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

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. ia. If the Allottee(s) The Allottee, if is the resident outside IndiaIndia or having Non Resident Indian (NRI) or Oversees Citizen of India (OCI) status, such Allottee(s) clearly and unequivocally confirms he shall be individually and solely responsible for complying compilation with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act 1999 (FEMA), Reserve Bank of India Act, 1934 (RBI) Act and the Rules and Regulations / Guidelines made thereunder or any statutory amendments) modification(s) made thereof / issued there under and all other applicable laws including that of remittance of payment payments, acquisition/sale/ sale or transfer of immovable properties property/s in India etc. and provide The Allottee(s) shall also furnish the required declaration to the Promoter in the prescribed format, with such permission, approvals which would /approvals/no objections to enable the Promoter to fulfill its obligations under this Agreement. Any refundIn case any such permission is ever refused or subsequently found lacking by any Statutory Authority / Promoter, transfer or in case of securityany implications arising out of any default by the Allottee(s), if provided it shall be in terms of or in accordance with the provisions sole liability and responsibility of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act,1999 or other laws as applicable, as amended from time to timeAllottee(s). ii) b. The Promoter accepts shall accept no responsibility in this regard to matters specified in para 3.1 above. The Allottee and the Allottee(s) shall keep the Promoter fully indemnified and harmless for any harm or injury caused to it for any reason whatsoever in this regard. Whenever there is any a change in the residential status of the Allottee Allottee(s), subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee(s) to intimate the same in writing to the Promoter immediately and comply with all the necessary formalities formalities, if any any, under the applicable laws. The Promoter shall not be responsible towards any thirdIn event of non-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment fulfillment of the said Apartment applied for herein permission as mentioned above, the amount paid towards Total Price will be refunded without interest, by the Promoter (excluding taxes) as per the cancellation and forfeiture process mentioned in any way this Agreement and the allotment cancelled forthwith and the Promoter will not be liable in any manner on such account. In case of Non-Resident Indians (NRI) and Persons of Indian Origin (PIO), all refunds, if any, shall, however, be made in Indian Rupees and Allottee(s) alone shall be issuing liable to get all the payment receipts in favour necessary permission for getting the refund of the Allottee onlyamount paid towards the Total Price as mentioned above from the concerned authorities. In case of foreign remittance, the net amount credited to bank shall be taken as amount received and necessary bank charges shall be borne by the Allottee(s). The date in which such credit is made to the bank account of Allottee(s) will be considered as date of payment and no other date. Allottee(s) shall provide to the Promoter copy of the SWIFT message to trace the remittance in India.

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall he made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Promoter accepts no responsibility in regard to matters specified in para Clause 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The 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 Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter Vendor with such permission, approvals which would enable the Promoter Vendor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/they may be liable for any action under the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Promoter Vendor accepts no responsibility in this regard to matters specified in para 3.1 above. The and the Allottee shall keep the Promoter Vendor 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 Vendor immediately and comply with necessary formalities if any under applicable lawsthe Applicable Laws. The Promoter Vendor shall not be responsible towards any third-third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter Vendor shall be issuing the payment receipts in favour of the Allottee only.

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

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

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

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee/s, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Vendor with such permission, approvals which would enable the Promoter Vendor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 of Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Promoter Vendor accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee Allottee/s shall keep the Promoter Vendor fully indemnified and harmless in this regard. 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 Vendor immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not Vendor shallnot be responsible towards any third-third party making 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 Apartment apartment applied for herein in any way and the Promoter Vendor shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

