COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter Vendors and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment for acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors with necessary declarations, documents, permissionpermissions, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner accepts Vendors accept no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter Vendors be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendors shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Bungalow Unit applied for herein in any way and the Promoter Vendors shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment for acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permissionpermissions, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and to comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser/Allottee(s), if resident residence 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, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments/modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter with necessary declarations, documents, such permission, approvals, etcapproval 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 Regulations Regulation of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee 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 she/they may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The PromoterDeveloper/owner Promoter accepts no responsibility in regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/Allottee(s) shall keep the PromoterDeveloper/owner Promoter fully indemnified and harmless in this regardregards. 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 to intimate the same in writing to the Developer/Promoter immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter/owner Developer/ Promoter shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/Allottee(s) and such third party shall not have any right in the application/allotment of the said Unit applied Apartment apply for herein in any way and the Developer/Promoter shall issue be issuing the payment receipts in favour of the Allottee Purchaser/ Allottee(s) only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteeAllottee(s), if resident residence 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, 1999Act,1999 ('FEMA'), Reserve Bank of India 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/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, such permission, approvals, etcapproval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee understands Allottee(s) 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/he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Allottee(s) shall keep the Promoter/owner Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee Allottee(s) subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee(s) to intimate the same in writing to the Promoter Promoters immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Allottee(s) and such third party shall not have any right in the application/allotment of the said Unit applied Row House apply for herein in any way and the Promoter shall issue be issuing the payment receipts in favour favor of the Allottee Allottee(s) only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser/s, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors / Confirming Party with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Vendors / Confirming Party to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Purchaser/s understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Vendors / Confirming Party accepts no responsibility in with regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/s shall keep the Promoter/owner Vendors / Confirming Party fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser/s to intimate the same in writing to the Promoter Vendors / Confirming Party immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendors / Confirming Party shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/s and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Promoter Vendors / Confirming Party shall issue be issuing the payment receipts in favour of the Allottee Purchaser/s only.

Appears in 1 contract

Samples: Agreement to Sell

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter Vendors and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment for acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors with necessary declarations, documents, permission, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner accepts Vendors accept no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter Vendors be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Vendors fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter Vendors immediately and to comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendors shall not be responsible towards any third third-party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter Vendors shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteeAllottees/Purchasers, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendments/amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Promoter/Developer with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Promoter/Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Allottees/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 may shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 . The Promoter/owner Developer accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allotteethis regard. The Allottee Allottees/Purchasers shall keep the Promoter/owner Developer fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Allottees/Purchasers subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottees/Purchasers to intimate the same in writing to the Promoter Promoter/Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Developer shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Allottees/Purchasers and such third party shall not have any right in the application/allotment of the said Unit Flat applied for herein in any way and the Promoter Promoter/Developer shall issue be issuing the payment receipts in favour of the Allottee Allottees/Purchasers only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 1.1. The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying comply- ing with the necessary formalities as laid down in Foreign Exchange Management Manage- ment Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations Regula- tions made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Pro- moter to fulfil its obligations under 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 Regulations of the Reserve Re- serve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The 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 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 Promoter/owner Promoter accepts to accepts no responsibility in regard to matters specified speci- fied in Clause para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party thirdpar- ty making payment remittances payment/remittance on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit applied apartment ap- plied for herein in any way and the Promoter shall issue be issuing the payment receipts re- ceipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser/s, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, Act ,1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendors/Confirming Party with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Vendors/Confirming Party to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Purchaser/s understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The PromoterVendors/owner accepts Confirming Party accept no responsibility in with regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/s shall keep the PromoterVendors/owner Confirming Party fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser/s to intimate the same in writing to the Promoter Vendors/Confirming Party immediately and comply with necessary formalities if any under the applicable laws. The PromoterVendors/owner Confirming Party shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/s and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Promoter Vendors/Confirming Party shall issue be issuing the payment receipts in favour of the Allottee Purchaser/s only.

Appears in 1 contract

Samples: Agreement to Sell

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance ofremittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permission, 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 Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment Unit applied for herein in any way and the Promoter shall issue the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Sale Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident residence 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 ActAct,1999 ('FEMA'), 1999For- 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 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/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, such permission, approvals, etcapproval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 FEMA or the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee understands and agrees that in the event of any failure on his/his/ her part to 2 comply with the applicable guidelines issued by the Reserve Bank of India, he/he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause Term 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regardregards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole solve responsibility of the Allottee to intimate the same in writing to the Promoter Promoters immediately and comply with necessary formalities if any any, under the applicable laws. The Promoter/owner Promoter shall not be nobe responsible towards any third party making payment payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit applied Plot apply for herein in any way and the Promoter shall issue be issuing the payment receipts in favour favor of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteePurchaser/s, if resident outside India, shall intimate the same in writing to the Promoter and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act,1934 and the Rules and Regulations made thereunder there under or any statutory amendments/modification(samendments (s)/ modification (s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Vendor / Confirming Party with necessary declarations, documents, such permission, approvals, etcapprovals which would enable the Vendor / Confirming Party to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees onlylaw. The Allottee Purchaser/s understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter/owner Vendor / Confirming Party accepts no responsibility in with regard to matters specified in Clause Para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee Purchaser/s shall keep the Promoter/owner Vendor / Confirming Party fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee Purchaser/s subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Purchaser/s to intimate the same in writing to the Promoter Vendor / Confirming Party immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Vendor / Confirming Party shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee Purchaser/s and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Promoter Vendor / Confirming Party shall issue be issuing the payment receipts in favour of the Allottee Purchaser/s only.

Appears in 1 contract

Samples: Agreement to Sell

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident outside India/sale of an EWS apartment, shall intimate depends upon the same in writing to the Promoter policy of allotment and be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with necessary declarations, documents, permission, approvals, etc. 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 the statutory enactments or amendments thereof and the Rules and Regulations category of the Reserve Bank of India or any other applicable law and in any event in Indian Rupees only. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued EWS apartments, as is declared by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended 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 Promoter/owner Promoter accepts no responsibility in regard to matters specified in Clause para 3.1 above. Under no circumstances shall the Promoter be liable or responsible for any delay, default, non-compliance or violation by the Allottee. The Allottee shall keep the Promoter/owner Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter/owner Promoter shall not be responsible towards any third party making payment payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Unit apartment applied for herein in any way and the Promoter shall issue be issuing the payment receipts in favour of the Allottee only.

Appears in 1 contract

Samples: Agreement for Sale

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