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

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The AllotteePurchaser, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of Bankof India Act, 1934 Act and the Rules and Regulations made thereunder there under or any statutory amendments) modification(samendment(s),modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Developer/ Vendors with such permission, approvals which would enable the Promoter Developer/ Vendors to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be ifprovided in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations Rulesand Regulations of the Reserve Bank of India or any other applicable law. The Allottee Purchaser understands and agrees that in the event of any failure on his/her part to comply with the applicable theapplicable guidelines issued by the Reserve of Bank of India, he/she may shall be liable for any action under actionunder the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from amendedfrom time to time. ii) . The Promoter accepts Developer and Vendors accept no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee Purchaser shall keep the Promoter Developer and Vendors fully indemnified and harmless in this regard. Whenever there Wheneverthere is any change in the residential status of the Allottee Purchaser subsequent to the signing of this ofthis Agreement, it shall be the sole responsibility of the Allottee Purchaser to intimate the same in writing inwriting to the Promoter Developer and Vendors immediately and comply with necessary formalities if any under the applicable laws. The Promoter Developer and Vendors shall not be responsible towards any third-third party making payment/remittances on behalf of any Allottee Purchaser and such third suchthird party shall not have any right in the application/allotment of the said Apartment Shop/ Office /Godown / Back Office/Commercial / Semi - Commercial / mix use Complex applied for herein forherein in any way and the Promoter Developer shall be issuing the payment receipts in favour favor of the Allottee thePurchaser only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder there under or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permissionpermissions, approvals which would enable the Promoter to fulfill its their obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her her/their/its part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Promoter accepts accept no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee shall keep the Promoter and Owners/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 immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third-party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Flat/Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in the Foreign Exchange Management Act, 1999, the Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ acquisition / sale / transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank 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/she may be liable for any action under the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Promoter accepts no responsibility in regard to matters matter specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under applicable the application laws. The 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/application / allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The AllotteePurchaser, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the 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 shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee Purchaser understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Developer/ Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee Purchaser shall keep the Developer/ 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 Developer/ Promoter immediately and comply with necessary formalities if any under the applicable laws. The Developer/ Promoter shall not be responsible towards any third-third party making payment/remittances on behalf of any Allottee Purchaser and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Developer/ Promoter shall be issuing the payment receipts in favour of the Allottee Purchaser only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter thePromoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be ifprovided in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and thereofand 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 complywith 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 Act, 1999 or other laws as applicableasapplicable, as amended from time to time. ii) . The Promoter accepts no responsibility in regard to matters specified in para Para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it 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 anyunder applicable laws. The Promoter shall not be responsible towards any third-party making third party’s payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment applied for herein in any way and the andthe Promoter shall be issuing the payment receipts in favour favor of the Allottee only.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. ia. If the Allottee(s) The Allottee, if is the resident outside IndiaIndia or having Non Resident Indian (NRI) or Oversees Citizen of India (OCI) status, such Allottee(s) clearly and unequivocally confirms he shall be individually and solely responsible for complying compilation with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act 1999 (FEMA), Reserve Bank of India (RBI) Act, 1934 and the Rules and Regulations Rules/ Guidelines made thereunder or any statutory amendments) modification(s) made thereof / issued there under and all other applicable laws including that of remittance of payment payments, acquisition/sale/ sale or transfer of immovable properties property/s in India etc. and provide The Allottee(s) shall also furnish the Promoter required declaration to the Owner in the prescribed format, with such permission, approvals which would /approvals/no objections to enable the Promoter Owner to fulfill its obligations under this Agreement. Any refundIn case any such permission is ever refused or subsequently found lacking by any Statutory Authority / Owner, transfer or in case of securityany implications arising out of any default by the Allottee(s), if provided it shall be in terms of or in accordance with the provisions sole liability and responsibility of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act,1999 or other laws as applicable, as amended from time to timeAllottee(s). ii) b. The Promoter accepts Owner shall accept no responsibility in this regard to matters specified in para 3.1 above. The Allottee and the Allottee(s) shall keep the Promoter Owner fully indemnified and harmless for any harm or injury caused to it for any reason whatsoever in this regard. Whenever there is any a change in the residential status of the Allottee Allottee(s), subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee Allottee(s) to intimate the same in writing to the Promoter Owner immediately and comply with all the necessary formalities formalities, if any any, under the applicable laws. The Promoter shall In event of non-fulfillment of the permission as mentioned above, the amount paid towards Total Price will be refunded without interest, by the Owner (excluding taxes) as per the cancellation and forfeiture process mentioned in this Agreement and the allotment cancelled forthwith and the Owner will not be responsible towards liable in any thirdmanner on such account. In case of Non-party making payment/remittances on behalf Resident Indians (NRI) and Persons of any Allottee Indian Origin (PIO), all refunds, if any, shall, however, be made in Indian Rupees and such third party Allottee(s) alone shall not have any right in be liable to get all the application/allotment necessary permission for getting the refund of the said Apartment applied for herein in any way and amount paid towards the Promoter Total Price as mentioned above from the concerned authorities. c. In case of foreign remittance, the net amount credited to bank shall be issuing taken as amount received and necessary bank charges shall be borne by the Allottee(s). The date in which such credit is made to the bank account of Allottee(s) will be considered as date of payment receipts in favour and no other date. Allottee(s) shall provide to the Owner copy of the Allottee onlySWIFT message to trace the remittance in India.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee/s, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 Act and the Rules and Regulations made thereunder or any statutory amendmentsamendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and And provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Allottee 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 of Bank of India, he/she may shall be liable for any action under the Foreign Exchange Management Act,1999 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Promoter accepts no responsibility in regard to matters specified in para 3.1 abovethis regard. The Allottee Allottee/s shall keep the Promoter fully indemnified and harmless in this regard. 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 immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third-party making payment/remittances on behalf of any Allottee Allottee/s and such third party shall not have any right in the application/allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee Allottee/s only.

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments) /modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, permission approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided shall be in terms of or the Agreement shall be made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or of any other applicable law. The Allottee understands and agrees that in the event of any failure anyfailure 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 Act, 1999 or other laws as applicable, as amended from time to time. ii) . The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the intimatethe same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible beresponsible towards any third-party anythirdparty making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment application /allotment of the said Apartment apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. i) The Purchaser/ Allottee, if resident residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments) amendments/ modification(s) made thereof hereof and all other applicable laws including that of remittance of payment acquisition/sale/ 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 shall be in terms of or the Agreement shall he made in accordance with the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the rules Rules and regulations Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/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 Act, 1999 or other laws as applicable, as amended from time to time. ii) 8.5.1 The Developer/Promoter accepts no responsibility in regard to matters specified in para 3.1 clause 8.5 above. The Purchaser/Allottee shall keep the Developer/Promoter and the Owners fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Purchaser/Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Purchaser/Allottee to intimate the same in writing to the Dveloper/Promoter immediately and comply with necessary formalities if any under the applicable laws. , The Developer/Promoter shall not be responsible towards any third-third party making payment/remittances on behalf of any Purchaser/Allottee and such third party shall not have any right in the application/application/ allotment of the said Apartment apartment applied for herein in any way and the Developer/Promoter shall be issuing the payment receipts in favour of the Purchaser/Allottee only.